UK Government Should Have A Chief Blockchain Officer, Lawmaker Says
Originally published on: CoinDesk
Read the original article
July 04, 2018
A U.K. lawmaker is suggesting the government should push for further blockchain use in the public sector to rebuild social trust and increase government efficiency.
To achieve that, Eddie Hughes, a parliament member from the U.K.’s Conservative Party argued in a report released on Wednesday that the government should “appoint a public-facing chief blockchain officer,” according to a news report from CityA.M.
The suggested chief blockchain officer should be focusing on shaping U.K.’s strategy to utilize blockchain in public services with a long-term goal to reduce the government’s annual expenditure by one percent, the report said.
The lawmaker further claimed that a blockchain strategy led by the U.K. government would be an effective way to keep the country’s competitiveness across worldwide countries.
Hughes’ suggestion comes at a time when an increasing number of startups are looking to advance blockchain applications in the U.K. under a regulated environment.
According to a report released by the U.K.’s Financial Conduct Authority (FCA), over 40 percent of the 29 startups accepted to the financial regulator’s sandbox cohort 4 are focusing on distributed ledger technology.
Yet Hughes is not the only parliament member that is pushing for blockchain use in the public sector. The House of Lords, the upper chamber of the U.K. parliament, also released a report in November stressing the opportunities for blockchain across government services, as previously reported by CoinDesk.
UK image via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.