Welfare Money Management for those in Need

Using blockchain's transparency and oversight for smart allocation of public funds

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United Kingdom

Welfare Payments in the United Kingdom

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SUMMARY

The UK Department of Work and Pensions (DWP) has released an app for citizens that receive welfare payments. Welfare recipients can opt to download the app which allows them to receive and manage the money they receive. The information available on this project is very thin in detail. There is no information about the technical aspects of the implementation, we don’t even know which blockchain platform is being utilized. Additionally, it’s concerning that the nodes are private and managed by two of the implementing organizations – oddly, the Department of Work and Pensions “has no access to the application or the data it has, nor is the government funding any of Govcoin’s work,” said CEO of Govchain Robert Kay in an October 2016 interview.

All across the world billions of pounds of welfare money are being squandered to fraud, waste, and abuse. The distributed ledger and smart contract technology of blockchain solutions can be ideal for this use case.

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