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1135451

	registered interest
	date	27/06/2019
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	Business: Billing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they have taken to use blockchain-based smart-contracts to ensure that small and medium sized enterprises are protected from late payment by larger companies in the supply chain.
	tabling member printed	Viscount Waverley
	uin	HL16772
	answer	answer is ministerial correction date of answer 10/07/2019 answer text <p>The Government recognises the impact late payments can have on businesses, particularly small and medium sized enterprises.</p><p> </p><p>Blockchain technology is one solution of how this can be tackled.. For example, smart contracts can initiate payments based on digitally approved work or digitally tracked goods delivery. This enables businesses to be paid automatically, reducing the need for invoicing and preventing delays in payments. The technology ensures a high level of transparency for all parties involved, and helps prevent organisations from taking unilateral actions to alter original contracts.</p><p> </p><p>The Government is supporting the development of blockchain technology in the UK and officials in the Department for Digital Culture Media and Sport are exploring potential pilot projects with government departments. The Department for Business recently published the government response on the call for evidence to end late payments to small businesses. Many SMEs supply to government and, as one of the UK's largest corporate buyers, it is our responsibility to ensure suppliers are paid promptly and to examine where the use of technology can help with this.</p> answering member printed Lord Ashton of Hyde question first answered 10/07/2019 13:58:04 answering member 4247 label Biography information for Lord Ashton of Hyde
	tabling member	1744 label Biography information for Viscount Waverley

1135448

	registered interest
	date	27/06/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	International Assistance: Blockchain
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what consideration they have given to making full use of the capabilities of blockchain-based smart contracts to protect the supply chain and ensure that major international aid and development projects are fully transparent, and that funding is secure.
	tabling member printed	Viscount Waverley
	uin	HL16769
	answer	answer is ministerial correction date of answer 10/07/2019 answer text <p>DFID is committed to best practice in the use of new digital technologies and we have set a vision for doing development in a digital world in our Digital Strategy. We have commissioned several reports to understand the effectiveness and potential of emerging blockchain technologies for international development. DFID also has several proof of concept pilots in design and implementation to test the potential of blockchain in, for example, humanitarian supply chains, tracking of UK aid funds, and to incentivise and reward environmentally sustainable farming practices. DFID is learning from these pilots and other projects to ensure that the UK remains at the cutting edge of delivering aid.</p><p> </p><p>DFID’s contracts are tendered in accordance with the EU Public Procurement Directive and the UK Public Procurement Regulations 2015, the focus of which is to ensure open and fair competition between bidders. This means our contracts are competitively tendered following a set of standard processes set out in the regulations. This competitive approach helps ensure value for money in the delivery of UK aid. British companies have continued to be very successful in this competitive market with UK firms winning 80% of our contracts in 2018/19.</p> answering member printed Baroness Sugg grouped question UIN HL16770 HL16771 question first answered 10/07/2019 15:59:57 answering member 4584 label Biography information for Baroness Sugg
	tabling member	1744 label Biography information for Viscount Waverley

1135449

	registered interest
	date	27/06/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	International Assistance: Blockchain
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have (1) to help fund the further assessment and development of blockchain technologies for major infrastructure and international development projects, and (2) to ensure that the UK remains a centre of excellence and is a preferred jurisdiction for such contracts.
	tabling member printed	Viscount Waverley
	uin	HL16770
	answer	answer is ministerial correction date of answer 10/07/2019 answer text <p>DFID is committed to best practice in the use of new digital technologies and we have set a vision for doing development in a digital world in our Digital Strategy. We have commissioned several reports to understand the effectiveness and potential of emerging blockchain technologies for international development. DFID also has several proof of concept pilots in design and implementation to test the potential of blockchain in, for example, humanitarian supply chains, tracking of UK aid funds, and to incentivise and reward environmentally sustainable farming practices. DFID is learning from these pilots and other projects to ensure that the UK remains at the cutting edge of delivering aid.</p><p> </p><p>DFID’s contracts are tendered in accordance with the EU Public Procurement Directive and the UK Public Procurement Regulations 2015, the focus of which is to ensure open and fair competition between bidders. This means our contracts are competitively tendered following a set of standard processes set out in the regulations. This competitive approach helps ensure value for money in the delivery of UK aid. British companies have continued to be very successful in this competitive market with UK firms winning 80% of our contracts in 2018/19.</p> answering member printed Baroness Sugg grouped question UIN HL16769 HL16771 question first answered 10/07/2019 15:59:57 answering member 4584 label Biography information for Baroness Sugg
	tabling member	1744 label Biography information for Viscount Waverley