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834804

	registered interest
	date	01/02/2018
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Social Security Benefits: Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the effectiveness of the GovCoin trial; and what plans her Department has for the future use of that technology.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	126226
	answer	answer is ministerial correction date of answer 09/02/2018 answer text <p>A small proof-of-concept trial was undertaken in 2016. The trial was led by Universal Credit officials who worked with DISC Holdings (formerly Govcoin) to trial an app on a mobile phone that customers could use to receive and manage benefit payments.</p><p> </p><p>The trial provided valuable insight into customer needs, and this was used to inform the decision to develop a future method of payment strategy that outlines DWP’s commitment to improving the methods available to make payments to customers. The Department is currently working with industry to identify new and emerging payment opportunities that suit the needs of DWP and its customers, in support of the future strategy.</p> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 09/02/2018 11:23:33 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4635 label Biography information for Eddie Hughes

845721

	registered interest
	date	20/02/2018
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Social Security Benefits: Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the potential benefits of using blockchain for the the welfare and benefits system; and if she will make a statement.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	128693
	answer	answer is ministerial correction date of answer 27/02/2018 answer text <p>We are committed to harnessing the potential of new technologies in making a positive difference to our customers’ lives. In 2016, we ran a pilot to explore whether a product by GovCoin (now DISC) could help some Universal Credit customers budget. The product utilised blockchain technology.</p><p> </p><p>The pilot that ended in early 2017, provided valuable insight into customer needs, and this was used to inform the decision to develop a future method of payment strategy that outlines DWP’s commitment to improving the methods available to make payments to customers.</p><p> </p><p>We continue to explore payment innovations, including distributed ledger and blockchain technologies and their potential to securely deliver services that our customers rely on.</p><p> </p> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 27/02/2018 12:14:46 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4635 label Biography information for Eddie Hughes