A major report by the Government Office of Science in the United Kingdom sets out a possible future for distributed ledger technology. I’ll provide commentary later.
The report makes a number of recommendations which focus on ministerial leadership, research, standards and the need for proof of concept trials.
- government should provide ministerial leadership to ensure that it provides the vision, leadership and the platform for distributed ledger technology within government; this group should consider governance, privacy, security and standards
- government should establish trials of distributed ledgers in order to assess the technology’s usability within the public sector
- government could support the creation of distributed ledger demonstrators for local government that will bring together all the elements necessary to test the technology and its application.
- the UK research community should invest in the research required to ensure that distributed ledgers are scalable, secure and provide proof of correctness of their contents