The Windsor MP welcomes the new report by the Government Office for Science on distributed ledgers, also known as blockchains.
Distributed ledgers are a method of recording information on a decentralised database. Proponents of distributed ledger claim that they are more secure than traditional ways of storing data and that they also cost less due to the fact that they strip away bureaucracy and shred red tape.
Distributed ledgers offer many varied new uses in the public sector, such as collecting taxes more effectively, giving the public access to their health records and verifying property and business records more securely.
The report makes a number of recommendations to the Government with the objective of exploring their potential use in both the public and private sectors.
Adam Afriyie, Windsor’s MP, commented:
“Blockchains are one of the most exciting technology developments in recent years. As an former IT entrepreneur I look forward to the Government reaction to this report and soon hope to see pilots and trials of blockchains in the public sector.
“The potential savings to taxpayers with more efficient public services are enormous
“Blockchains are secure but they are not cybercrime free so we must be proceed with caution. The creation of a potentially massive database containing everyone’s information could be like painting a giant target on the public sector for cyber criminals to aim at.
“In parliament we also need to consider the issues around Blockchains and I hope to secure a debate in the forthcoming months so MPs can engage with this exciting new topic.
“Let’s make 2016 the year that blockchains stopped being the sole domain of tech geeks and entered the public space and the political arena.”
Note to editors
1. Adam Afriyie has a strong background and interest in science, technology and innovation due to his entrepreneurial background in the IT sector and a variety of posts he has held and/or currently holds, including Shadow Minister for Science, Chairman of the Parliamentary Office of Science and Technology (POST) and President of the Conservative Technology Forum (CTF).