House of lords urges the UK government to explore opportunities for the implementation of DLT

House of lords urges the UK government to explore opportunities for the implementation of DLT

The house of lords, the upper chamber of the UK Parliament published a report that highlights the capabilities of technology distributed registries (DLT) in the field of public services.

The technology can be used in all sectors, including customs and immigration, national security and public security, health, cybersecurity and more. The report States that the use of a DLT can change the relationship between government and citizens through decentralized trust mechanisms.

The UK government, as the report emphasizes, must give priority to the study of the potential of DLT in the field of decision-making and public service delivery. In addition, the government should take a leadership role in research, standards, testing and improving interagency collaboration.

The report also States about the threats associated with the DLT, in particular, it argues that the technology is still immature, has a lot of unresolved issues that can pose a threat to systems based on technology.

Lord Christopher Holmes, responsible for the report, said in the Preface:

Our working hypothesis is that DLT can play an important role in raising standards of delivery of public services to UK citizens, ensuring the competitiveness of the UK as a global leader in the field of technological innovation and to the protection of the security of the government and the citizens, at a time when they are increasingly under threat.

In July 2016, the Committee in the House of lords held a discussion about blockchain technology and its impact on the financial system and the government. Despite the fact that the discussion was recognized as the innovative role of this technology, the General atmosphere was pretty skeptical.

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