Published On: Wed, Apr 27th, 2016

The UK Government may pay out research grants via bitcoin

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While the UK Government is known for its conservative stance, it has been proven to be future-focused when it comes down to supporting bitcoin and its underlying technology, the blockchain.
According to recent reports, it seems like the UK Government is considering to monitor and payout researcher grants that are taxpayer-funded via bitcoin.
In a recent press statement, Matthew Hancock, the minister for the Cabinet Office, but also the paymaster general said that: “Monitoring and controlling the use of grants is incredibly complex. A blockchain, accessible to all the parties involved, might be a better way of solving that …

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