U.K Department For Work and Pensions (DWP) Considering Using DLT to Speed Up Payment Processes

Distributed ledger technology (DLT) is currently being investigated by the U.K Department for Work and Pensions (DWP) in order to meet up with the changing face of payment in the country.

Overhauling the DWP payments systems

The Deputy Director of the DWP’s Digital Delivery Shared Platforms, Richard Laycock revealed that the improvements are planned across the DWP payments systems so as to make sure that its 20 million clients “receive their payments on time.”

He stated that:

“As we move our Payment Services forward they need to be efficient, modern, fast, scalable, flexible, innovative and available 24/7,”

Also, the DWP is examining several tech trends for the updated system, as well as the increasing adoption of distributed ledger technology (DLT).

“We are starting…

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