February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
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Public benefits
The blockchain is a good framework to allocate social welfare funds in a transparent manner. Pensions, army benefits, scholarships, and unemployment benefits can be distributed without suffering slowness, corruption, and bureaucracy.
GovCoin Systems Limited has partnered with Barclays and University College London to develop a social welfare distribution system using blockchain and smart contracts, which will be trialed by the Department for Work and Pensions of the UK government.