UK pension agencies are exploring the use of distributed ledger technology to improve payment infrastructure

Richard Laycock, deputy director of the Digital Payments and Banking System at DWP (Department of Work and Pensions) in the UK, is seeking to reform its payment infrastructure. DWP is investigating blockchain and DLT technology as a reform payment. Systematic factors. Richard Laycock said that when data is stored on a secure, unalterable ledger, the time, cost and failure rate associated with the transaction can be reduced.