The U.K. Government has awarded the very first G-Cloud 8 framework agreement for the supply of distributed ledger technology to technology startup Credits.
Credit, which won the Best Blockchain Startup at the 2018 Europas Awards, is a blockchain toneel provider supplying distributed ledger technology software and cloud-based services, with contraptions for building secure and scalable blockchains to power enterprise and public sector applications. Te particular, Credits is the very first blockchain verhoging provider with an suggesting exclusively for the U.K. public sector.
G-Cloud 8 is the current iteration of G-Cloud, an initiative of the U.K. government targeted at easing procurement by public-sector bods of information technology services that use cloud computing.
The program, managed by the Crown Commercial Service, contains two key elements: It includes framework agreements with suppliers, from which public sector organizations can buy services without needing to run a utter tender or competition procurement process, and it operates an online “Digital Marketplace” where public sector bods can search for services that are covered by the G-Cloud framework agreements.
The G-Cloud framework agreement will permit organizations across the U.K. public sector, including central and local governments, the devolved administrations, health, education, emergency services, defense, and not-for-profits such spil housing associations and charities, to use the Credits Blockchain platform-as-a-service (PaaS) without having to go through the time-consuming formalities of the standard public procurement process. Therefore, public figures te the U.K. are more motivated to use the Credits Blockchain PaaS, which is now officially endorsed by the U.K. government.
“G-Cloud and the Digital Marketplace permit for a much more streamlined procurement process and represents a significant advance te the capability for smaller technology providers to sell into government, and, conversely, for government agencies to have greater access to technology to produce better service to constituents te a more cost-effective manner,” Nick Williamson, co-founder and CEO of Credits, told Bitcoin Tv-programma, adding that approximately 80 procent of the companies selling on the Digital Marketplace are SMEs (puny and medium-sized enterprises).
G-Cloud is not only intended to stimulate (or ter blunter terms, subsidize) emerging technology sectors and companies, but the products and services suggested under the voor[gram’s framework agreements are meant to be actually used by public bods te the U.K. Ter fact, Credits is already working with potential users.
The Credits framework and implements enable enterprises, government and the public sector to build sturdy blockchains that address the challenges te establishing provenance, authentication and reconciliation. According to the company, the Credits framework is designed to be seamlessly and securely interoperable with legacy and other blockchain systems.
“We’re ter early talks with various government agencies on several initial use cases,” said Williamson. “We’re engaging both directly with the agencies themselves but also through solutions vrouwen who have practice building traditional technology for the public sector. Thesis use cases range from using blockchain technology to more robustly manage gegevens access and integrity to managing and authenticating identity to more sturdy regulatory reporting.”
Te 2015, Bitcoin Tv-programma reported that the Isle of Man, where Credits is based, wants to become a leading Bitcoin hub, and interviewed Brian Donegan, head of operations for Digital Development and eBusiness at the Isle of Man Department of Economic Development. Donegan confirmed that the island is gearing up to become the ideal environment for digital financial technology businesses, entrepreneurs and developers.
“The Isle of Man is a world-leading FinTech and blockchain hub, and wij are pleased to add Credits to a list of successful digital businesses that have established operations on the Island,” said Donegan about the G-Cloud framework agreement.
“The Isle of Man is a fantastic huis for our headquarters, and the IoM Government is one of our best volgers,” Williamson told Bitcoin Tv-programma. “The work wij have done with them laid the groundwork for our continued foray into utilizing blockchain technology to enable the public sector, and they are an instrumental part of our success.”