GovCoin Systems
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About GovCoin Systems
GovCoin Systems is a digital value transfer systems company focussed on social welfare distribution for sovereign and federal governments, to increase financial inclusion and reduce friction.
GovCoin Systems Headquarters Location
Russell Square House
London, England,
United Kingdom
Expert Collections containing GovCoin Systems
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
GovCoin Systems is included in 2 Expert Collections, including Blockchain.
Blockchain
5,015 items
Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.
Fintech
4,864 items
Track and capture company information and workflow.
Latest GovCoin Systems News
Jul 8, 2016
Friday 8 July 2016 | 12:33 PM CET UK Department for Work and Pensions has partnered GovCoin Systems, a UK-based blockchain and fintech startup, to deploy a new blockchain-based trial for welfare payments. UK’s work and pensions department has already an ongoing proof-of-concept trial where welfare payments are being recorded on a distributed ledger or blockchain. Barclays, RWE npower and University College London participate within the trial. Claimants are using an app on their phones through which they are receiving and spending their benefit payments. With their consent, their transactions are being recorded on a distributed ledger to support their financial management. Although details of the trial are currently scarce, it stands as one of the early examples of a blockchain application and solution, in the public sector, according to cryptocoinsnews.com.
Where is GovCoin Systems's headquarters?
GovCoin Systems's headquarters is located at Russell Square House, London.
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