UK government passes digital documents bill that could see it adopt blockchain

The legislation necessary to enable the use of blockchain technology as a solution for the storage of documents has been approved by the UK government. Indeed, the government announced in a press release on October 13 its desire to transition away from using paper in processing official documents.

The Electronic Trade Documents Bill, which was passed on Wednesday, October 13, in the House of Lords, would make it possible for electronic paperwork to be legally recognized and will result in a reduction in carbon emissions by at least 10% and reduce the estimated 28.5 billion paper trade documents printed and flown around the world daily. According to the press release, electronic papers will also improve security since they will be simpler to track.