You could be forgiven for having never heard of a “blockchain”. When I raised the issue of blockchains in Parliament it was the first time the word had been recorded in the Hansard record of parliamentary debate. It hasn’t been mentioned again.
Yet at tech events and forums discussion is ablaze with the seemingly limitless possibilities of blockchains, with some claiming they will transform the internet in the same way that the combustion engine revolutionized road travel. But what is this revolutionary new technology?
With the publication of new Investigatory Powers legislation due this week, Adam Afriyie MP, a former technology entrepreneur and Chair of the Parliamentary Office of Science and Technology has said that a crackdown on encryption technology would be economically irresponsible and ultimately futile.
In an article, published on the Telegraph Online, Adam Afriyie writes:
“The Government is rightly concerned about the risks of digital encryption technology, in the same way that it was concerned about invisible ink, encoded letters and faxes in the past. If there is substance to rumours of a crackdown on encryption in the publication of new Investigatory Powers legislation, it would be as mistaken as it would be ineffective.