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The UK government is in talks with a blockchain startup offering to root out fraudulent furlough claims using AI

13 days ago   |   By Business Insider

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UK government officials held talks on Friday with a homegrown blockchain startup to discuss using its AI-driven solution to root out fraudulent furlough claims.
At the peak of Britain's COVID-19 epidemic in May, almost a third of Britain's workforce was furloughed , with the government paying up to 80% of the salaries of workers up to £2,500 - or $3,075 - a month.
Since then, however, tax collector HM Revenue & Customs has warned that up to £3.5 billion - or $4.5 billion - may have been spent on fraudulent or mistaken claims. The agency said it was investigating some...
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