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Canada Trialing Use Of Ethereum Blockchain To Enhance Transparency In Govt Funding | Q107 Toronto

Canada Trialing Use Of Ethereum Blockchain To Enhance Transparency In Govt Funding | Q107 Toronto

The National Research Council Canada office in Halifax, N.S., Aug. 10, 2015. The Canadian government has launched a trial to explore the use of blockchain technology in making government research grant and funding information more transparent to the public. For the trial, the National Research Council (NRC) is using the Catena Blockchain Suite, a Canadian-made product built on the Ethereum blockchain, to publish funding and grant information in real time. When the NRC creates or amends a grant, the pertinent information is stored on the Ethereum blockchain, andposted on an online database that Canadians can peruse. READ MORE: Federal government exploring blockchain technology to boost innovation economy Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business, the NRC said in a blog post . These are early days yet, but the experiment is expected to provide constructive insight into the potential for blockchain technology and how it may be used for more open and transparent function of public programs. As the NRC website explains, On the simplest level, blockchains are public ledgers that record transactions shared among many users. Once data is entered on a blockchain, it is secure and unalterable, and provides a permanent record. The high level of security comes from storage of data in encrypted blocks that are decentralized, or stored on a network of computers around the world.This combination of encryption and decentralization ensures that data is practically impenetrable. The most well-known manifestation of blockchain technology is Bitcoin , a digital currency that stores all transactions and amounts on a decentralized public ledger. But while Bitcoins meteori Continue reading >>

A Made-in-canada Cryptocurrency Called Ethereum Is Building On The Bitcoin Revolution

A Made-in-canada Cryptocurrency Called Ethereum Is Building On The Bitcoin Revolution

A made-in-Canada cryptocurrency called ethereum is building on the bitcoin revolution We're experimenting with a new look. Learn more . A made-in-Canada cryptocurrency called ethereum is building on the bitcoin revolution In the increasingly valuable world of cryptocurrencies, bitcoin is still king. But Alex Tapscott, CEO of NextBlock Global, says a Canadian upstart called ethereum is worth watching too. Ether, like bitcoin, has seen a dramatic increase in value over the last year. Imagine what the internet did for communication and the exchange of information. Now picture that kind of sweeping change to the world of money; that sort of ease and transparency applied to banking, stock markets and the ability of companies to raise money. As Alex Tapscott tells Day 6 guest host Peter Armstrong , we are moving on from the internet of information and beginning the age of the "internet of value." The value of the stock market is $80 trillion so we're tackling pretty big markets here. Tapscottis the chief executive officer of NextBlockGlobal , a Toronto-based digital currency investment firm. Don and Alex Tapscott's book, Blockchain Revolution, argues the technology underlying Bitcoin will revolutionize almost every facet of online activity. (Alex and Don Tapscott) "Blockchain represents the second generation of the internet," he says, referring to the technology that allows people to send and receive money through the internet without using a bank. Tapscottalso co-wrote BlockchainRevolution: How the Technology BehindBitcoinis Changing Money, Business and The World with his father DonTapscott . "Blockchain allows us to change the way we move, store and manage assets in the economy ... we're talking about industries that are a lot bigger than Blockbuster ... we're talking abou Continue reading >>

Canadian Government Uses Ethereum Blockchain For Transparency

Canadian Government Uses Ethereum Blockchain For Transparency

The Canadian government has announced that they have launched a trial that will explore that use of blockchain technology in funding transparency. The National Research Council (NRC) will be using the Catena Blockchain product. This was built on the Ethereum blockchain. They will use the technology in order to publish information on the grants that they are receiving directly on the blockchain. Moreover, when the grants are used and are allocated to particular projects then the information is logged and it is uploaded onto the Ethereum blockchain . Given that this is a public blockchain, Canadians can see where the funds are been spent. In a blog post, the NRC explained the benefits of the blockchain and how they will be using it for their purposes. These are early days yet, but the experiment is expected to provide constructive insight into the potential for blockchain technology and how it may be used for more open and transparent function of public programs The technology that the NRC will be using has been built by an Ottawa based company called Bitaccess. When there is a grant that is handed out by the NRC, this information will be shared with Bitaccess. They will then take this data and will store it on the blockchain. This is an immutable and secure way to store the information. This will also be posted online so that ordinary Canadians can browse those grants that have been uploaded to the blockchain. Once they have located a particular grant, they can use website such as Etherscan.io to see the exact specifics of that transaction. For example, a there was a large grant in 2016 to Ryerson university of $11m. This was uploaded onto the blockchain by Catena blockchain. You can see the details of the transaction on the blockchain . This will no doubt also be a pos Continue reading >>

Canada Leverages Ethereum Blockchain For Public Transparency Of Government Grants

Canada Leverages Ethereum Blockchain For Public Transparency Of Government Grants

Canada Leverages Ethereum Blockchain For Public Transparency Of Government Grants The Ethereum blockchain is providing Canadian citizens a means to track their government's issuance of grants and funding, and may pave the way for future mass adoption by both government and public organizations. On January 19, 2018, reports indicate that the Canadian government will be looking to utilize the Ethereum blockchain in a bid to provide public transparency for disclosures relating to research and grant funding. If successful, this trial of a public-facing database powered by the Ethereum blockchain may lead to other government agencies using the same tech to achieve a similar measure of transparency. With the new system, hosted on Canada's National Research Council (NRC) website, anyone can see amendments to all existing grants created by the NRC, as well as any proposals for new ones in real-time, providing a layer of clarity and assurance for the public. The NRC has acknowledged that businesses wishing to engage in similar open practices can also turn to blockchain platforms. "Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business." The database contains entries tracking the progress of every NRC grant and proposal,totaling 3,678 disclosures, which can be browsed through filters like monetary value, date, recipient, and region. Disclosures range from a grant of $665 to an Ottawa-based recipient, identified as "Zzzzjan19," in order to "support a firm in the 'Wheat farming' industry (NAICS: 11114)," to the largest grant tracked on the government's system, an amount totaling $11,849,091, for Toronto-based Ryerson University, "to support a firm in the 'Other schools and i Continue reading >>

Ethereum Being Tested Out By Canadian Research Unit

Ethereum Being Tested Out By Canadian Research Unit

Ethereum being tested Out by Canadian Research Unit The Ethereum blockchain is being researched and trialed by the NRC National Research Council of Canada. The government initiative could find usage of the technology for recording gov contracts. The Catena platform has been chosen by NRC to be used from the startup Bitaccess for putting out data on gov contributions and grants over the open-source block. The effort is part of a move to make the governments administration boost transparency, according to a press release . The NRCs Industrial Research Assistance Program is the first entity to test the technology, and is already releasing contributions information. The group will also assess how the government can apply blockchain technology in other areas. Moe Adham Co-founder of Bitaccess, added on the event that the firm has designed the platform [Catena] as a choice for organization to get closes to the technology and get to know it. Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information. However, this is not a surprise for the nation to foray into the technology as the central bank is in the middle of taking its experiments on blockchain platforms [especially those with settlement systems. The Project Jasper [the Bank of Canada on-going project] is in the third level of its research proceeding with resiliency under periods of stress and securities settlements. Continue reading >>

Canadian Government Experiments With Publishing On Ethereum

Canadian Government Experiments With Publishing On Ethereum

Canadian Government Experiments with Publishing on Ethereum With the help of block-tech company Bitaccess, the National Research Council of Canada (NRC) is trialing the Ethereum blockchain to transparently publish data on government grants and contributions. The initiative could serve as a model for other nations looking to make similar moves in the ongoing blockchain boom. Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: In a January 19th release , Bitaccess announced its partnership with the NRC in a collaboration that will see the council publish administrative data in real-time to the Ethereum blockchain. The idea, of course, is transparency; any Canadian citizen will be able to audit the trialed data any time forevermore thanks to the immutability provided by blockchain technology. The promising adoption move comes as a part of the NRCsIndustrial Research Assistance Program.Per the announcement: At this stage, NRC IRAP is using the Ethereum blockchain to proactively publish grants and contribution data in real-time, a measure that compliments ongoing quarterly proactive disclosures available through the Open Government website. Indeed, users can already peruse Ethereum-secured public disclosure data on the prototype website . The prototype itself is made possible by BitaccessCatena Blockchain Suite, which is a software suite that allows public institutions to publish complex datasets onto blockchains. Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information Bitaccess co-founderMoe Adham remarked. We built the Catena Blockchain Suite as a simple, low risk, application for institutions to get introduced to block Continue reading >>

Govt. Of Canada Uses Ethereum Blockchain For Transparency In Funding

Govt. Of Canada Uses Ethereum Blockchain For Transparency In Funding

Govt. of Canada Uses Ethereum Blockchain For Transparency in Funding Published on: Jan 21, 2018 by CryptoCrimson Canada is a country which has often set high standards - be it human rights or be it government issues. The country is now taking government transparency to the next level by employing an Ethereum Blockchain based system.National Research Council (NRC) of Canada is now making use of the Catena Blockchain Suite which will make funding and grant information public.Every time the NRC approves of a grant, the information regarding this would be stored in the blockchain and then uploaded on to a database. What makes this different from existing methods is the fact that the blockchain based system is incorruptible and data that has once been entered cannot be tampered or changed. This ensures a proper transparency between the government and the citizens.How this system works is that the NRC provides grant data to Bitaccess, which stores this data on the blockchain. People interested in checking out this information can then access the public database and sort this information on the basis of date, money, region and recipient.A blockchain system is much better than any other system of record-keeping that governments may use. These other methods are not as trustworthy and accountable because the information can be tampered with any time. However - storing information on a blockchain system means that the information is now secure forever!Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business, the NRC said in a blog post.This Ethereum blockchain based system is already live and in action. Those interested in checking out the database of grants can visit the NRC Continue reading >>

Buy Bitcoin/ethereum In Canada - Coinbase

Buy Bitcoin/ethereum In Canada - Coinbase

Coinbase, headquartered in San Francisco, has become one of the most prominent businesses, allowing people to buy and store bitcoins and developing deals with merchants to help them carry out bitcoin transactions. One of the first steps, however, is getting Bitcoin into the hands of more people, and companies like Coinbase along with other exchanges that accept multiple currencies are playing a big role in expanding the virtual currencys network. Coinbase has done a good job of simplifying bitcoin use. To pay for sushi at a local shop, I used the Coinbase app on my Android phone to scan the QR code presented by my server. Continue reading >>

Canadian Research Body Pilots Ethereum In Transparency Push

Canadian Research Body Pilots Ethereum In Transparency Push

Canadian Research Body Pilots Ethereum in Transparency Push Jan 22, 2018 at 16:00 UTC|UpdatedJan 22, 2018 at 16:05 UTC The National Research Council of Canada (NRC), a government initiative, is trialing the ethereum blockchain for recording government contracts. For the pilot, the NRC is using the Catena platform from blockchain startup Bitaccess for publishing information on government grants and contributions over the open-source blockchain. The effort is part of a move to make the government's administration boost transparency, according to a press release . The NRC's Industrial Research Assistance Program is the first entity to test the technology, and is already releasing contributions information. The group will also assess how the government can apply blockchain technology in other areas. Bitaccess co-founder Moe Adham said in a blog post that the company built itsCatena Blockchain Suite to help organizations become familiar with using the technology. "Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information." While notable, this is not the first official body in the country to foray into blockchain technology. The Canadian central bank has already begun experimenting with blockchain-based platforms, particularly with settlement systems, as previously reported by CoinDesk. The Bank of Canada's "Project Jasper," now in its third phase, has conducted research into securities settlements and resiliency under periods of stress. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which Continue reading >>

Nrc Canada Is Trialing The Ethereum Blockchain

Nrc Canada Is Trialing The Ethereum Blockchain

NRC Canada is trialing the ethereum blockchain NRC Canada is trialing the ethereum blockchain The National Research Council of Canada (NRC), a government initiative, is trialing the ethereum blockchain for recording government contracts. For the pilot, the NRC is partnering with blockchain startup Bitaccess to use its Catena platform for publishing information on government grants and contributions over the open-source blockchain. The effort is part of a move to make the governments administration boost transparency, according to a press release . The NRCs Industrial Research Assistance Program is the first entity to test the technology, and is already releasing contributions information. The group will also assess how the government can apply blockchain technology in other areas. Bitaccess co-founder Moe Adham said in a blog post that the company built itsCatena Blockchain Suite to help organizations become familiar with using the technology. He explained: Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information. While notable, this is not the first official body in the country to foray into blockchain technology. The Canadian central bank has already begun experimenting with blockchain-based platforms, particularly with settlement systems. The Bank of Canadas Project Jasper, now in its third phase, hasconducted researchinto securities settlements and resiliency under periods of stress. Continue reading >>

Canada's Blockchain Trial Adds Transparency To Government Funding

Canada's Blockchain Trial Adds Transparency To Government Funding

Specifically, Canadas National Research Council (NRC) is sharing information about funding and research grants for its Industrial Research Assistance Program (NRC IRAP) in real time via the Catena Blockchain Suite , which is built on the Ethereum blockchain . For Canadas blockchain trial, every time the NRC creates or alters a grant, that information is added to the blockchain, which will be connected to a publicly accessible online database. Besides elevating transparency between the government, research organizations, and the public, Canadas blockchain trial also increases security. Data on a blockchain is stored in encrypted blocks that are managed by a decentralized global computer network. Essentially, this setup renders the data unalterable. The NRC likely chose the Ethereum blockchain for several reasons. It is one of the most established blockchain technologies in existence right now, and unlike the blockchain supporting the bitcoin cryptocurrency, the Ethereum blockchain can run smart contracts, which gives it far more utility. Canadas blockchain trial isnt wholly unique a number of other nations are looking for ways to integrate blockchain technology into their operations. Australia is expected to begin using blockchain to clear and settle trades on its stock exchange in March, at which point it will become the first nation to have a blockchain-based stock exchange. Meanwhile, Estonia is exploring ways to use blockchain to support its e-residency program and is even considering the possibility of creating its own cryptocurrency . By using blockchain to add transparency to its funding efforts, Canada can both establish trust with the public and potentially get citizens more involved in the process. For example, a person may notice a certain area of research is Continue reading >>

Government Of Canada Exploring The Potential Of Blockchain Technology

Government Of Canada Exploring The Potential Of Blockchain Technology

Government of Canada exploring the potential of Blockchain technology Franais OTTAWA, Jan 19, 2018 /CNW/ -Bitaccess is excited to announce that the Government of Canada is experimenting with the Ethereum blockchain. The National Research Council of Canada, through its Industrial Research Assistance Program (NRC IRAP) is now using Bitaccess' latest product, the Catena Blockchain Suite ( ) - a set of software services that allows public institutions to publish complex datasets onto a Blockchain, such as Ethereum. Through Catena, NRC IRAP is conducting a live trial to explore the use of public blockchains in the transparent administration of government grants and contributions. At this stage, NRC IRAP is using the Ethereum blockchain to proactively publish grants and contribution data in real-time, a measure that compliments ongoing quarterly proactive disclosures available through the Open Government website. On the simplest level, Blockchains are public ledgers that records transactions shared among many users. Once data is entered on a Blockchain it is secure and unalterable, providing a permanent public record. This technology offers unprecedented levels of transparency and trust making this ideal for institutions that strive to conduct transparent business. With the Catena Blockchain Suite, public records can be searched, verified and audited at a level the world hasn't seen before. "Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information" says Moe Adham, co-founder of Bitaccess. "We built the Catena Blockchain Suite as a simple, low risk, application for institutions to get introduced to blockchain technology. So far the reception has been terrific". Businesses, i Continue reading >>

Easy Ways To Buy Ethereum (eth) In Canada | Finder

Easy Ways To Buy Ethereum (eth) In Canada | Finder

Get paid directly in ETH. You may be able to get paid directly over the Ethereum blockchain. For example, if youre a content creator, you could request payment in ETH. Trade another cryptocurrency for it. You could trade bitcoin or another cryptocurrency for Ethereum at an exchange. Mine for it. You could mine for ETH by dedicating computing power to solving problems on the blockchain, executing smart contracts and carrying out transactions. However, you might need a lot of processing power to start earning worthwhile returns, and the Ethereum mining system is being reworked, which makes returns on mining investments less certain. Other. There are other ways you might buy into the Ethereum blockchain, ranging from winning a bet online with ETH to participating in affiliate programs or buying into another system on the same blockchain. The distinctiveness of Ethereum means there might be more ways to find yourself holding ETH than other currencies such as bitcoin. What are the special features of Ethereum and how does it work? Ethereums main difference is that it lets users set up smart contracts. These can do almost anything a user wants, with anonymity, with no set point of failure and with complete trustworthiness and reliability. This essentially lets you cut out the middleman in any kind of transaction, while still making the transaction with complete reliability, security and trustworthiness. Its transparent. All parties can see the details and conditions of the transfer. Its a transparent program thats set up to do exactly what it says. Its extremely flexible. You can program it to do almost anything you can imagine, such as making a transfer when specific conditions are met at a certain time in the future or dividing funds between different parties depending on Continue reading >>

Canadas Government Trials Ethereum Blockchain In Bid For Transparency

Canadas Government Trials Ethereum Blockchain In Bid For Transparency

Canadas Government Trials Ethereum Blockchain in Bid for Transparency The National Research Council of Canada (NRC) has announced that it will conduct a trial that records government contracts on the public ethereum blockchain in a bid to increase government transparency. Canadas Government Trials Ethereum Blockchain in Bid for Transparency The NRC unveiled the project on Jan. 19, adding that it will conduct the trial in partnership with Ottawa-based startup Bitaccess and will employ the companys enterprise-focused Catena Blockchain Suite. Catena uses smart contracts to record data in the ethereum blockchain, which guarantees the authenticity and immutability of the data while also making it publicly accessible to anyone with internet access. Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information says Moe Adham, co-founder of Bitaccess. We built the Catena Blockchain Suite as a simple, low risk, application for institutions to get introduced to blockchain technology. So far the reception has been terrific. The NRCs Industrial Research Assistance Program (IRAP) has already released a proof-of-concept for the trial, through which the public can view the recipient, date, value, location, and purpose of IRAP grants. These are early days yet, but the experiment is expected to provide constructive insight into the potential for blockchain technology and how it may be used for more open and transparent function of public programs, said the NRC in a statement. This experiment also marks an important step forward for the technology and a commitment by the Government to support emerging Canadian innovation. Although this is the first time Canada has tested a blockchain-based Continue reading >>

Canadian Government Launches Live Ethereum Public Blockchain Trial For Government Contracts

Canadian Government Launches Live Ethereum Public Blockchain Trial For Government Contracts

Canadian Government Launches Live Ethereum Public Blockchain Trial For Government Contracts The National Research Council of Canada (NRC), in collaboration with Bitaccess, have begun trialing the use of ethereums public blockchain for a more transparent administration of government contracts. Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business, NRC said in a statement. TheIndustrial Research Assistance Program (NRC IRAP)works with SMEs across Canada, generating a large volume of financial transactions and recordkeeping that require transparency and public disclosure. They are now using ethereums public blockchain to discharge that duty to the public, with Bitaccess suggesting they are using what they callThe Catena Blockchain Suite. A product which enables the publishing of complex datasets onto public or private blockchains utilizing smart contracts and hardware security modules. The smart contract of a Canadian government department. This is all already live, as shown by a screenshot of their smart contract , which states at the very beginning above: This contract provides the functions necessary to record (push) & retrievepublic funding data to the Ethereum blockchain for the National ResearchCouncil of Canada. The contract contains no eth, but it has performed some4,138 transactions, arriving from another presumably NRC address that does contain one eth, with each transaction paying the required eth fee. The smart contract itself is designed to receive eth, but since it does not define a send functionality, it can not transfer it out. Thus any eth sent to it would be locked and burned as the contracts purpose is to only receive record-keeping transactions Continue reading >>

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