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Canadian Government Looks To Ethereums Blockchain To Improve Transparency

Canadian Government Looks To Ethereums Blockchain To Improve Transparency

Canadian Government Looks to Ethereums Blockchain to Improve Transparency The Government of Canada has announced that it will trial and explore the use of blockchain technology to improve transparency in the areas of government grants and funding. These trials are being conducted by the National Research Council of Canada through its Industrial Research Assistance Program (NRC-IRAP). The prototype will be developed using the Catena Blockchain Suite, a set of software services built on top of the Ethereum platform. Canadas decision to migrate some aspects of governance to a blockchain-based system comes as no surprise considering the relative popularity of the technology in recent times. Countries around the world, including India , the United States , and Australia , have all announced pilot projects aimed at reconciling blockchains with existing infrastructure. In cryptocurrencies such as Ethereums ether , a blockchain is used as a decentralized and distributed ledger for transactions. The Government of Canada hopes that such a system will promote greater transparency to the masses. The blockchain-based platform in development will allow citizens to search, verify and audit public records more efficiently than ever. Canadian citizens interested in viewing and accessing this information that can visit the NRC website where all data is regularly uploaded to an online database . Any update, modification or change made to this database by the NRC can be viewed in real time. Every time the NRC commissions a grant to any individual or a company it shares the information with Bitaccess , a Canadian blockchain company. The company, also responsible for the development of the platform itself, will upload the data it receives, eventually allowing the public to access it. The ag 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 >>

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 >>

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 >>

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 Pension Fund Omers Investing In Ethereum

Canadian Pension Fund Omers Investing In Ethereum

Canadian Pension Fund OMERS Investing in Ethereum Canadian Pension Fund OMERS Investing in Ethereum Crypto panic? Not in Canada. The largest pension fund in Canada, the Ontario Municipal Employees Retirement System (OMERS..very clever), which handles over $50 billion for over 500K members is going to invest in ethereum DIRECTLY. OMERS formed a new company called Ethereum Capital and will buy ETH directly alongside a couple other forward thinking firms. Seems OMERS has been quite active in the crypto and blockchain sector for years and recognizes the potential of the new technology. It also seems that Canada and its progressive thinking fintech sector is way out in front of the good old USA. So, as any good trader knows, you buy LOW and sell HIGH. OMERS has a great buying opportunity while the crypto panic is on. Remember, one persons panic is another persons opportunity. The Ontario Municipal Employees Retirement System (OMERS), a pension fund created by statue that handles net investment assets of $50 billion serving almost 500,000 members, is to directly buy eth by backing a newly formed company called Ethereum Capital through its investments arm. Ethereum Capital was created by OMERS, alongside Purpose Investments in which OMERS has a minority share, an OMERS-backed startup called Citizen Hex and L4 Ventures, a Toronto blockchain incubator advised by Vitalik Buterin, ethereums co-founder. John Ruffolo, Executive Managing Director of OMERS Platform Investments and Board Director for Ethereum Capital, said: OMERS has been active in the blockchain and crypto sector for several years now. OMERS believes in the potential of blockchain technologies and I am thrilled to join a strong network of advisors as Ethereum Capital creates value in the sector. Ethereum Capitals str Continue reading >>

Eth Cad | Ethereum Canadian Dollar Kraken - Investing.com Canada

Eth Cad | Ethereum Canadian Dollar Kraken - Investing.com Canada

Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading in financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Continue reading >>

Canadian Crypto - A Guide To Buying Bitcoin For Canadians

Canadian Crypto - A Guide To Buying Bitcoin For Canadians

Am I missing something, or is there really no way to view CAD pricing on either @Coinsquare or @EinsteinXchange ? #Litecoin has increased over 5,400% since March this year. Congrats @SatoshiLite and you haven't even started your marketing yet ;) @exodus_io This isn't you guys, right? instagram.com/exodus_wallet/ #Bitcoin up CAD$4,500 in less than 24 hours $17,365 8 p.m. (PST), Sat Dec 9 $21,824 7:30 p.m. (PST), Sun Dec 10 @francispouliot_ Some more perspective on buying prices between the two. reddit.com/r/BitcoinCA/co Wow, only 5 SALT for a Ledger Nano S, saltlending.com/shop Sign-up for a @SaltLending account and grab this grea twitter.com/i/web/status/9 Ah ok, this makes me feel so much better. Now I know there's no possible way for that 'insider knowledge' you speak twitter.com/i/web/status/9 @QuadrigaCoinEx has reintroduced Interac e-transfer funding. 2% + $5, next business day deposits. Example, CAD$1k B twitter.com/i/web/status/9 @ErikVoorhees Followng the Amazon / Facebook / Uber / Airbnb etc. trend, the biggest finance company in 10 years wi twitter.com/i/web/status/9 @SatoshiLite If you buy it, I'll build any site you like :) @coindesk @jeffjohnroberts @nick_rapp @FortuneMagazine must be really struggling. Auto-rotating adverts every 3 par twitter.com/i/web/status/9 Two weeks ago you could have bought #bitcoin at CAD$7,000. Today it broke through $12,000. Learn how to move your #Bitcoin from @coinbase to an @exodus_io wallet on your computer wp.me/p8RKw4-8Q pic.twitter.com/bsj6MyPsje Very interesting Data visualisation: 118 coins plotted over time this is why HODL altcoin indexes don't work woobull.com/data-visualisa @BTCbenny Black Friday pre-sale. $600 OFF BTC for 1 hour only! Is @BloomToken an Equifax killer? We hope so. wp.me/p8RKw4-ad pic.twitter.com/4tN Continue reading >>

Eth Cad | Ethereum Canadian Dollar Kraken - Investing.com

Eth Cad | Ethereum Canadian Dollar Kraken - Investing.com

To use this feature, make sure you are signed-in to your account To use this feature, make sure you are signed-in to your account Make sure you are signed-in with the same user profile Add to/Remove from a Portfolio Add to Portfolio 19:03:57 GMT - Real-time Data. ( Disclaimer ) National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Financial Industry Regulatory Authority (United States), Investment Industry Regulatory Organization of Canada (Canada), Securities and Exchange Board of India (India), Securities and Exchange Commission (United States), The Securities and Futures Commission (Hong Kong), Securities Investor Protection Corporation (United States) U.S. Commodity Futures Trading Commission (United States) Monetary Authority of Singapore (Singapore), National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Dubai Financial Services Authority (United Arab Emirates), Investment Industry Regulatory Organization of Canada (Canada) We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. Only post material thats relevant to the topic being discussed. Be respectful. Even negative opinions can be framed positively and diplomatically. Use standard writing style. Include punctuation and upper and lower cases. NOTE: Spam and/or pro 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 >>

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 >>

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

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

Canada trialing use of Ethereum blockchain to enhance transparency in govt funding By Rahul Kalvapalle National Online Journalist Global News The National Research Council Canada office in Halifax, N.S., Aug. 10, 2015. 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 meteoric rise has garnered it much hype,its ut 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 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 >>

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 >>

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