Canada: State-Funded Research Program IRAP Now Hosts Blockchain Explorer
The Canadian government-funded research program Industrial Research Assistance Program (IRAP) is now hosting its own blockchain explorer, according to an official statement on Aug. 20.
The IRAP, managed by the National Research Council of Canada (NRC), has announced that the project has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol and network that is designed to enable peer-to-peer storing and sharing of data on a distributed ledger.
According to an article published on Newswire, the IPFS blockchain browser has been implemented via Catena Blockchain Suite, a product provided by BitAccess.
With its new initiative, IRAP plans to test the use of public blockchains in government grantsâ management, allowing users to perform instant searches for new grant data on the Ethereum (ETH) blockchain.
According to the official announcement, NRC IRAP first hosted a blockchain kickoff session in June 2017, revealing its plans to implement the technology in administering funding for innovative projects to Canadaâs small and medium-sized enterprises (SMEs).
In early 2018, IRAP has successfully launched the Canadian governmentâs âfirst-everâ live trial of public blockchain technology on Ethereumâs ledger, in order to enable transparent administration of government contracts.
In June 2018, Canadaâs national self-regulatory non-profit organization Investment Industry Regulatory Organization of Canada (IIROC) built up a working group to draw up proposals on blockchain within the capital markets ecosystem in a move to prote ct investors and support healthy domestic capital markets.
Last week, the Bank of Montreal and Ontario Teachersâ Pension Plan tested a blockchain-powered debt scheme for the Canadian dollar (CAD), which is reportedly the first time when CAD was used as âfixed-income issueâ through DLT. Earlier in June, Canadaâs central bank (BoC) issued a study reaffirming that double spending on blockchain is âunrealistic.âSource: Google News Canada | Netizen 24 Canada