Government of Canada exploring the potential of Blockchain technology
Jan 19, 2018, 09:00 ET
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 (https://explorecatena.com) - 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, institutions, charities or other entities interested in how the Catena Blockchain Suite can fit into their business processes can contact [email protected].
Bitaccess' mission is to provide people and businesses around the world with access to the blockchain technology. From start-ups to Fortune 500 companies, Bitaccess provides software services to power blockchain businesses in over 15 countries. Our customers rely on Bitaccess software and services to power their core infrastructure, compliance, security and support services.
SOURCE Bitaccess Inc.
For further information: Media Contact: [email protected]
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