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Canada gov to use of Ethereum to enhance transparency

RATE THIS! +22
Posted in Software on 22nd Jan, 2018 11:54 PM by Alex Muller

The Canadian government has launched a trial to explore the use of blockchain 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.

 
When the NRC creates or amends a grant, the pertinent information is stored on the Ethereum blockchain, and posted on an online database that Canadians can peruse.
 
“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.”

Tags: ethereumcoinsoftwarebusinessblockchain

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