Countries all over the world are experimenting with blockchain technology. Now, Canada has announced that it will trial the use of blockchain to add transparency to government funding and research grants.
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.
The Canadian government is testing out the use of blockchain tech to improve transparency in government funding.
Specifically, Canada’s 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 Canada’s 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.
Full article : https://futurism.com/canadas-blockchain-trial-transparency-government-funding/