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Government of Canada expanding Blockchain technology experiment with IPFS implementation

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Government of Canada expanding Blockchain technology experiment with IPFS implementation

Canada NewsWire

OTTAWA, Aug. 20, 2018 /CNW/ - Bitaccess is excited to announce that subsequent to the successful launch of its experiment with the Ethereum Blockchain in January 2018, the Government of Canada is now exploring the use of additional blockchain technologies. The National Research Council of Canada, through its Industrial Research Assistance Program (NRC IRAP) is using Bitaccess' latest product, the Catena Blockchain Suite (https://explorecatena.com) to host its own blockchain explorer on the InterPlanetary File System (IPFS). 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 IPFS to host a blockchain explorer application. The explorer application, which is similar to a search engine, allows users to instantly search the Ethereum blockchain for proactively published grants and contribution data (https://nrc-cnrc.explorecatena.com).

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, providing a permanent public record. To easily access information stored on blockchains, users need to use a web-based application. IPFS provides a storage technology which allows for unalterable, permanent hosting of web-applications. Unlike regular web-pages, web-applications hosted on IPFS can be accessed far into the future, even if the original web-host has gone offline.

"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".

Interested parties who would like to host a copy of the NRC's IPFS application can find technical details and instructions on Bitaccess' blog at:

●       https://bitaccess.ca/blog/catena-nrc-ipfs

Businesses, institutions, charities or other entities interested in how the Catena Blockchain Suite can fit into their business processes can contact info@explorecatena.com.

ABOUT BITACCESS

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.

https://bitaccess.ca

 

SOURCE Bitaccess Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/20/c7417.html

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