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.
For the trial, the National Research Council (NRC) is using the Catena Blockchain Suite, a Canadian-made product built on the Ethereum blockchain, to publish funding and grant information in real time.
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.
Read full story here: Canada Trialing Use Of Ethereum Blockchain To Enhance Transparency In Govt Funding – National | Globalnews.ca
