Using the Ethereum blockchain
The National Research Council of Canada, through its Industrial Research Assistance Program (NRC-IRAP) is using the Ethereum blockchain to proactively publish grants and contribution data in real time, a measure that complements ongoing quarterly proactive disclosures available through the Open Government website.
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. This technology offers unprecedented levels of transparency and trust allowing public records to be searched, verified and audited at a level the world hasn’t seen before.
Notice – Prototype Yet, but cryptoworld is going crazy
Official source informs that ‘The NRC’s Industrial Research Assistance Program (IRAP) is conducting a proof of concept of blockchain technology. This website is a temporary prototype.’ It means this Ethereum blockchain solutions is just being implemented, but we all can agree, that this is huge step in cryptocurrency world as any blockchain driven project adoption in government is amazingly positive result.
In 13 hours the post on Reddit by user ‘RedditTheWorld‘ was UPVOTED over 8000 times and growing being the TOP1 post of HOT releases. This shows how important this implementation is for blockchain system as it inspires world to get closer to cryptocurrency.
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