Canada National Research Council, through its Industrial Research Assistance Program (NRC-IRAP), announced that it has successfully implemented its Ethereum (ETH) blockchain explorer for the transparent administration of grants and other government contributions. Through a press release, the Council reported that the application was developed by startup Bitaccess, Inc., and maintains it hosted in its file system, known as InterPlanetary or IPFS.
The Council’s goal is for users to use the platform to access grant information and test the use of distributed ledger technology (DLT) to search for grants in Ethereum (ETH) blockchain instantly.
“Since its launch, NRC-IRAP has explored new ways to expand its blockchain experiment and reliably share data with the public. The program now hosts your block string browser application in the File System (IPFS),” said the National Research Council of Canada in a statement.
Meanwhile, Bitaccess reported in a statement that to develop this project have implemented Catena Blockchain Suite, a tool that supports the browser itself in the local file system.
“The browser application is similar to a search engine, allowing users to instantly find Ethereum (ETH) blockchain to obtain the information that is being actively published,” the company added.
Canada aims for more transparency on cryptocurrency, especially regarding the Ethereum (ETH) blockchain
The Government of Canada announced last January that it was going to experiment with Ethereum (ETH) blockchain in real time with the aim of making available the data on subsidies and third-party contributions made to the Canadian government. The NRC-IRAP made one of these main proposals.
Canada has shown a great interest in developing cryptocurrency technology for sectors as diverse as agriculture and ICO regulation and has also considered issuing digital assets.
Blockchain explorers are tools that users can employ to query operations and events in a specific blockchain. That is because each transaction’s data is recorded and protected in the blockchain, meaning that any party involved can consult the information without changing it.
Among the data that can be consulted in the blockchain explorers are the following, there are the date and time of the transaction, block height, transactions, confirmations, the amount of cryptocurrency involved, as well as the amount of memory occupied by the transactions inserted in the same block.