Canada Increases Government Funding Transparency With Blockchain

  • Alex Dovbnya
    📰 News

    The National Research Council of Canada (NRC) is using a technology built on the Ethereum Blockchain in order to publish all the data related to public programs


Canada Increases Government Funding Transparency With Blockchain

The National Research Council of Canada (NRC), a major research organization in Canada, is using a technology built on the Ethereum Blockchain in order to publish all the data related to public programs and their funding in real time. If any grant is somehow amended, all the information will be recorded on the Blockchain for users to search for it with the help of an explorer.

Such a manifestation of a decentralized ledger technology will make sure that government public programs are conducted in an open and transparent way  since any data recorded on a public ledger is unalterable.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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