Ethereum Blockchain ExplorerIRAP has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol that enables peer-to-peer storing and sharing of data on a distributed ledger. In this case, the explorer will allow users to search the Ethereum blockchain for government contracts such as grants, applications, and contribution data. And according to the release, the IPFS blockchain browser has been implemented through services provided by blockchain startup Bitaccess. NRC said that by using IPFS, it ensures web applications are "unalterable and can be accessed far into the future."
More TransparencyThe goal of the project is to build a more transparent administration of government contracts and, overall, to use the technology to help administer funding to Canada's small and medium-sized businesses for innovative projects. The "first live trial" of public blockchain technology using the Ethereum blockchain was actually launched by NRC back in January, and since that launch, the program has been actively exploring additional ways to incorporate blockchain technology to new and existing applications. >> Why are Major Crypto Exchange Firms Optimistic Towards Ethereum Coin?
Early DaysThe NRC continued:
"These are early days, but NRC IRAP's experiments with blockchain are expected to provide constructive insight into the potential for this technology and how it may be used for more open and transparent operations for public programs."