Wednesday, May 18, 2022

Canadian Government Experiments with Publishing on Ethereum

Canadian Government Experiments with Publishing on Ethereum

With the help of block-tech company Bitaccess, the National Research Council of Canada (NRC) is trialing the Ethereum blockchain to transparently publish data on “government grants and contributions.” The initiative could serve as a model for other nations looking to make similar moves in the ongoing blockchain boom. 

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Towards Open Government

In a January 19th release, Bitaccess announced its partnership with the NRC in a collaboration that will see the council publish administrative data in real-time to the Ethereum blockchain.

The idea, of course, is transparency; any Canadian citizen will be able to audit the trialed data any time forevermore thanks to the immutability provided by blockchain technology.

The promising adoption move comes as a part of the NRC’s Industrial Research Assistance Program. Per the announcement:

“At this stage, NRC IRAP is using the Ethereum blockchain to proactively publish grants and contribution data in real-time, a measure that compliments ongoing quarterly proactive disclosures available through the Open Government website.”

Indeed, users can already peruse Ethereum-secured public disclosure data on the prototype website. The prototype itself is made possible by Bitaccess’ Catena Blockchain Suite, which is a software suite that “allows public institutions to publish complex datasets” onto blockchains.

“Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information” Bitaccess co-founder Moe Adham remarked. “We built the Catena Blockchain Suite as a simple, low risk, application for institutions to get introduced to blockchain technology. So far the reception has been terrific.”

Terrific enough to win the Canadian government over; other more open-minded nations may follow suit.

Brazil Looking to Ethereum, Too

The NRC’s Ethereum trial comes on the heels of other governmental adoption news in the Ethereum ecosystem. That’s because just days ago, reports circulated that Brazilian lawmakers are looking at writing laws onto the Ethereum blockchain.

Moreover, experts in the South American nation have begun proposing using Ethereum to “prove that signatures collected for petitions to the Brazilian congress exist,” per Quartz.

Will Brazil pivot decisively to the blockchain?

And as vanguard nations like Canada, Japan, and Brazil become trailblazers in the blockchain space, look for other nations to begin making forays into the ecosystem of their own. Is the “herd” of nation-states officially coming? We’ll have to wait and see.

What do you think? Is 2018 already shaping up to be a great year for blockchain adoption? Sound off in the comments below.

Images via Pakmen, Virtuoso

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