A blockchain explorer built on Ethereum has been launched by the National Research Council of Canada (NRC). As per the information available, Bitaccess has developed the blockchain explorer application, dubbed Catena. It will be hosted by its Industrial Research Assistance Program on the InterPlanetary File System (IPFS).
Since it is not organized in on location, the hosted data will always be available and immutable. As per the information given by Bitaccess, this explorer application will work as search engine where Ethereum blockchain can be searched immediately so as to use it for published grants and contribution data which is stored on the network through Catena.
A statement released by Moe Adham, co-founder of Bitaccess read that the Catena Blockchain Suite developed by Bitaccess is simple, low risk application for organizations so that they can get introduced to blockchain technology. He said that till now the application has received good response.
With the IPFS function, ‘peer-to-peer method of storing and sharing data’ will be there for users. This will be through a distributed method which will make data permanent and keep it for the far future even after the original web host goes offline.
As per the statement released by NRC, despite being the early days, the experiment of NRC IRAP with blockchain is expected to offer constructive understanding into the prospective for this technology and how to use it for more transparent operations for public programs.
First live trial of public blockchain of Government of Canada was launched by NRC earlier this year. The motive behind this public blockchain was to create a transparent administration of government grants and contributions.
At the time of the launch, the government was able to use the blockchain to publish information on “new and amended Contribution Agreements with firms in real time.” Adham says his company’s goal is to help institutions “become fully transparent” and help constituents participate in the “verification and validation of public information.”