According to a press release at the beginning of this week, the National Research Council of Canada (NRC) has supported the development of a blockchain explorer. The new explorer was developed with the help of the Industrial Research Assistance Program (IRAP) of the NRC. Start-up blockchain Bitaccess has built the new platform and is hosted on the popular InterPlanetary file system (IPFS).
Bitaccess co-founder Moe Adham said this about the program in a statement released after the publication of the new explorer,
"Our goal is to enable institutions to become completely transparent and allow components to participate in the verification and validation of public information, "he continued," We built [IPFS] as a simple, low-risk, application for institutions to be introduced to blockchain technology. "
NRC explained that they chose IPFS because it operates as a highly shock-resistant peer-to-peer file sharing network. Programs hosted on IPFS are almost impossible to modify or remove. Users can use this new explorer to find information on public grants and other Ethereum blockchain topics.
Canada was not a major development center for cutting-edge technology in the 20th century, but it seems that it is changing. Ethereum was born more or less in Canada and numerous blockchain start-ups chose to make Canada their home.
Read: What is IPFS interplanetary?
Canada takes a leading role in investments in Blockchain
Canadian financial markets are often obscured by the near south. The US financial markets are probably the largest in the world, but Canada brings a lot of flexibility to innovators who can not afford to face the huge costs of bureaucracy in the United States. The first crypto-miners to be made public in Canada, thanks to the ease of doing business there.
HIVE Blockchain was a beloved market in the TSX-V (Toronto Venture Exchange) last year. Like most things in the cryptographic sector, it has since cooled down. Canada was also the first major nation to allow a blockchain ETF to list its trades. Next month it will appear that another blockchain ETF is listed for public trading.
Read: HIVE Blockchain Technologies: quoted cryptocurrency
The ETF blockchain that Vancouver-based First Block Capital (FBC) intends to list next month will not be the fabulous Bitcoin ETF that US investors were waiting for . Instead of focusing on the wildly volatile cryptography industry, FBC plans to invest in major companies that work with blockchain technology.
FBC is looking at companies like IBM, Maserk and Walmart, probably because they are protecting blockchain patents and have the ability to take long-term development programs. This ETF may not provide the kind of returns that some tokens created last year, but over a long-term horizon, it could prove to be a safer way to invest in the blockchain space.
Novogratz went to Canada
Mike Novogratz was one of the most outspoken supporters of the blockchain in the public arena. A former employee of Goldman Sachs, he worked for his cryptic merchant bank, called Galaxy Digital Holdings, for more than a year. Finally it happened at the beginning of August, even though the current downtrend market for cryptography did not help Galaxy much.
Read: Crypto Merchant Bank of Mike Novogratz loses the big in the first quarter
Mike Novogratz had this to say just before the Galaxy shares started trading on the TSX-V,
"If I knew what I know now, I knew that the cryptographic markets were going to faint a lot, and it would take so long, I could have stayed private for another year and then became public," he commented in an interview to BNN Bloomberg, "But I do not think it's a mistake."
Although stocks initially rose to more than C $ 3, they fell to C $ 2.35. Other companies such as HIVE Blockchain have seen even greater drops from the heady days of 2017. HIVE shares have gathered at C $ 4.71, although recently they have reached a minimum of $ 68. Regardless of the roller coaster ride to encrypted prices, Canada has shown that it wants to accept blockchain technology and allow start-ups to take risks that can lead to large companies.