IPFS enables a more transparent, less centralized, and more secure internet and thus been called an immutable, distributed supplement to HTTP. According to the press release, IPFS operates as a peer-to-peer method of storing and sharing data. Web applications hosted on IPFS are intended to be permanent and cannot be changed in any way.
A statement regarding the development of the new blockchain explorer was also published by Bitaccess on August 20. This further explains how the users can utilize the blockchain explorer to quickly locate information regarding published grants and contributions posted to the Ethereum blockchain. The co-founder of Bitaccess, Moe Adham says:
“Our goal is to enable institutions to become fully transparent and enable constituents to participate in the verification and validation of public information. We built the [IPFS] as a simple, low risk, application for institutions to get introduced to blockchain technology.”
Firstly a live trial of public blockchain technology on the Ethereum platform was launched by the Canadian government first launched in January. The intention for the same was to transparently administering government contracts. The NRC IRAP has been since experimenting with other ways to use blockchain technology along with exploring how it can dependably share information with the public. The closing statement of NRC’s announcement states:
“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.”
Read more: 85% Of Canadians Are Aware Of Bitcoin, Says Bank of Canada
