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Canada: State-Funded Research Program IRAP Now Hosts Blockchain Explorer

The Canadian government-funded research program Industrial Research Assistance Program (IRAP) is now hosting its own blockchain explorer, according to an official statement on Aug. 20.

The IRAP, managed by the National Research Council of Canada (NRC), has announced that the project has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol and network that is designed to enable peer-to-peer storing and sharing of data on a distributed ledger.

According to an article published on Newswire, the IPFS blockchain browser has been implemented via Catena Blockchain Suite, a product provided by BitAccess.

With its new initiative, IRAP plans to test the use of public blockchains in government grants’ management, allowing users to perform instant searches for new grant data on the Ethereum (ETH) blockchain.

According to the official announcement, NRC IRAP first hosted a blockchain kickoff session in June 2017, revealing its plans to implement the technology in administering funding for innovative projects to Canada’s small and medium-sized enterprises (SMEs).

In early 2018, IRAP has successfully launched the Canadian government’s “first-ever” live trial of public blockchain technology on Ethereum’s ledger, in order to enable transparent administration of government contracts.

In June 2018, Canada’s national self-regulatory non-profit organization Investment Industry Regulatory Organization of Canada (IIROC) built up a working group to draw up proposals on blockchain within the capital markets ecosystem in a move to protect investors and support healthy domestic capital markets.

Last week, the Bank of Montreal and Ontario Teachers’ Pension Plan tested a blockchain-powered debt scheme for the Canadian dollar (CAD), which is reportedly the first time when CAD was used as “fixed-income issue” through DLT. Earlier in June, Canada’s central bank (BoC) issued a study reaffirming that double spending on blockchain is “unrealistic.”

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Argentina Jumps on Bitcoin ATM Bandwagon with 200 Expected in October

Argentina is set to receive 200 ‘bi-directional’ Bitcoin ATMs next month in an initiative responding to the “world monetary order changing.”

Speaking to local news outlet CryptoNoticias, CEO of organizer Odyssey Group Sebastian Ponceliz said there would be multiple benefits of the machines in a country where economic policy was an early driver of consumers towards Bitcoin.

“The idea was born from the understanding that the world monetary order is changing,” he told the publication.

“There is what I call monetary convergence that makes us use different types of means of payment and exchange (cash, crypto, e-wallets, loyalty points, etc.) and the human contact point for that is an ATM that can transact multiple currencies, turning digital money into physical and vice versa.”

Argentina will usurp many other markets should the rollout be a success, as the majority of BTMs do not cater to both fiat and crypto simultaneously.

Last month, Australia announced plans to retrofit 500 machines with Bitcoin selling and purchasing functionality.

“Odyssey is the first global platform integrating fintech, cryptocurrency and cash […] facilitating the movement of foreign exchange, commerce and reduction of transaction costs,” Ponceliz added.

Bitcoin ATMs as an industry are spreading fast but appear not to match demand.

High fees add to their lackluster performance compared to online exchanges, while promises of mass adoption have fallen flat in the past.

UK-based BTM operator Bitlish told Cointelegraph in May it would deploy a massive 5,000 of them across Europe before the end of 2017.