Mavennet,a Toronto-based blockchain startup has announced that it has received acontract from the Canadian government to develop an on-chain steel trackingplatform.
InNovember, the Innovation, Science and Economic Development of Canada (ISED)published a procurement award that will fund the R&D project for six monthswith CD $169,427 (?98,300). As per the contract, Mavennet will be aiming tobuild a blockchain proof-of-concept prototype that will be able to track andshare real-time data across the supply chain in the Canadian steel industry.
Meanwhile,the UK government is offering?130,000 to developers who will be able to build cryptocurrency tracingsoftware. The rise in concerns regarding the usage of cryptocurrencies for taxavoidance has been the main reason why the government is desperately lookingout for a developer. The software will therefore, help the government toidentify when cryptocurrencies are used to avoid paying taxes. The HM Revenueand Customs is in search of a tool that will support intelligence gatheringmethods to identify and cluster cryptoasset transactions into linkedtransactions and identify those linked to cryptoasset service providers.
In November 2019, Walmart Canada announced the introduction of a blockchain-based freight and payment network, which made use of DLT Labs’ supply chain platform ‘DL Asset Track’. The network, played an important role in tracking deliveries, verify transactions and also automate payments and reconciliation among Walmart Canada and its carriers. The freight and payment network helps to manage, integrate and synchronise all the supply chain and logistics data in real-time.
