Grants and Contributions
About this information
In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.
The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.
Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.
$50,000.00
Apr 1, 2018
For-profit organization
Smart Contracts for Digital Tickets for Live Entertainment Events.
905690
Tik Tiks is building a smart contract protocol and decentralized database that allows venues, artists, teams and promoters to manage the sale and resale of tickets to their fans dynamically and across multiple market channels. The protocol is specifically designed for the distribution of digital tickets to live entertainment events to eliminate fraud and unsolicited reselling/scalping while capturing revenue and data generated on secondary markets and 3rd party sales channels. Fans benefit by being able to buy verified tickets securely from peers, primary markets, or 3rd party markets. Artists, promoters/venues, and sports teams can capture net new fans, and net new revenue by restricting and capturing commissions on after sale markets.