Grants and Contributions:

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Title:

Configurable and Optimized Transaction Batching

Agreement Number:

971607

Agreement Value:

$48,900.00

Agreement Date:

May 8, 2021 - Feb 28, 2022

Description:

Transaction batching is a solution relied on by many large digital currency exchanges to save significant costs on transaction fees during user withdrawals. This solution is applied less commonly and less elegantly on digital currency ATM software due to challenges caused by the nature of the transactions. This project intends to use extensive data analysis to create highly configurable and optimized batching functionality to improve operator efficiency while maintaining end-user experience. This functionality would significantly increase the economics of the ATM software and has potential to be spun out into a separate product altogether via API integration for exchange, brokerages, and custodians.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Edmonton, Alberta, CA T5K 0K6

Reference Number:

172-2021-2022-Q1-971607

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

729748673

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 31 days.

Amendment Date

Dec 6, 2021

Recipient's Legal Name:

Ghostlab Inc.

Federal Riding Name:

Edmonton Centre

Federal Riding Number:

48014

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211

Amendments:

See Amendments