Grants and Contributions:

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Title:

Digital ID distribution system and wallet

Agreement Number:

980937

Agreement Value:

$50,000.00

Agreement Date:

Sep 1, 2021 - Mar 31, 2022

Description:

Right now Vaultie is the issuer of any credential issued through its system. However, the building of a distribution system that would allow for independent organizations to issue and revoke credentials to its users would enable businesses, self-regulatory organizations, companies, or even universities to issue credentials to their customers/employees or members (“customers” or “users”). Customers would be able to carry these credentials in their digital wallet and prove, via blockchain, their affiliation to the issuer through the use of the credential. A digital credential would reduce barriers to access to gated services and create frameworks by which we could trust remote customers.

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:

Toronto, Ontario, CA M5B 2G9

Reference Number:

172-2021-2022-Q3-980937

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

718075526

Recipient Type:

For-profit organization

Recipient's Legal Name:

Vaultie Inc.

Federal Riding Name:

Toronto Centre

Federal Riding Number:

35108

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:

5112