Grants and Contributions:
Title:
Development of global payment services with multi-currency transactions using blockchain technology.
Agreement Number:
931970
Agreement Value:
$165,000.00
Agreement Date:
Jun 10, 2019 - Feb 21, 2020
Description:
This project will provide a customer facing online platform with supporting infrastructure that will provide increased transparency, payment execution, and security to customers initiating international payments and to the payees that receive them. The aim of the project is to create payment networks within the global distribution of good and services empowered by open banking, blockchain, and real-time payments.
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 M5J 2J1
Reference Number:
172-2019-2020-Q2-931970
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
840290910
Recipient Type:
For-profit organization
Recipient's Legal Name:
AscendantFX Capital Inc
Federal Riding Name:
Etobicoke--Lakeshore
Federal Riding Number:
35028
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
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
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
511211