Contribution: Industrial Research Assistance Program – Contributions to Firms
Ghostlab Inc.
$48,900.00
Configurable and Optimized Transaction Batching
FY 2021-22 · 2021-05-08
Summary
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.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Edmonton|Edmonton, Alberta, Canada
Recipient Type
For-profit organization
Business Number
729748673
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2021-05-08 | 2021-22 | $48,900.00 |
| 1 | 2021-05-08 | 2021-22 | $48,900.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 31 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 31 jours.
Agreement End Date
2022-02-28
Agreement Number
971607
Agreement Start Date
2021-05-08
Agreement Title
Configurable and Optimized Transaction Batching
Agreement Title (French)
Mise en lots de transactions configurable et optimisée
Agreement Type
Contribution
Agreement Value
$48,900.00
Amendment Date
2021-12-06
Amendment Number
1
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
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.
Description (French)
Le regroupement de transactions est une solution sur laquelle s'appuient de nombreux grands échanges de devises numériques pour économiser des coûts importants sur les frais de transaction lors de retraits d'utilisateurs. Cette solution est appliquée de manière moins courante et moins élégante sur les logiciels de guichets automatiques de devises numériques en raison des difficultés liées à la nature des transactions. Ce projet vise à utiliser une analyse approfondie de données pour créer une fonctionnalité de mise en lots hautement configurable et optimisée, et ce, afin d'améliorer l'efficacité des opérateurs tout en maintenant l'expérience de l'utilisateur final. Cette fonctionnalité augmenterait de manière considérable l'économie du logiciel ATM et pourrait devenir un produit distinct grâce à l'intégration d'API pour les échanges, les courtiers et les dépositaires.
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
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Edmonton Centre
Federal Riding (French)
Edmonton-Centre
Federal Riding Number
48014
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
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
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
729748673
Recipient City
Edmonton|Edmonton
Recipient Country
CA
Recipient Legal Name
Ghostlab Inc.
Recipient Postal Code
T5K 0K6
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2021-2022-Q1-971607
