Contribution: Industrial Research Assistance Program – Contributions to Firms
Vaultie Inc.
$50,000.00
Digital ID distribution system and wallet
FY 2021-22 · 2021-09-01
Summary
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.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
718075526
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2022-03-31
Agreement Number
980937
Agreement Start Date
2021-09-01
Agreement Title
Digital ID distribution system and wallet
Agreement Title (French)
Système de distribution d'identifiants numériques et porte-monnaie
Agreement Type
Contribution
Agreement Value
$50,000.00
Amendment Number
0
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
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.
Description (French)
À l'heure actuelle, Vaultie est l'émetteur de tout titre de légitimation délivré par son système. Toutefois, la mise en place d'un système de distribution qui permettrait à des organisations indépendantes d'émettre et de révoquer les titres de légitimation de ses utilisateurs permettrait aux entreprises, aux organismes d'autorégulation, aux entreprises ou même aux universités d'émettre des titres de légitimation à leurs clients/employés ou membres (« clients » ou « utilisateurs »). Les clients pourraient transporter ces titres de légitimation dans leur portefeuille numérique et prouver, par le biais de la chaîne de blocs, leur affiliation à l'émetteur grâce à l'utilisation du titre de légitimation. Une carte d'identité numérique réduirait les obstacles à l'accès aux services à accès restreint et créerait des cadres permettant de faire confiance aux clients à distance.
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
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
NAICS Code
5112
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
718075526
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Vaultie Inc.
Recipient Postal Code
M5B 2G9
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2021-2022-Q3-980937
