The above is a description of a patent to make electronic transfers more secure, and less vulnerable to outside attacks. It outlines a number of security features for identity verification, and to ensure the money gets to its intended targets.
Philippe Desmarais, Thierry St-Jacques Gagnon are the co-Founders of Kelvin Zero. In 2019, they filed a patent application for a blockchain application for digital asset transfers. While this is interesting, this hasn’t really been all their efforts, as the company has been subsidized by taxpayer money. The National Research Council has been handing out grants to fund this kind of technology.
Desmarais is also a Board Member at IX Investing. The name is also a curious one, as many readers will be familiar with the Desmarais Family, who owns Power Corporation and most Canadian politicians.
The Federal Lobbying Registry provides some information on the money that had been given out during the period of the lobbying and solicitation. Other databases have overlapping results.
|Canada Mortgage and Housing Corporation (CMHC)||2020||$41,359|
|Canada Revenue Agency (CRA)||2020||$23,375|
|Information and Communications Technology Council of Canada||2020||$20,000|
|Information Technology Association of Canada||2020||$32,500|
|National Research Council (NRC)||2020||$178,720|
Kelvin Zero has been lobbying for the last while in order to secure taxpayer funding for its various initiatives. This is hardly surprising. The grants handed out in 2021 should be publicly available soon.
Bruce Hartley is also an interesting choice to use as the lobbyist. He spent a decade working for Jean Chretien. He was also one of the lobbyist (along with William Pristanski) which got SNC Lavalin their deferred prosecution.
|DATE||AGREEMENT||AMOUNT OF MONEY|
|Apr. 1, 2020||Innovation Assistance Program||$81,312|
|Jun. 25, 2020||Innovation Assistance Program||$97,408|
|Oct. 12, 2020||European GVC/MNE access support||$30,000|
|Dec. 20, 2020||Innovation Assistance Program||$70,449|
|Apr. 12, 2021||Digital Biometric ID Card||$180,000|
Kelvin Zero received several grants from the Federal Government in the last few years. This is information available from Open Search Canada. Perhaps the most interesting of which was the Biometric ID Program.
Kelvin also describes their project as a way to “validate identity without ever accessing it”. The stated rationale is that if the identity isn’t accessed, then it’s not at risk for being compromised. The company is also working on developing a “universal digital wallet”.