• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
  • Home
  • News
  • Interviews
  • Thought Leaders
  • Jobs
  • Bulletin Board
  • About Us
  • Contact Us

Alberta Eyes Blockchain Technology as Canada Shifts Toward Digital Economy

May 12, 2023 by Knowlton Thomas Leave a Comment

Even as the Canadian government tinkers with a crypto-dollar, studies show that Canadian financial institutions and consumers are slow to adopt the latest financial technology innovations.

This trend could have major impacts on our global competitiveness, some experts believe. 

Digital finance technologies make economies more productive, efficient, and lead to creative new products and services, according to the Canadian Blockchain Consortium, which was founded to unite Canada’s blockchain developers and adopters as the country explores the technology’s “transformative potential.” 

The Alberta-born Consortium asserts Canada “urgently needs to develop a nation-wide strategy to catalyze adoption and remove roadblocks to our future progress.”

The organization conceited a panel of experts to ask important questions.

“Where are the critical regulatory, technological, and trust gaps that stand between us and modernization of our banking and payments systems—and what are the groundbreaking Canadian fintech solutions building bridges between our old and new economy?” the Blockchain Consortium asks. “Join a panel of expert leaders from blockchain and the next generation of financial services to discover how we can overcome obstacles to change and compete in an increasingly digital, borderless, and decentralized world.”

Moderated by lawyer Sam Gabor, the hourlong discussion features Pamela Draper, President and Chief Executive Officer, Bitvo and Pateno Payments; Paul Twigg, Chief Technology Officer, Digital Commerce Bank; Chelsea Hallick, Business Development Manager, Enterprise Technology, Calgary Economic Development; and Aamna Zia, Chief Executive Officer, Fuse.

The Canadian Blockchain Consortium was established in Alberta, where it hosted the Technology Symposium in April, an annual event which spotlights the region’s tech and innovation ecosystem. 

The organization believes blockchain technologies can boost the province’s annual GDP by up to $8 billion. 

And while financial-sector innovation is an obvious direction to take, the consortium posits that blockchain tech will be viable across industries, such as energy and logistics. 

The consortium also hosts the annual Canadian Blockchain Summit, which hit Contemporary Calgary in October to unite the local blockchain community and draw a roadmap toward a future digital economy.

Among the speakers were Bitcoin Well’s Adam O’Brien, NDAX’s Bilal Hammoud, Goodlawyer’s Brett Colvin, Tetra Trust’s Didier Lavallee, and Bitvo’s Draper, who is featured in the fintech panel discussion above.

Filed Under: News Tagged With: Canadian Blockchain Consortium

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Founding Partners

Bulletin Board

Exploring Women in Tech, Disrupting Startup Culture, and the Future of Alberta’s Innovation Ecosystem

Avenue's annual Innovation Event takes place on … [Read More...] about Exploring Women in Tech, Disrupting Startup Culture, and the Future of Alberta’s Innovation Ecosystem

Rogers and Shaw Mark Merger with Music and Community 

Calgary’s Shaw Communications and Rogers … [Read More...] about Rogers and Shaw Mark Merger with Music and Community 

Calgary Hosts A Hackathon To Discover Sustainable Agrifood Tech Innovations

SVG Ventures|THRIVE has announced the launch of … [Read More...] about Calgary Hosts A Hackathon To Discover Sustainable Agrifood Tech Innovations

Calgary Fintech Award Showcases 2022 Winners At Kick-off Event

Last year, Digital Commerce Bank and Platform … [Read More...] about Calgary Fintech Award Showcases 2022 Winners At Kick-off Event

TELUS Donates $5 Million to Alberta Fire Relief Efforts

In Alberta, devastating wildfires are spreading, … [Read More...] about TELUS Donates $5 Million to Alberta Fire Relief Efforts

Copyright © 2023 · Incubate Ventures · Privacy