Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...

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Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
MARCH 2021

Volume 2

Bitcoin in 2021: Mainstream
and Here to Stay
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Table of Contents
Page 3

Corporate Members

Page 4

Bitcoin 2021: Mainstream and Here to Stay

Page 5

Feature Profile: Arthur Salzer

Page 6

Special Industry Report

Page 7

Major Projects

Page 8

Emerging News Articles

Page 9

Article: Free and Fair: Bitcoins Power for
Financial Equality

Page 12

Upcoming Educational Classes

Page 13

Article: Technology Inclusion Takes an
Ecosystem

                                             2
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Table of Contents
Page 14

Podcast Interviews

Page 15

Article: Blockchain’s Solution for
E-Government

Page 21

Upcoming Webinars

Page 23

Directory

                                     3
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Digital Currency

CORPORATE

MEMBERS

    Finance

    Business

                     Legal

   Technology

    Energy

                                   4
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Bitcoin in 2021:
Mainstream and                                         The trickle-down effect of these major
                                                       investments has permeated to retail investors

Here to Stay                                           who may have spent years hearing about
                                                       Bitcoin, but were wary of investing before
It’s no surprise to the Canadian Blockchain            enough social proof was provided by famous
Consortium that cryptocurrencies have the              or corporate buyers. One Yahoo News survey
power to change the world, and it’s starting to        found that in the UK, an incredible 60% of
look like this is the year when Bitcoin will           people reported that they were planning to
become an immutable part of our financial              purchase BTC in 2021.

landscape. In 2021, the world’s biggest                As interest grows, the financial sector is
companies and most prominent business                  rushing to capitalize on this growing market —
leaders have started making large investments          and these investments in new services are
in Bitcoin, and this adoption is moving at an          some of the most certain signs that adoption is
unprecedented rate.
                                 well underway. Here are some of the
                                                       conventional financial institutions that have
Of all the high-profile Bitcoin investments this
                                                       recently announced BTC services:

year, the announcement by Tesla that the
company was taking a US $1.5 billion stake in
the cryptocurrency made the most headlines
                                                       BNY Mellon:

by far — a massive bet that has already
                                                       In a landmark move, the oldest bank in the
achieved a return over $300 million as the
                                                       United States announced in February that it
price continues to skyrocket. CEO Elon Musk
                                                       would begin offering BTC custodian services
has also announced that Tesla will be accepting
                                                       for its clients along with ambitious plans for
BTC as payment for its products.

                                                       future developments in the space, describing
While Musk is known for being                          digital assets as “becoming part of the
unconventional, other large recent Bitcoin             mainstream.”

investors are anything but. According to
research firm Chainalysis, BTC’s steep climb           PayPal:

since September 2020 has been fueled by                Designed to reduce the volatility of digital
traditional Wall Street funds and private              currencies, stable coins are cryptocurrencies
investors, including large hedge funds and             pegged to the value of another asset, like fiat
prominent billionaires. According to the               currencies, precious metals or another
report, investors with accounts that are less          commodity. In 2021, stable coins are predicted
than a year old and who bought at least 1,000          to expand beyond the cryptocurrency market
bitcoins, worth roughly $49 million at today’s         into conventional finance, and reach a market
price, have played a large role in BTC’s climb.

   cap of US $100B

                                                                                                    5
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Mastercard:

In a major move towards legitimizing crypto, payments giant Mastercard announced on February
10th that it will be creating new services to accept a range of yet-to-be named digital currencies
along with Bitcoin.

Morgan Stanley:

Reportedly speculating on a US $150 million Bitcoin bet, this century-old institution has also
recently been named as a participant in an upcoming BTC ETF by the New York Digital
Investment Fund.

Bitcoin’s growing role in the international financial system is something that has been predicted
and speculated about for years, and now, we’re seeing the beginnings of what the world look like
when BTC adoption becomes truly mainstream.
 We invite you to join us at the Canadian
Blockchain Consortium for our ongoing podcasts and panels that shine a light on the growing role
of Bitcoin and blockchain in our transforming global economy – please join us at our next event
featuring Arthur Salzar of Northland Wealth on March 1st 2021.

Arthur Salzar, CEO - Northland Wealth
Last year, Northland Wealth CEO and CIO Arthur
Salzer made a strong statement that Bitcoin should be
considered a new asset class with a place in classic
investment portfolios – and in 2021, that is exactly
what has begun to happen across the world. A
life-long innovator with a bold and strategic vision for
the future of Northland Wealth, one of Canada’s
leading family offices, Arthur is an award-winning
CFA with a background in economics. Featured in
major media outlets like Bloomberg, the Financial
Post and the Washington Times for his prescient
views and commentary, he is strong voice for Bitcoin
and the digital future of finance.

On March 1st , Arthur will be joining the Canadian
Blockchain Consortium Podcast to provide his unique
industry knowledge about this cryptocurrency’s rapid
adoption by mainstream finance, and how Bitcoin
holdings can be a new tool for optimizing investment
portfolios.
                                                                                    6
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Special Industry Report:

How Blockchain is Helping Emerging Markets “Leapfrog”
Around the world, developing countries are in a unique position — without the entrenched
technological systems found in more mature economies, they have the potential to skip
decades of slow evolution through “leapfrogging” ahead with the adoption of advanced digital
technologies. For these countries, their relative lack of infrastructure can become an
unexpected asset.

Created as a concept to describe how emerging markets can accelerate past the inferior, less
efficient and costly technological steps in a way that also supports sustainability and
entrepreneurship, leapfrogging is considered an optimal path that also supports trade,
entrepreneurship and ground-up economic development.

For example, the use of smart phones became ubiquitous in developing countries before
many areas had access to landline services, causing hundreds of millions of people to move
straight from limited communication into the connected digital age. These leaps forward have
a huge economic impact — according to the Economist, every 10% increase in mobile phone
ownership in developing nations resulted in a 1% boost to GDP.

Blockchain is growing as a source of this rapid technological advancement in many regions of
the world, including Africa, Asia and Latin America. The primary benefits of blockchain for
economic leapfrogging include:

Identity: without identification, people in developing countries are unable to access essential
services, formalize their businesses and join the global economy. Blockchain technology can
provide secure and self-owned digital identities under the control of the individual.

Accessibility: lack of access to traditional banking services keeps 1.7 billion people around the
world in poverty. Digital currencies are a key way that developing countries can skip over
traditional banking infrastructure to create secure, mobile-accessible and low-cost financial
services using blockchain.

       “I think bitcoin is really on the verge of getting broad
            acceptance by conventional finance people.”

                                        Elon Musk.                                                  7
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Blockchain is growing as a source of this
rapid technological advancement in many
regions of the world
                                                   Major Projects:
Trust: corruption, economic instability and        Trustchain:

political turmoil all cause a lack of trust in     This India-based project uses a
government-managed infrastructure,                 blockchain database to secure the
especially in finance. Immutable and secure,       financial and identity information of
blockchain technologies empower individuals        users, while providing a digital platform
to control their own financial identities and      for notifying the police of criminal
accounts.

                                       activity or identity theft

Efficiency: high operational and                   UN-Habitat:

administrative costs are significant barriers to   Designed to overcome war-torn
entrepreneurship in developing countries, and      Afghanistan’s lack of verified formal
low-cost, automated blockchain transactions        land registries, this United Nations
can help support the growth of new businesses      project is using blockchain to create an
and product exports.

                            immutable ledger for property
                                                   ownership by the country’s citizens
According to economist Hernando de Soto,           which will allow them.
blockchain technology has the power to
overcome major challenges facing people in         Creatanium:

developing countries — and it starts with          A run-down neighborhood on the
helping them taking power back from                outskirts of Phenom Penn in Cambodia
untrustworthy authorities.
                      is being redeveloped as the Creatanium
“They don’t want to be vulnerable to               Smart City, a blockchain-powered
something that can be used against them,” he       business and residential hub being built
said of people in emerging markets. “And that’s    as a model for using technology to
what’s interesting about the tamper-proof          overcome the challenges of fragmented,
blockchain — if you can get the right message      paper-based city services management
about it out there, [people will see] that it’s    in the developing world.
worthwhile recording yourself.”

                                                                                               8
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Emerging
 News:                                                A new report to the Biden-Harris administration in
                                                      the US is urging the government to plan for a digital
                                                      dollar and the integration of cryptocurrencies:

                                                         READ MORE

TrustBix Inc. Expands Its BIX Platform into Biomass   Canada has given its formal approval for the launch of
and Waste Diversion with All West Demolition Ltd.     new Bitcoin exchange-traded funds by 3iQ and
and Innovation Reduction Strategies Inc.              Purpose Investments after a lengthy approval period:

   READ MORE
                                                         READ MORE

                                                      A US blockchain company is planning an innovative
A report from DappRadar shows that                    digital community in Nevada where all aspects of life,
blockchain-based gaming exploded in 2020, driven by   from identity and banking to property registries, will
the strong markets for trading in-game assets:        be recorded on-chain:

   READ MORE                                              READ MORE

                                                                                                               9
Bitcoin in 2021: Mainstream and Here to Stay - MARCH 2021 - Canada Blockchain ...
Around the world, an astonishing 1.7 billion
Koleya Karringten                                 people are “unbanked” — meaning that due to

Free and Fair:                                    their remote locations, lack of identification or
                                                  limited resources, they have no access to either
Bitcoin’s Power                                   conventional or mobile financial services.

for Financial                                     Without bank accounts or credit, the unbanked
                                                  can only participate in underground cash
Equity                                            economies, with no safe way to store money or
                                                  easy way to transact at a distance. It dooms
Bitcoin has come a long way since it first        people to being trapped in a cycle of poverty
developed its (mostly) undeserved                 over generations.

reputation as just the secret currency of
                                                  The scale of the problem is staggering, with a
choice for drug dealers and the Dark Web.
                                                  heavy concentration in the poorest nations. 80%
It’s always had a strong value proposition
                                                  of sub-Saharan Africa is unbanked, along with
and plenty of investment by individuals
                                                  more than 65% of adults in the Middle East and
from all walks of life and even
                                                  875 million people across East and Southeastern
governments, but with announcements in
                                                  Asia.
recent months that major companies like
PayPal, Tesla and a long list of investment
funds are taking stakes worth billions,
Bitcoin’s legitimacy is no longer in
question.

Bitcoin’s reputation as a respected store of
value and intelligent investment is growing
every day. But fewer people are aware that
this is only part of this innovative
cryptocurrency’s potential. The same
decentralization, accessibility and security
that make it the next evolution of our
financial system give it the power to help
lift people in developing countries out of
poverty and support a fairer and freer
world, in some very important ways.

The first way is by providing access to
something that no one can prosper without.

                                                                                                      10
“Including the poorest in the financial     I believe that Bitcoin can be a powerful
 system increases the value of their assets,   force for inclusion by providing a safe
transforming the underlying economics of       and accessible way for people to
financial services through digital currency    exchange value, safely store their money
    — helping those who live in poverty        and securely carry their financial
                  directly.”
                 identities with them wherever they go.

                -Bill Gates

                                               This leads into the second benefit of
 Even in the relatively wealthy regions of
                                               Bitcoin for social justice — it’s a safe
 Western Europe and North America, 60
                                               haven from the corruption, theft and
 million people lack access to even basic
                                               currency insecurity that makes even
 financial services. According to Bill
                                               conventional finance dangerous in the
 Gates, helping the global unbanked build
                                               developing world. Nigeria, the
 their “financial identities” and access
                                               second-largest Bitcoin trading market in
 services is a critical path to increasing
                                               the world, recently imposed strict rules
 prosperity.

                                               that virtually prevented its citizens from
                                               accessing remittance services for money
 Risk-averse financial institutions have
                                               sent from abroad.

 long shied away from engaging with the

 (unprofitable) unbanked, and their high
                                               With claims that this sweeping policy
 standards for identification and initial
                                               was necessary to prevent the financing
 deposits are an impossible bar for many
                                               of terrorism, the country crippled the
 impoverished people to meet. However,
                                               ability of its citizens to remotely work
 according to the World Bank, 60% of
                                               overseas or accept money sent from the
 people without banking services have
                                               large global Nigerian diaspora.

 access to a smartphone and internet
 connection, opening the door for a fairer
 and more equitable system to step into           ‘‘In the next couple of weeks, things
 the gap where conventional finance is         may feel weird and people may have to
 happy to fail more than a billion and a        learn new ways to deposit money into
 half people.

                              their crypto wallets. But things will pick
                                                        up after that. I don’t expect
 It’s shocking to me that the global              cryptocurrency trading to decline. I
 financial system simply accepts a world         actually believe the CBN’s policy has
 where they deny access to such a                      made crypto more popular.”

 massive proportion of the planet, and             Abubakar Idris, Nigerian financial
 this says to me that it’s time for                              journalist.

 something completely new.                                                              11
At the same time, the Nigerian government also      Central Banks can order financial institutions
tried to prohibit Bitcoin, ordering banks to shut   to no longer accept payments from overseas
down accounts tied to exchanges and prevent         and impose rules on payments services like
money transfers to purchase cryptocurrencies.       PayPal. But they have no power against Bitcoin
The difference is that centralized governments      — and in turn, this is Bitcoin’s power. I have no
can’t control Bitcoin the way they can restrict     doubt that, as journalist Abubakar Idris wrote,
access to the traditional financial system.         crypto will become even more popular in the
According to local reporters and technology         wake of the CBN decision. How could it not,
companies, Nigeria’s cryptocurrency sector is       when the mainstream financial system has
already developing workarounds to the ban           proven itself to be an enemy of the people?

and helping customers find other ways of
                                                    Even just in recent history, there are so many
funding their accounts.

                                                    cases around the world of irresponsible
According to many in Nigeria, the punishing         currency devaluations that send people into
CBN decision had nothing to do with                 deep poverty, unfair capital controls that hit the
preventing terrorism financing. There is a          poor the hardest, and punitive political
widespread and understandable belief that was       restrictions on banking services for those that
really retaliation against a decentralized          dare to speak out against inequity. The only
movement sweeping the country in protest            viable alternative needs to be outside of the
against rampant police brutality and                control of governments who prove time and
government corruption. If this is true, then to     again that they act in their own interests, not in
combat this movement for social justice, the        those of their people.

government chose to wage financial warfare
                                                    My big hope for 2021 is that people
against its own citizens.

                                                    everywhere will continue to wake up to the
                                                    understanding that there can be no justice in a
“The real argument against Bitcoin is               world where 1.7 billion people are excluded
 that it’s a system authorities cannot              from the financial system — and where for
                 control.”

                       those inside it, governments can destroy
                                                    people’s income and security to force their
               -Paul Vigna
                        compliance. The only viable alternatives must
                                                    be outside of these corrupt structures, and I
                                                    believe that Bitcoin embodies kind of financial
                                                    freedom and fairness that so many in the world
                                                    urgently need.

                                                                                                  12
UPCOMING FREE EDUCATIONAL
        CLASSES:
 March 18th 11:30 Am MST —
   April 15th 11:30 Am MST —

       12:30 PM MST                   12:30 PM MST

        REGISTER NOW                  REGISTER NOW

                                                             13
Technology Inclusion Takes an

                                       Ecosystem

In 2020, it was strongly established that Canada’s digital industries will shape its economic

future – but at less than 25% of the technology workforce, women are at a serious risk of being

left behind. The Canadian Blockchain Association for Women (CBAW) has launched a new

initiative, Project TeachHer, that will provide specialized grants to women seeking to grow or

upgrade their digital technology skillsets.

Canada suffers from a major shortage of the kind of skilled technology talent needed to build its

new digital economy, and CBAW believes that women are an untapped resource that with the

right support, can be an essential part of this economic transformation. However, across all

industries, companies are struggling to hire and retain women in specialized technology careers.

TeachHer was developed to support both women in tech and corporate diversity. Grants are

administered by an expert panel of members of Canada’s tech industry, with a focus on coding

and other development skills. Each corporate grant sponsor will receive an interactive and

engaging learning session from CBAW on the challenges facing women in technology, personal

insights from CBAW members, and strategies for how companies can attract and keep an

inclusive tech workforce.

Executive Director Alexis Pappas said that the project was an important way for CBAW to help

empower women as they start or grow their technology careers during this challenging

economic time. “We’ve had great interest in TeachHer so far, and feedback that it really hits at

some critical issues for both women in tech and companies seeking to become more inclusive.

On both sides, it’s all about the importance of education, and with our sponsors, we’re excited to

share the unique knowledge we’ve gained as women in one of the least diverse areas of tech.

Our vision is to build an ecosystem of partners that will help bridge this gap to support more

diverse talent pipelines in technology.”

The group is also planning a special virtual Leadership Masterclass featuring advice from

talented women from Canada’s technology sector, scheduled for May 2021. CBAW is engaging

with diverse groups in the public and private sector to build partnerships for TeachHer and

encourages potential partners or corporate sponsors to get in touch to learn more about the

project or how they can get involved in upcoming events.

Discover more: www.cbaw.io

Contact: alexis@cbaw.io

                                                                                                     14
UPCOMING INTERVIEWS:
  March 1st, 2021
             March 15th 2021

  Arthur Salzar                 Hubert Lau

     Previous Interviews
     LISTEN NOW

   Matthew McGuire

                     Are you or someone you know
                     doing incredible things in the
                        blockchain space? Email
                      info@canadablockchain.ca.

       LISTEN NOW
                                                  15
Saying so because it plays a vital role in

Blockchain                                      simplifying things and making them
                                                transparent for the user or public in the case.
Solutions for                                   E-government is the use of technology to

E-Government                                    provide better services to citizens. It is a way
                                                for citizens to assess their governments and
                                                institutions in a better and more efficient way
                                                with transparency. In addition, for the
A blockchain is a growing list of records,      government, it is a way to govern and serve the
called blocks, which are linked together        citizens in a better way with ease and
using cryptography. Blockchain is designed      accountability. All these things were initiated
in a way that it resists change. It can be      with the use of cryptocurrency but are not only
summarized as an open distributed ledger        bound to be used in the financial terms. It has
that can record transactions among parties      been used and is being used in many other
efficiently that can be verified and is         fields too. To account, the revolutionary impact
permanent. Blockchains are decentralized        of blockchain on e-governments, the following
that makes them less prone to failure. There    are some markdowns,

are lesser risks of fraud transactions. The
blockchain ledger is transparent and gives
users the authority over their property.        Better communication

Being distributed, irreversible, and more       Blockchain has made communication easier
secure, blockchain has virtually everything     and efficient. It has revolutionized G2G
that can replace our common practices and       (government to government), G2C
the way we manage, store, and use data for      (government to citizen), C2G (citizen to
our interest.
                                  government), G2E (government to employee),
Considering the usability and vast              and G2B (government to business)
acceptance of blockchain, it has made clear     communications, making them more
standing in almost all the fields. It is        fashioned and through proper channels.
standing high in our daily lives and is being   Therefore, it is easy for governments to keep in
used in all sectors from video gaming to        touch with stakeholders and easier for
banking and even health care management         stakeholders to get in touch with the
systems. However, it wouldn’t be wrong to       governments as it was a hell of a mess.
say that the most important and marking         Blockchain is enabling citizens to get directly
use of this technology is in E-Government.      in touch with the governments and concerned
                                                institutions for their assistance and help.
                                                                                              16
Better surveillance:
                                Citizens’ identity:

E-government, in cooperation with blockchain         One of the main problems of governments is

technology, is assuring us a better and secure       bogus identities and fraud. E-governments

life. Law-making institutions are now enabled        tried to encounter this problem using

with the capability to keep an eye on everyone       digitization but still, it is possible to breach the

without even being noticed or making                 classical systems. Luckily! Blockchain

someone uncomfortable. Better tracking of            technology has the cure. Blockchain backed

criminals, better predictions with the help of       systems can provide a digital identity. It cannot

artificially intelligent decision support            be corrupted, fabricated, or scammed. Single

systems, and reward systems for good                 identity can be used for all the systems, for

practices are making it more secure and              example, the bank account or the utility

liveable for the citizens. This results in citizen   services or any kind of license. It is also easier

satisfaction rates.
                                 and efficient for governments to track, help,

                                                     and provide services to their citizens at their
Better delivery and check system:

                                                     ease too. With such digital identities, it is also

Blockchain technology being irreversible and         safe for citizens as their data is on private

fully transparent has empowered citizens to          ledgers and cannot be accessed by

keep an eye on what the government is doing          unauthorized persons.

and how things are going in the country.
                                                     More transaction transparency:

Citizens can transparently see what is going

on in their tax money and how the power is           Being permanent and immutable, blockchain

being utilized. No authority can temper the          provides a better and more efficient way to

data and mislead citizens into false decisions       track financial transactions. It also improves

when the time comes for them to choose the           the techniques that are used to tackle financial

government.
                                         frauds. No one can deny their transactions as

                                                     all the transactions are on the name of the
Better voting system:

                                                     initiator and are immutable. This proves the

Blockchain technology can revolutionize the          initiator guilty of any kind of misdeed. Every

way we vote and the way a ballet works. A            penny can be tracked and get rid of illegal

seamless, decentralized, secured, and trusted        money laundering. Moreover, an efficient

voting system is the state of the art system we      money trail is attached to their owners too.

can build using the technology. This system

ensures NO RIGGING, transparent results

without any pressure and in no time. Results

will be just ready as the voting time ends.

There can be no more pure elections than

those run on this system.                                                                                 17
Byzantine problem:
                               Better e-visa:

Same as the system can track transactions, it     E-visa systems on revolutionary technology
can also track money and get rid of the           can change the way people get visas and travel
byzantine problem i.e. multiple uses of the       the world. Blockchain systems can track all the
same money. A blockchain system ensures the       records of the citizens in minutes. They let the
rid of the byzantine problem, unlike classical    authorities know their past activities whether
systems that are unable to track money            they were good or bad. It also lets them make a
properly. Blockchain systems are more             data-backed result, accepting or rejecting the
secured so are difficult to corrupt and hack      visa applications. Moreover, the citizens can
into the system. Since each and every penny       also be tracked anywhere in the world as the
in the system is tracked and cannot be used       systems would be interconnected via G2G
multiple times and creates fuss about the         communications, that are allowed by the
byzantine problem.
                               governments itself.

Corruption:
                                      Land-marking system:

Blockchain systems, tracking both money and       The illegal arrogation of land and properties
transactions, are more likely to eradicate        can be minimized and eventually eradicated by
potential chances of corruption as the culprit    these kinds of systems as there is no single
is now in hand and is more accessible to the      authority. Moreover, the systems are
authorities. Immutability and security make it    decentralized, secured, and backed up so, no
more difficult for culprits to avoid the          evil can prevail in the environment, and
consequences. In addition, helps the security     culprits will be tracked and punished in the
agencies to catch the criminals.
                 meantime. There are many other uses of
                                                  blockchain systems that can change the way
Criminal recording:
                              people live and the way governments serve the
State of the art criminal record systems are      citizens. These systems are not only proposed
being proposed and designed using                 but are being run and influencing the lives of
blockchain technology. The system tracks an       millions. Some of the common examples are,
efficient record of criminals and helps the
law-making institutions to track, screen, and
arrest criminals in virtually no time. These
systems can scan on airports, seaports, and all
the entrances of an area and filter out
malicious persons based upon their previous
records.

                                                                                                18
Dubai:
                                             It’s a platform that even allows users to upload
                                                    their own courses, tutorials, and certification that
Dubai is one of the first countries to adopt
                                                    others can avail.

blockchain technology for good governance
and deliver its citizens. It has been in the game   The blockchain platform as a service (BPaaS) is
since the time when it wasn’t so common as of       the third and most impactful idea proposed for
now. Dubai is on its goal to be the first           the smart city. It is the digital identity for all the
full-fledged blockchain-backed city by 2021,        residents of the country be it citizens or other
and we can see the progress to their goal by        workers all their identities are to be digitized over
now. With the help of the private and public        blockchain technology. All the e-visas are now on
sector and with the involvement of all the          blockchain and are more efficient to track and
stakeholders, be it citizens or government or       issue more visas and work permits. This system
businesses or firms, they planned the Smart         is all scalable and cost-efficient and is capable of
City. Apart from using blockchain for voting        pay as you go service that means one can pay just
and community building, they made 3 goals           by their identity and all this in just in seconds
that are almost completed by now.
                  with ease and no hassle of lines and stuff.

Going paperless was one of the goals that           Egypt:

seemed impossible as scanning and storing
                                                    Egypt is also looking to get into blockchain and
millions of papers is not a child’s play.
                                                    take the most out of it. Just months back Egypt’s
However, Dubai proved everyone wrong and
                                                    first blockchain venture started as the Egypt
is just about to accomplish their goal. It is
                                                    National Bank turned digital with blockchain
investing millions in going paperless. All the
                                                    technology to boost the remittance business that
previous records, be it bills or challans or any
                                                    is around $600 billion industry. Egypt is the fifth
other documents, are now being digitized and
                                                    largest country in terms of remittances
all this system is backed by blockchain
                                                    worldwide with $24.6 billion (2019) standing
technology. Adopting Blockchain technology
                                                    next to India, China, Mexico, Philippines.
Dubai stands to unlock 5.5 billion dirhams in
                                                    Remittances are the money or other valuables
savings annually in document processing
                                                    sent by the migrants to their families and
alone — equal to the one Burj Khalifa’s worth
                                                    according to the World Bank, this is going to
of value every year. — Smart Dubai

                                                    cross 600 billion by the end of 2020. The
Smart City University in cooperation with           national bank is now a part of the ripple net
Dubai Future Foundation is a decentralized          network, which incorporates more than 300
learning platform that aims at the                  banks worldwide which means Egyptians can
development of digital skills. Smart City           send and receive money anywhere in the world
University aims to increase the digitally           just in seconds, all thanks to the GOAT
skilled talent by 10 percent in UAE by the end      blockchain.
of 2020 and even more in upcoming years.                                                                     19
European Union:
                                   Conclusion:

European cooperation has a holistic approach       In conclusion, blockchain technology is a
towards blockchain. It is aiming to put Europe     revolution that can transform the way we live
at the forefront of blockchain technology. EU      in this world, do our routine businesses, and
allies are joining the initiative one after        play our part in society. It is going to
another and growing exponentially.
                transform the way we pay, visit different parts
                                                   of the world, learn, teach, and virtually
The European Commission has also launched
                                                   everything. These ideas are not just ideas but
the Blockchain Observatory and Forum with
                                                   are also implemented in different parts of the
the full support of the European parliament. It
                                                   world as discussed. Moreover, it has shown a
will highlight key developments of blockchain
                                                   more brilliant effect than predicted and is still
technology, promoting European actors and
                                                   surprising us every day. My suggestion is to
prospects, and re-enforcing European
                                                   adopt the new technology as soon as possible
engagement in the worldwide blockchain
                                                   to get the most out of it.

activities, involving multiple stakeholders.
This initiative will surely help Europe to
engage in new opportunities, build expertise,
                                                   Blockchain is the technology from the future
and workforce and appear as a leader in
                                                   and the earlier we accept it the better it is for
technology. The Blockchain Observatory will
                                                   us to emerge as a leader with more
be gathering information, monitoring and
                                                   opportunities for us. We should learn from
analyzing trends, addressing challenges and
                                                   others, keep on their success paths, and try to
problems, and exploring more socioeconomic
                                                   avoid the mistakes they have made. We have
potential gateways for blockchain.

                                                   shown efforts to get into the stream but it is
                                                   not enough as the trends are changing in just a
                                                   matter of days and we should really take it as a
Malaysia:

                                                   serious business.

Malaysia is using blockchain technology for
surveillance via drones and satellites. These
drones, satellites, and other sensors send
real-time data to end-users for considerable
                                                   Article Written by:

actions. The most important feature of this
system is that it sends an integrated display of   ProofSys Inc.

the National Security Surveillance Picture to
authorities informing potential threats so that
it can be eradicated.

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                                22
Canadian                                    Coinsquare

                                            Address: 590 King St W, Toronto, ON M5V
                                            1M3

Blockchain                                  Phone: +1 877-620-9006

                                            Website: coinsquare.com

                                            Contact: support@coinsquare.com

Directory                                   DLT Labs

                                            Address: 55 University Ave 12 Floor, Toronto,
                                            ON M5J 2H7

                                            Phone: 647-350-8972

                                            Website: dltlabs.com

FINANCE
3IQ
                                       Contact: info@dltlabs.com

Address: 40 King St. West, Suite 1700,
Toronto, ON M5H 3Y2
                       Dominion Blockchain Solutions

Phone: 416-639-2130
                       Address: 250 Yonge Street, Suite 2201, Toronto,
Website: 3iq.ca
                           ON M5B 2L7

Contact: info@3iq.ca

                    Phone: 647-477-7767

                                            Website: dombit.ca

Bidali
                                    Contact: info@dombit.ca

Address: 630 8 Ave SW #600, Calgary,
AB T2P 1G6
                                DVeX

Phone: +1 866-302-4084
                    Address: 370 King Street West, Suite 701,
Website: www.bidali.com
                   Toronto, Ontario M5V 1J9

Contact: support.spend@bidali.com

       Website: dvex.io

                                            Contact: support@dvex.io

BIGG Digital Assets

Address: 1199 West Pender Street Suite      Ninepoint Partners

410 Vancouver, BC V6E 2R1
                 Address: 200 Bay St Suite 2700, Toronto, ON
Phone: 778-819-8704
                       M5J 2J1

Website: biggdigitalassets.com
            Phone: +1-888-362-7172

Contact: info@blockchaingroup.io

        Website: ninepoint.com

                                            Contact: invest@ninepoint.com

BitBuy

Address: 110 Cumberland St, Toronto,        RevoluGROUP

ON M5V 3V5
                                Address: Suite 1610 - 777 Dunsmuir Street
Website: bitbuy.ca
                        Vancouver, BC Canada V7Y 1K4

Contact: contact@bitbuy.ca.

             Phone: 604-687-3376

                                            Website: revolugroup.com

Bitcoin Well
                              Contact: info@RevoluGROUP.com

Address: 10142 82 Avenue NW,
Edmonton, AB T6E 1Z4
                      StableCorp

Phone: +1-888-711-3866
                    Address: 2967 Dundas Street West, #922,
Website: bitcoinwell.com
                  Toronto, ON M6P 1Z2

Contact: help@bitcoinwell.com.

          Phone: +1-833-862-4886

                                            Website: stablecorp.ca

Bitvo
                                     Contact: info@stablecorp.ca

Address: 500 4 Ave SW #2500,
Calgary, AB T2P 2V6
                       The AML Shop

Phone: +1-833-862-4886
                    Address: 130 Queens Quay East, West Tower,
Website: bitvo.com
                        Suite #506, Toronto, Ontario M5A 3Y5

Contact: support@bitvo.com.

             Phone: 1-877-701-0555

                                            Website: theamlshop.ca

Blockchain Foundry Inc.
                   Contact: contactus@theamlshop.ca

Address: 2300 Yonge Street, Suite
1600, Toronto, ON M4P 1E4
                 Virgo CX

Phone: 604-644-8767
                       Address: 45 Sheppard Ave E Suite 803, North
Website: blockchainfoundry.co
             York, ON M2N 5N1

Contact: sales@blockchainfoundry.co

   Phone: 416-583-1838

                                            Website: virgocx.ca

                                            Contact: support@virgocx.ca

                                                                                              23
WCSB Blockchain Infrastructure

Canadian                                   Address: 1500, 250 - 2 Street SW
                                           Calgary, Alberta T2P 0C1

                                           Phone: 587-475-0210

Blockchain                                 Website:
                                           www.tidewatermidstream.com

Directory
                                           Contact:
                                           info@tidewatermidestream.com

                                           AGRICULTURE
                                           Grain Discovery

MINING                                     Address: 461 King St W 3rd floor, Toronto,
Bitfarms
                                 ON M5V 1K4

Address: 1376 Bayview Ave, Unit 1,         Website: graindiscovery.com

Toronto, ON M4G 3A1
                      Contact: info@graindiscovery.com

Phone: 514-277-3508

Website: bitfarms.ca
                     eXeBlock Technology

Contact: info@bitfarms.io

              Address: Suite 280 - 1090 W Georgia Street
                                           Vancouver, BC V6E 3V7

Cryptologic
                              Phone: 604-899-0106

Address: 5 Hazelton Avenue, Suite 300.     Website: exeblock.ca

Toronto, Ontario M5R 2E1
                 Contact: rrandall@exeblock.ca

Phone: 647-715-3707

Website: cryptologic.com
                 Farmers Edge

Contact: investor@cryptologic.com

      Address: 25 Rothwell Road, Winnipeg, MB
                                           R3P 2M5

DMG Blockchain
                           Phone: 1-866-724-3343

Address: 795 Hwy 395, Christina Lake,      Website: farmersedge.ca

BC. V0H 1E0
                              Contact: support@farmersedge.ca

Phone: 778-300-6115

Website: dmgblockchain.com
               TrustBIX

Contact: investors@dmgblockchain.com

   Address: 10607 82 St NW 2nd Floor,
                                           Edmonton, AB T6A 3N2

HIVE Blockchain
                          Phone: 780-456-2207

Address: 555 Burrard Street Vancouver,     Website: trustbix.com

British Columbia V7X 1M8
                 Contact: info@trustbix.com

Phone: 604-664-1078

Website: hiveblockchain.com

Contact: info@hiveblockchain.com

HUT 8

                                           ENERGY AND RESOURCES
Address: 130 King Street West, Suite       GuildOne Inc

1800. Toronto, Ontario, M5X 2A2
          Address: 333 5 Ave SW #940, Calgary, AB
Phone: 1-647-256-1992
                    T2P 3B6

Website: hut8mining.com
                  Phone: 403-209-3001

Contact: info@hut8mining.com

           Website: guild1.com

                                           Contact: support@guild1.com

Mining Colocation

Address: 7007 Islington Ave,               Mavennet

Woodbridge, ON L4L 1V8
                   Address: 129 Spadina Ave, Toronto, ON
Phone: 647-361-7442
                      M5V 2L3

Website: miningcolocation.com
            Website: mavennet.com

Contact: sales@miningcolocation.com

    Contact: info@mavennet.com

vBit Technologies
                        Peer Ledger

Address: 6403 Burbank Rd SE, Calgary,      Address: 1505 Barrington St #246, Halifax,
AB T2H 2E1
                               NS B3J 3K5

Phone: +1-877-220-4518
                   Phone: 902-452-6140

Website: vbitmining.com
                  Website: peerledger.com

Contact: marketing@vbitmining.com
m

    Contact: sales@peerledger.com

                                                                                        24
Canadian                                     Digital Finance Institute

                                             Address: 30 Wellington St W 5th Floor,

Blockchain                                   Toronto, ON M5L 1B1

                                             Phone: 604-601-2046

                                             Website: digitalfinanceinstitute.org

Directory                                    Contact:
                                             admin@digitalfinanceinstitute.org

                                             DIACC

                                             Address: 720 King Street West, Suite 302.
                                             Toronto, ON M5V3S5

                                             Website: diacc.ca

                                             Contact: info@diacc.ca

EDUCATION AND
RESEARCH
Blockchain Research Institute

Address: 111 Peter St Unit 503, Toronto,     DIGITAL IDENTITY
ON M5V 2H1

Phone: 416-863-8809
                        Bluink

Website: blockchainresearchinstitute.org
   Address: 137 Second Ave, Ottawa, ON
Contact:                                     K1S 2H4

info@blockchainresearchinstitute.org

     Phone: 613-695-9585

                                             Website: bluink.ca

Blockchain Finance Academy
                 Contact: info@bluink.ca

Address: 8888 Keele Street Vaughan, ON
L4K 2N2
                                   1D Networ  k

Phone: 905-669-8858
                        Address: 204, 240 11th Ave SW, Calgary
Website: bf.academy
                        AB T2R 0C    3

Contact: info@bf.academy

                 Phone: 647-215-8580

                                             Website: 1dnetwork.com

Canadian Blockchain Consortium
             Contact: support@1d.networ    k

Address:

Phone:
                                    SecureKey Technologies

Website: canadablockchain.ca
               Address: 4101 Yonge St #501, North York,
Contact: info@canadablockchain.ca

        ON M2P 1N6

                                             Phone: 416-477-5625

Canadian Blockchain Association for          Website: securekey.com

Women
                                      Contact: info@securekey.co  m

Address: 510 6th Ave SE, Calgary AB T2G
1L7
                                        Terrahub Technologies

Phone: 647-215-8580
                        Address: Suite 1500, 125 9 Ave SE,
Website: cbaw.io
                           Calgary, AB T2G 0P6

Contact: info@cbaw.io

                    Phone: 403-968-8471

                                             Website: terrahub.ca

Canadian Blockchain Supply Chain             Contact: info@terrahub.ca

Association

Address: 1403 Rue Denault, Chambly, QC
J3L 0C4

Phone: 438-800-2311

Website: cbsca.ca

Contact: info@cbsca.ca

                                                                     ’
                                              We are Canada s largest not
                                                  for profit industry
CryptoChicks
                                                  z
                                               organi ation dedicated to
Address: #1109 33 Singer Crt, Toronto,
ON, M2K0B4

Phone: 1-833-224-4257

                                                 supporting Canada s               ’
Website: cryptochicks.ca
                      technology ecosystem
Contact: stayintouch@cryptochicks.ca

                                                                                         25
Canadian                                    ITM House

Blockchain
                                            Address: 260 Carlaw Ave, Toronto, ON
                                            M4M 3L1

                                            Phone: +1-833-486-3387

Directory                                   Website: itmhouse.com

                                            Contact: info@itmhouse.com

                                            TTT Studios

                                            Address: 777 Dunsmuir St #1250,
                                            Vancouver, BC V7Y 1G6

                                            Phone: +1 888-315-4476

                                            Website: ttt.studio

DEVELOPEMENT                                Contact: info@ttt.studio

Antino Labs Private Limited
              Winterwind

Address: 13352 105a Ave, Surrey, BC V3T     Address: 3168 Riverwalk Ave, Vancouver,
2A5
                                       BC. Canada

Phone: (236) 880-7362
                     Website: winterwind.com

Website: antino.io
                        Contact: anthony@winterwind.com

Contact: info@antino.io

Aversan Labs

Address: 30 Eglinton Ave W, Mississauga,
ON L5R 3E7

Phone: (416) 289-1554

Website: aversanlabs.com

Contact: info@aversanlabs.com

Bitswift Technology Solutions

Address: 556 O'Connor Dr #123b,
Kingston, ON K7P 1N3
                     WANT TO BE LISTED
Phone: (613) 766-1110

Website: bitswift.tech
                    IN THE CANADIAN
Contact: hello@bitswift.tech

                                               BLOCKCHAIN
Brainsmiths Labs

Address: 26730 56th Ave, Unit 103              DIRECTORY?
Aldergrove BC V4W 3X5

Phone: +1-818-284-6556
                     PLEASE SUBMITT
Website: brainsmiths.com

Contact: support@brainsmithlabs.com

    YOUR REQUEST TO
Gyroscopic Inc.
                          INFO@CANADABLO
Address: 270 George St N #301,
Peterborough, ON K9J 3H1
                     CKCHAIN.CA
Phone: (647) 885-7687

Website: gyroscopic.ca

Contact: contact@gyroscopic.ca

HebronSoft

Address: 70 King St. West Suite 805
Toronto, Ontario.

Phone: +38-097-821-8443

Website: hebronsoft.com

Contact: сontact-us@hebronsoft.com

                                                                                      26
December 2020

canadablockchain.ca

Contact Us: info@can adabloclkch ain.ca

Location: Calgary, Alberta

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