Canada is already an AI leader, now Toronto wants to lock down blockchain

Blockchain is often associated with cryptocurrencies such as Bitcoin, but this is just one way that this technology can be used.Associated Press

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The FP set out explore what is needed for businesses to flourish and grow. We talk to some of the innovators, visionaries and scientists on the cutting edge of the new cutthroat economy about a blueprint for Canadian success. You can find all of our coverage here.


Toronto Mayor John Tory has declared the week of April 22nd, Toronto Blockchain Week, to “celebrate and promote blockchain innovation in the City of Toronto.” Over the course of the next few days, thousands of people will descend on the city to attend more than 50 events that will showcase the ground-breaking work of Canadian and global businesses, governments and startups, who are harnessing the blockchain to build a new “internet of value.”

Blockchain is often associated with cryptocurrencies such as Bitcoin, but this is just one way that this technology can be used. Blockchain is the first native digital medium for value, a “trust protocol” that allows parties to transact and do business without intermediaries or middleman.

It holds the potential to transform not only how we move, store and manage financial assets, but also allows us to finally rethink many of our institutions and address global problems such as financial inclusion, privacy and identity. It is also critical to Canada’s (and Toronto’s) transition to a prosperous and thriving knowledge economy.

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