Category: Canada

Deloitte to Assist Insurance-Focused Blockchain Consortium to Expand Into Canada

‘Big Four’ audit and consulting firm Deloitte will help The Institutes RiskBlock Alliance blockchain consortium expand into Canada, according to an announcement published September 25. RiskBlock Alliance is a U.S.-based consortium launched in 2017, which focuses on the application of blockchain technology in the insurance industry, with more than 30 participant organizations. The alliance is reportedly […]

Bank Of Canada Says Blockchain Effective For Securities Settlements, Questions ‘Benefits’

Canada’s central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada, completed tests showing blockchain can be used for instantaneous securities settlements, Reuters reports today, May 11. The three companies concluded that blockchain, the technology originally developed for cryptocurrencies such as Bitcoin (BTC), is usable for automating securities settlements in real time. […]

IBM And Major Banks Blockchain Partnership Reports First Live Pilot Transactions

IBM’s partnership with international banks to develop a Blockchain trade finance platform called Batavia has resulted in the platform’s first live pilot transactions, according to a press release published today, April 19. IBM, the Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, and the United Bank of Switzerland (UBS) began work on the initiative last […]

Canadian Financial Regulator Warns Of Potential Scam,… | News

New Brunswick, Canada’s financial watchdog warned cryptocurrency investors of a potential scam website Bitcoin-bank.io that claims to be a “cryptobank” in an investor alert published Monday, Feb. 5. According to the statement, the Financial and Consumer Services Commission (FCNB) started investigating the company profile after Bitcoin-bank.io appeared in ads on a Canadian online classified website. […]