OTTAWA – The Information and Communications Technology Council (ICTC) has announced plans to further develop a nationwide blockchain ecosystem.
In collaboration with ColliderX, the Blockchain Association of Canada, the Blockchain Research Institute, and Blockchain Canada, ICTC said that the new blockchain ecosystem will commence activities January 1, 2018 and facilitate collaboration on intellectual property, investment, knowledge-sharing, education, and trade plus will support appropriate regulatory activities.
Through this initiative, ICTC estimates that Canada’s blockchain market will reach $2.5B (CAD) and create approximately 107,700 jobs by 2024.
Like the first generation of the Internet before it, ICTC says that the second generation based on blockchain will transform every industry by driving innovation and growth, particularly for small and medium-sized enterprises.
“Canada is a leader in blockchain technology, but it’s critical we take action to maintain our digital advantage for years to come,” said Blockchain Research Institute co-founder and executive chairman Don Tapscott, in the news release. “This initiative is one of the critical ways we can assure Canada leads the second era of the digital revolution.”
