The term “fourth industrial revolution” was first used by the World Economic Forum (WEF) in 2016. It represents a new era of technology and industry in our global society characterized by a handful of new technologies: blockchain, the internet of things (IoT), artificial intelligence (AI), and machine learning (ML). Our society’s first industrial revolution began…

The National Bank of Canada is pushing forward with its goal to use blockchain in its trade finance services to improve processing times, reduce risk, and improve business relationships. A recent pilot with IT consulting firm CGI and blockchain technology company Skuchain has produced a blockchain-based negotiation tool for use in the financing element of…

Air Canada recently followed Air France, KLM, Lufthansa, and others to partner with blockchain startup Winding Tree and join its blockchain-based air travel marketplace. Air Canada is set to join a decentralized, open-source platform, for travel agents to make more direct travel arrangements for their clients. The new travel distribution platform will give travel agents…

The Canada Border Services Agency (CBSA) will pilot the TradeLens blockchain-enabled solution to track the flow of travellers and trade across the Canadian Border. The CBSA deals with over 58,000 commercial release documents, 14,000 trucks, 240,000 items of mail and 127,400 courier shipments daily while collecting over $88 million CAD in duty and taxes. With…

At Devcon 4, Ethereum revealed its plans to achieve Ethereum 2.0, an essential evolution if the blockchain is going to maintain its lead in the space. Devcon is the annual Ethereum conference for blockchain developers and researchers and often a forum for showcasing key developments for blockchain technology.   This year’s Devcon 4 was held…

Next year could be another exciting one for blockchain as many projects mature and focus on interoperability. In 2019, the technology under development may see implementation across business and consumer technology stacks. Blockchain and cryptocurrency investors have had a year likely full of concerns over token price performance. Many are ready to see their investments,…

For many, the first interaction with blockchain technology is an investment in cryptocurrency. While that may be the first use case, it’s far from the only one; blockchain technology is starting moving away from solely powering cryptocurrencies towards much wider use. Blockchain has the potential to one day underpin all the technology we use in…

The Swiss University of Basel has awarded Vitalik Buterin with an honorary doctorate for his contributions to and innovations in the blockchain technology ecosystem. Buterin, who was born in Russia before moving with his family to Toronto, was in a Canadian school’s gifted class by grade three. Much later, after a year of studying computer…

Blockchain is pitched as a technology to power the next iteration of the internet – the decentralized web, or web3. Defining centralization Before considering the decentralized internet, it’s important to understand how the internet is currently “centralized” and problems this creates. “Centralization” as the opposite to “decentralization” in today’s tech-speak refers to one or a…