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Industry committee  I'll step in there really quickly. My organization does take part in speculation. We are a technology company that builds open-source developer tools that empower people to build things, like the people on this call today. They might be using our open-source developer tools under the hood.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  I'm happy to address that. One of the things I mentioned during my speech was that the World Food Programme is leveraging blockchain technology to ensure that people are fed and that the misappropriation of funds cannot happen. This is a prime example of how blockchain technology can be used for a lot more than just shifting numbers.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  Maybe I can jump in here. I can share an article that we just released on post-quantum consensus mechanisms, which really are kind of the place of fear within the blockchain stack, and how we as a community aimed to solve these problems and have already solved these problems. I would venture to say that this isn't really an issue in that it's already solved.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  We're seeing widespread use of blockchain technology across a wide range of industries, with financial services probably being the largest retail consumer of crypto and blockchains at the moment. However, as I mentioned previously, the World Food Programme has incorporated blockchain technology.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  The future of this space is really in enabling individuals to create these autonomous organizations through a series of smart contracts that enable functionality way beyond trading crypto, and that's the world we need to be prepared for, because, quite frankly, it's already here.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  As a few of my colleagues have mentioned, we do have pretty robust regulations in place right now to ensure that for-the-use cases that are being seen day to day are above board. Where we really need to work together is to start to define what that looks like for this next wave of applications that are going to start to take over the world.

November 21st, 2022Committee meeting

Aidan Hyman

Industry committee  Thank you very much, everyone. It's an honour to be here today and to be able to speak to you all about blockchain technology here in Canada. Good afternoon. My name is Aidan. I am one of the co-founders and the CEO at ChainSafe Systems. ChainSafe was founded here in Toronto to provide open-source developer tools that accelerate web3 adoption.

November 21st, 2022Committee meeting

Aidan Hyman