Finance committee  Blockchain technology takes a variety of shapes and forms. Recall that first it is typically a decentralized mechanism that exists not just within the bounds of Canada, but perhaps globally. In other iterations, you may have a more constrained or private blockchain network that c

Finance committee  There are always the aspects of risk with any public registry or repository, but protecting information is instrumental by isolating those who have access to it and providing the right security credentials around it. It is an aspect of build, of any new form of technology, and se

Finance committee  I'd respond to that by saying, first of all, the proposed revisions to include the digital currency dealers within Bill C-31 are of particular importance to this industry. But moving too quickly to regulate an industry, where the technology is evolving quickly, could prove proble

Finance committee  Thank you, Sandy. The emergence of fintech has brought forth a whole new realm of opportunities to use technology to enhance identification. I don't think anyone at this table is advocating for a weaker approach to KYC, but we would—

Finance committee  Absolutely. Blockchain presents a unique opportunity for client identification in a secure and encrypted way, using the concepts of digital keys and digital key management. That's an area that we need to contemplate as we look forward to revamping regulations. How will banks us

Finance committee  Thank you for having me today and the opportunity to speak to such an important topic. I think the opportunity for a shared utility that assists the banks in verification of customer information is an outcome that we would like to see achieved in this regime. Again, banks have