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Industry committee Yes, absolutely.
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee I can send you the name of the city…
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee I heard about that during supper the other day and I was very impressed. I can put you in touch with the head of that business.
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee I'd absolutely be happy to elaborate a little bit on that. When we were talking about decentralized finance, I was giving you the example of this peer-to-peer network that is enabling people to participate in loan generation for a down payment towards a mortgage. Certain terms n
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee There are some involving gas, the energy that comes from burning and isn't resold. There are a number of ways. What is energy? It can be stored in a battery and can also take the form of money or value. There are examples where people wonder if they can take unused or waste ener
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee I'd be happy to have a two-hour discussion just on all these different questions, so I won't try to answer them all in a few minutes. Technological efficiencies resolve problems over time, so we are seeing all these problems getting resolved. There are things that existed multipl
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee That's exactly where it goes, literally.
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee Here are two examples. We're going to go back to the technological aspect. Technology improves and things become more efficient. The energy sold by Hydro-Québec and many other companies in Alberta and elsewhere is surplus energy that's negotiated with consumer businesses. Wheth
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee No, not at all.
October 27th, 2022Committee meeting
Pascal St-Jean
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee Absolutely.
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee Yes.
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee All data on nodes are encrypted. We don't have access to raw data. I participate in multiple blockchains through mining and through node creation. I do not have visibility into the data. I have visibility into the transactions, but not the data stored in those transactions. Tho
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee I'll just to add to that by going back to what I've said earlier. I will hammer these three points over and over again. Blockchain is the database. The network is decentralized, but not all networks need to be. Cryptocurrency is the asset to help fuel or power the decentralized p
October 27th, 2022Committee meeting
Pascal St-Jean
Industry committee Look, there are a lot of different areas, and again, it depends on the province. We see a lot of mining in Quebec, and in Alberta there is innovation on the utilization of energy for better productivity, energy that would have been wasted. We are seen as a leader from that perspe
October 27th, 2022Committee meeting
Pascal St-Jean