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Industry committee It relates to what I mentioned previously, which is the type of blockchain you're using. As a proof-of-work blockchain, Bitcoin uses the same amount of energy as Switzerland. If you're using a proof-of-stake blockchain, you are not using that level of energy. If you're using a pr
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee I believe that statistic is 65,000 transactions per second.
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee It's basically the same.
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee Yes.
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee It's 65,000.
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee What the government really needs to look into is also APIs. It's the technology between the blockchain and how it interacts with the real world. You have to look at whether the data that's put on the blockchain can be encrypted. The blockchain could just store a transaction and
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee Another thing to add to this is that there are different kinds of blockchains. There are proof of work, proof of stake, proof of history and other types. Proof of work is the oldest. It's the slowest and it's the most energy-inefficient. Proof of stake is quick and energy-efficie
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee Thank you for the question. I think there is currently support in the area, whether it's private or public. I personally have worked at accelerators in both Ottawa and Montreal. I've worked with InvestOttawa to host workshops, and they provided me with the space, and also in Mon
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee I mentioned the research, but also in addition to that there's education. I think women and girls need to see this—she has “to see it to be it”—so we need role models. It's not good enough to say we need to have this done; people need to see women who are actually succeeding in t
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee I absolutely think that it's going to be a transformative technology across various sectors, so it's imperative for Canada to be a first mover. I would like to acknowledge that Canada's work has already happened. We were the country that issued the first Bitcoin ETF, followed by
October 27th, 2022Committee meeting
Justyna Osowska
Industry committee Thank you, Mr. Chair. Thank you to the committee members for having me here today to represent Women in Blockchain Canada. The corporation has been federally incorporated since 2018. We have been doing workshops around blockchain education. Really, in order for us to move anywh
October 27th, 2022Committee meeting
Justyna Osowska