Industry committee  Yes. In my mind, we need to do it because otherwise it doesn't make sense that we produce a greener product here in Canada when someone overseas produces a product—while we're imposing regulations here in Canada for companies—and produces it cheaper with a higher environmental fo

Industry committee  Exactly.

Industry committee  I think there are a couple of layers to the answer to that question. First of all, as you said, there's a differentiator. We're the ones making the product. Therefore, if you appreciate it, then you'd rather buy product that you know than product you don't know. Just with that, w

Industry committee  In the future, it could be. We could get there. Now, we need to be practical. When it comes to implementation—

Industry committee  In the future, it could be. This is very realistic. We need to be practical. We need to think about what the 80:20 rule is that's going to get us there with the minimum amount of effort. That is different for every industry. It's different for the geographies across the world.

Industry committee  My answer is that technology is a tool and it depends on how you use that tool. I don't know if the world will take us there, but we will see in 100 years.

Industry committee  Yes. The technology can, certainly. It's a matter of how you're applying that technology and who is part of that technology. One piece of the puzzle is getting Canadian steel producers to use the technology and say, “Well, I can guarantee that our steel is coming from these fact

Industry committee  Very simply put, the key is to have a universal identifier for a product, which is what we don't have today. Each company has its database, and it has an identifier for each of the products in its database, but you don't have a universal identifier for an individual product—not p

Industry committee  I think the most important thing to recognize here is that we're very focused on the word “blockchain” technology, and we should be focused on the use cases, the implications and the impacts, and what we have to gain. In our case, with Neoflow, indeed with the oil and gas indus

Industry committee  No. Everything in life has an energy cost. Building this table has an energy cost. It's all about thinking about whether or not this cost is worth what I'm doing. In terms of verifiable credentials, the cost is many orders of magnitude lower than it would be with Bitcoin, for ex

Industry committee  It would be lower than it is today.

Industry committee  It's a business case, so you're going to have some increments in energy utilization and you're going to have some savings. We're going to be better off with completely digital technology than we are today.

Industry committee  Absolutely. You need to measure, so that's the only way of doing it.

Industry committee  One hundred per cent. In order to know what your emissions are, first of all you need to measure them. The way we are measuring them is not by product. We're doing it by industrial facility. If I'm an organization that's consuming a large amount of product, I have to do a very de

Industry committee  It costs a lot of money and time. I can't be accurate, because I'll say, “Well, in buying this pen, I encourage so much CO2 in the environment,” but I'm using a global factor for this pen. This pen could be coming from Asia, or it could be from a local factory—