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Industry committee What I'd like to add to the environmental argument is the fact that it really depends on the energy sources. We in Canada have are fortunate to have more clean energy sources than anywhere else in North America. When doing the calculations, the energy source has to be taken into
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee Yes. If you had to make a dozen eggs secure, would you tend to put them all in the same basket or place them at different locations? Firstly, the design of distributed technologies makes them a better response to security issues, because not all the data is in the same location.
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee Thank you very much. I would add that it's not just a regulatory matter. It's important not to forget that with distributed technologies, you can't, unfortunately, always regulate everything because that would be like turning a Robocop loose in the wild. Some people have tried
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee I'd like to point out that requests have been made for objective data on this area. The problem in our industry is that analyses are qualitative, not quantitative. For example, I can tell you with certainty that all Bitcoin miners have left Quebec since the introduction of a mora
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee I would answer that question by reiterating the importance of taking action to regulate the technology so that people know what they mustn't do, and in particular, to establish institutions to regulate those who take initiatives and seize opportunities in this field. For example
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee Thank you for your question. The importation of the digital lock model is the first application we saw to protect how cultural content is consumed. With this kind of model, specific permission from a particular blockchain is required to execute, run or read a file or content. It
December 8th, 2022Committee meeting
Guillaume Déziel
Industry committee Thank you, Mr. Chair. I completely agree. I think that regulation is needed to protect people because, if not, they do not have any alternative or a safe place to go. At the very least, the financial market authorities must be able to send and train workers to help people in thi
December 8th, 2022Committee meeting
Guillaume Déziel