Uncharted Technology

The pace of technological innovation is increasing rapidly which is opening up new possibilities for human kind. Possibilities which were not even fathomable a few decades ago. From advancements in stem cell research, renewable energy, quantum computing, hardware and software designs, the mould in which we have become used to living is now changing; both in a physical and digital sense. 

Our world economy can now be reimagined, relatively free from the shackles of oil as alternative energy sources become viable. Diseases which were once unidentifiable can now be targeted in its early stages and treated effectively. More so, the very immutable laws of physics once set in stone are now being reevaluated with the advent of quantum theories. From time reversal to the unrendering of RSA encryption, quantum applications are poised to shake up our lives. 

With such rapid progress and innovation, regulators are facing a tough time keeping up. This leaves our regulatory authorities with two options - either they can stifle innovation and progress, or perhaps try by restricting research and confining results or they can work collaboratively, understand rather than dismiss and adapt rather than ignore the evolutions taking place around them.

Exploring uncharted territories was never easy, but the expectation of enticing rewards that lay at the end of the journey has more often than not created a self incentivizing ecosystem.

Canada is one of those countries which has wholeheartedly embraced the present-day challenges of exploring uncharted technologies and thus has received considerable admiration from global and local tech communities. The Collision conference, currently taking place in Toronto is testament to this phenomenon. 

With companies flocking to Canada including ride hailing service, Uber with its engineering hub and internet search giant, Google with SideWalk Labs, Canada is paving the way for increased innovation and entrepreneurship while showing greater resilience, openness and adaptability in terms of its regulatory and policy framework. 

The government is also exploring the use of innovative technologies for the benefit of its citizens; enhancing efficiencies and streamlining services by leveraging digital solutions. In collaboration with the Bitaccess, a blockchain startup, the National Research Council of Canada built a Etherum blockchain explorer, dubbed the Catena Explorer, which is hosted on the InterPlanetary File System (IPFS). The primary motivation behind this step was to leverage the public blockchain in order to provide domestic exposure to government tenders and thus bring about enhanced transparency to the entire ecosystem of government contracts. 

Within the financial sector domain, Secure Key technologies has modernized the identity verification process in collaboration with leading financial institutions such as Toronto-Dominion Bank and Royal Bank of Canada among others. The Verified.Me system is freely available to users via a mobile app. This is revolutionizing the way clients interact with the various services they use. Through this service, it is envisioned that clients would be able to securely share their data while retaining control over their own information. 

The robust Canadian ecosystem which has encouraged the scaling of startups and provided an ecosystem focused on innovation is still in its infancy which means that there is a lot more to be accomplished. 

As Mr. Tapscott pointed out, Canada has been a resource driven economy for over a century but now with the evolving infrastructure of the internet, Canada has the opportunity to become a leader in the blockchain sector. But one of the current dilemmas in the industry is the relatively small talent pool which the sector can draw from compounded by the lack of attention given to the topic in leading institutions. Addressing this mismatch, Blockchain Guru has taken the lead in providing educational, training and certification resources for the Canadian market. Our unique partnership with the Blockchain Training Alliance has allowed us to fill in the current talent gap. 

Just like Canada, we too are very positive about the potential of disruptive technology and are actively facilitating the discourse while leveraging our unique team of consultants to help businesses, regardless of size, to embrace and adapt to the evolving technological landscape. 

 A major hindrance today is the lack of understanding and technical expertise that businesses have regarding innovation - they may know where they want to be but are unsure of how to get there while being intimidated by the available technology. Blockchain Guru helps you overcome these hurdles and takes you through these uncharted territories - from education to training and consulting and execution, we are there each step of the way to help you prosper and grow.

If the evolving potential of blockchain is something that excites you then be sure to reach out to Blockchain Guru for superior understanding of how the technology could be leveraged for your individual case mediated through our extensively experienced team which provides training and consulting.

 Nabil Irfan is a Research Analyst at Blockchain Guru uncovering the multiple facets of blockchain technology and how it can be leveraged to transform our contemporary economic, social and political processes. 

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