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Tapscotts involved in $50 million blockchain supercluster bid - IT World Canada

Published 3 years ago

Tapscotts involved in $50 million blockchain supercluster bid - IT World Canada

IT World Canada via itworldcanada.com

Several of the most well-known names involved in blockchain technology development in Canada are behind a $50 million bid for the Liberal government’s $950 million Innovation Supercluster Initiative. The main organizers behind the bid include research and development hub Collider-X, the Blockchain Research Institute launched earlier this year by Don and Alex Tapscott, and the Information and Communications Technology Council (ICTC).

To meet the scope that the government was looking for in the bids, Valiente reached out to the Tapscotts and other blockchain groups. Compared to other bids reported by IT World Canada, such as a $300 million microelectronics-focused bid out of York Region and a $185 million digital identity bid involving banks, this bid is on the smaller end of the spectrum.

But Valiente says not to underestimate the impact it could have for the country, describing blockchain as a horizontal technology that could help improve other technologies that are the focus of supercluster bids like AI and digital identity. “We need to have a blockchain consortium to help move this forward for Canada.”.

The ICTC also sees blockchain as a “cross-industry enabler” that’s a “key catalyst for industry innovation and growth,” says Anani. Valiente says there are a number of activities the funding would be used for: It’s anticipated the government will make its shortlist announcement for supercluster initiatives by the end of September.

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