Quadriga To Launch First Canadian Blockchain R&D Lab

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Quadriga Fintech Solutions Corp. has announced the launch of Canada’s first R&D lab for Blockchain technology. The lab’s first project will be the development of a platform with two core functions: handling the onboarding and client data management for financial crime systems using the Blockchain and facilitating machine to machine (M2M) payments with Internet of Things (IoT) providers for connected cities.

Gerald Cotten, CEO of Quadriga said,

“Blockchain technology has an unchangeable, fully traceable ledger of activity and as such, represents a crucial innovation for financial technology, particularly for systems designed to combat money laundering, terrorist financing and fraud.” Quadriga has the largest exchange in Canada and the largest existing database of customers that already use the Blockchain, so it was a natural progression for us to move forward with research into the Blockchain and to take a leadership role on Blockchain in Canada.”

“We are very excited to be starting a Blockchain lab and helping to develop FinTech in Canada, especially focusing on two phenomenal growth areas in the space, of using the Blockchain to manage digital identities for digital finance at the highest AML legal standards in the world and to be the intersection point for M2M payments for cities as they become digital and need to build in micro-payments that are efficient, instantaneous and transparent,” he said. “Down the line, we see our Blockchain R&D lab having even greater applications for climate finance.”

The Company has entered into an agreement with Christine Duhaime, a leading legal expert in digital finance and financial crime law, and a leader in FinTech in Canada, who founded the Digital Finance Institute. Ms. Duhaime brings to the Blockchain R&D lab, a breadth of exposure to financial crime systems mitigation that is unparalled. In addition, her knowledge of the FinTech industry and international connections in finance, banking and FinTech will help open up additional routes to market for Quadriga’s Blockchain applications once developed.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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