Mapping out the blockchain ecosystem in Canada

Canada has become home to an assortment of blockchain companies. A report by Chamber of Digital Commerce Canada found that 96% of Canadian businesses with 500 employees or more have considered incorporating blockchain technology into their business. A survey by Deloitte in 2018 found 51% of responding companies in Canada were already investing in blockchain, and a study by the Bank of Canada found that 5% of Canadians own bitcoin.

The nation has been well-positioned to be an industry player due to its low energy costs and high internet speeds, as well as its mining rig-friendly cold climate, which gives the nation a competitive advantage in attracting cryptocurrency mining operations.