The rise of Cryptocurrency and Blockchain have got a significant contribution from countries all over the world but interestingly, Canada is the third biggest hub. According to a Toronto based firm Crypto Consultant, the local government is the creator of favourable conditions. Its pragmatic support has fueled many innovators and investors to explore the application in the country.

Digital currency Ethereum has got two Canadian teams as its founders; Aion and Tendermint. On the other hand, there is a large chain of Canadian Blockchain leaders at Cosmos. Not only that, Canadians also have their mass presence on ConsenSys, an Ethereum application development platform. The leadership and initiatives are supported by Tapscotts and Blockchain Research Institute.

Needless to say, Canada has a healthy startup community. Also, the government has maintained a transparent legal system to carry out the process. Canada has a robust financial-services industry headed by industry regulators open to a new change. All of the above-said factors aid towards the development of Blockchain and Cryptocurrency in the country at a rapid rate.

Apart from self-development, companies like Aion have paved ways for scaling the distributed ledger platforms by funding other companies and enabling interoperability between different platforms. According to Mr Tapscott, Canada can become further commendable in Blockchain by offering quality education and training to the aspirants. For that, companies and top universities of the country need to step out.