“Building Canadian Consensus” examines the Canadian blockchain ecosystem, documenting its current status and trends for its future.This study provides the following overviews:
- Key concepts in blockchain technology
- Canadian blockchain ecosystem by industry
- Blockchain activity across Canada
- The blockchain labour market, skills and education
- Trends, issues, and the future of blockchain in Canada
Study findings: Snapshot
Canada’s blockchain ecosystem is currently made up of over 280 companies, employing over 1600 workers.
- About 60% of Canadian blockchain firms offer services related to Cryptocurrencies, Finance & Fintech, or Blockchain Consulting. Emerging sectors in blockchain include culture and education.
- Toronto and Vancouver drive Canada’s blockchain economy, with 60% of blockchain companies and 65% of blockchain workers.
Blockchain workers are found in a vast array of industries. While Ontario and British Columbia currently absorb 70% of blockchain workers, smaller provinces are also scaling quickly in their ability to attract and develop this skilled talent base.
- Alberta tripled its number of blockchain workers from 2018 to the first half of 2019
- Nova Scotia grew from zero in 2016 to over fifty by the first half of 2019.
Blockchain knowledge is dynamic and changes quickly, which makes curriculum development at post-secondary institutions challenging. A growing cohort of institutions, however, are responding to demand for blockchain talent.
- Internationally, blockchain education was led by the University of Nicosia in Cyprus, which launched the first blockchain massive open online course over five years ago. It became the first University to accept Bitcoin as tuition payment in 2014.
- Across Canada, post-secondary institutions like York University, George Brown College, and UBC have begun to offer formal programs for blockchain development.
- Micro-credentialing in blockchain varies across Canada. TransformationWorx, founded in 2017 and based in Ontario, for example, offers two-day bootcamp-style courses in blockchain and solution design for professionals.
- Several Canadian institutions, including the University of Ottawa and UBC, have launched law and policy-oriented modules or research groups to study the legal implications of blockchains, cryptocurrencies, and smart contracts. Their students are mostly at that graduate research level.