Toronto-Dominion (“TD”) Bank and CIBC, two of Canada’s “Big Five” banks, have joined the BRI with 30 other major companies to support the BRI’s exploration of the strategic issues regarding this new technology.
“It is heartening to see these important organizations supporting our efforts to make Canada the leading center for fintech,” says Executive Chairman Don Tapscott, who along with Alex Tapscott is a co-founder of the Institute. “Blockchain represents a major shift in the way all organizations do business, and the strategic implications for the financial industry are particularly pressing.”
As members, TD and CIBC will support over 70 research projects currently being conducted by the Institute’s global network of 50 experts, exploring the impact of blockchain technology on a number of key sectors – including financial services.
Other BRI members in the financial services sector include: the Bank of Canada, Deloitte Canada, the Depository Trust & Clearing Corporation (DTCC), Digital Asset, Interac/Acxsys, KPMG LLP, Nasdaq, Tencent and the TMX Group. Over the next two weeks the BRI will announce other members in this industry.
Comments from New Members:
“We’re focused on innovation that adds value to our customers and our business and there’s no denying the potential blockchain holds to transform and reinvent banking capabilities. The Blockchain Research Institute aligns with how we’ve been building our own expertise around emerging technologies – hire the right talent, build new teams and always collaborate. We’re excited to join this initiative and explore the strategic opportunities that blockchain technology presents.”
- Todd Copeland, Senior Vice President, Digital Channels, TD
“CIBC is pleased to join the Blockchain Research Institute and we applaud the think-tank’s strategic work in exploring the emerging technology. CIBC recognizes the transformative nature of blockchain and we continue to leverage the technology in exploring new opportunities to enhance the client experience and innovate for the future. We’re excited to work alongside the Institute and its members to further catalyze Canada’s leadership in this space.”
- Mike Boluch, Executive Vice President, Direct Banking, Innovation & Payments, CIBC
About the BRI:
The Blockchain Research Institute is a Toronto-based think-tank that helps organizations to realize the new promise of the digital economy by researching the strategic implications of blockchain technology and producing practical insights that will guide its members in achieving success.
The Institute’s global team of experts is dedicated to exploring, understanding, documenting and informing leaders about blockchain strategies, market opportunities, and implementation challenges. There are over 70 research projects underway in the areas of financial services, manufacturing, retail, energy and resources, technology/media, healthcare and government; as well as how this nascent technology changes the way companies are managed. Project deliverables include an in-depth research report, an introductory video, and a summary infographic. To complement the research, the Institute offers a suite of services to members, such as a private website for the display of deliverables, monthly webinars, two all-member summits, and other proprietary activities. The Institute’s research findings, conclusions and recommendations will be released after a period of time under a creative commons license.
The Institute will be holding its first global All Members Summit in Toronto, November 8-9.
To find out more, please visit: www.blockchainresearchinstitute.org
Director of Communications