Digital currency solutions provider Quadriga Fintech Solutions is set to open its first R&D lab for blockchain technology in Canada.
The company has also unveiled plans for its very first project, which will include the development of a platform with two core functions.
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The platform is aimed at managing the on boarding and client data management for financial crime systems using the blockchain. It will also facilitate machine to machine (M2M) payments with Internet of Things (IoT) providers for connected cities.
Additionally, Quadriga has signed an agreement with Christine Duhaime, a legal expert in digital finance and financial crime law, and a leader in FinTech in Canada and founder of the Digital Finance Institute.
Under the deal, Duhaime will help open up additional routes to market for Quadriga’s Blockchain applications once developed.
Quadriga CEO Gerald Cotton said: "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."
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By GlobalData
