Daily Archives: 15/04/2022

The Bank of Canada is exploring scenarios for the coexistence of digital and fiat currencies

The Canadian Central Bank (CB) has deployed a quantum computer to calculate the implications of cryptocurrencies and their compatibility with the traditional financial system. The Sun became the first regulator of the G7 countries to decide to use quantum computing to model scenarios for the coexistence of digital and fiat currencies. The project is being developed by the startup Multiverse Computing, according to Decrypt. The quantum computer model used is capable of evaluating more than…

California lawmakers propose using blockchain to help the unemployed

A member of the California House of Representatives proposed using blockchain technology to prevent employment fraud. Jordan Cunningham has introduced a bill that would require the California Office of Digital Innovation (ODI) to explore the possibility of applying blockchain to employment, employment, and social security. According to the parliamentarian, this would speed up identity verification in the state unemployment insurance system, increase the efficiency of social benefits payments and their calculations, and also simplify the…