Quadriga Launches Canada's First Bitcoin and Blockchain Lab

     Quadriga Group launched a blockchain R&D laboratory in Canada, which is the Quadriga Group’s first technology R&D project.

     Quadriga officially announced the news in a recent press release. Vancouver-based Quadriga Group operates Canada's largest bitcoin exchange. The blockchain R&D lab is committed to using blockchain technology to develop a new employee training and customer data management system that will be used to deal with financial crimes and provide uninterrupted machine-to-machine (M2M) payment services for IoT providers .

CEO of Quadriga Group   Gerald Cotton said: “Blockchain technology represents a key innovation in the financial technology revolution, especially in the fight against money laundering, terrorist financing and fraud.”

Last month , a group of major bitcoin companies and celebrities formed the Blockchain Alliance, which will help law enforcement understand and use blockchain technology to fight crime.