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Canada demands intimate banking data from a half million citizens

The goal of the program, recently uncovered by media, is to develop a “new institutional personal information bank” for government use.

A Canadian TV station  recently provided a dramatic insight into how far Western governments are prepared to go, using advanced data gathering techniques, to surveil the lives of citizens: Statistics Canada is asking banks across the country for financial transaction data and personal information of 500,000 Canadians without their knowledge. Global News has learned. Documents obtained by Global News show the national statistical agency plans to collect “individual-level financial transactions data” and sensitive information, like social insurance numbers (SIN), from Canadian financial institutions to develop a “new institutional personal information bank.” Andrew Russell and David Akin, “EXCLUSIVE: Stats Canada requesting banking information of 500,000 Canadians without their knowledge” at Global News Further investigation showed that the government agency has already Read More ›

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Trusting the Blockchain

Will Fullerton on Blockchain as a Foundational Technology

Robert J. Marks and Will Fullerton discuss what changes await as we enter the implementation phase of a foundational technology: blockchain. While China is making a multi-billion dollar investment, IBM is betting on countless blockchain projects. And by promising to disintermediate financial institutions, blockchain holds the promise of radically reducing obstacles and overhead from human transactions. Still, challenges remain to be solved that are inherent to the technology. Join Bob and Will for a stimulating conversation. Read More ›