Fujitsu Launches A Blockchain Innovation Center

Fujistu Blockchain innovation center

Fujitsu announced on March 21 that it was opening a Brussels-based Blockchain Innovation Center, according to a press release.

The giant provider of digital information believes that blockchain and other distributed ledgers are going to have a lot of success, this gave them the idea to create the Blockchain Innovation Center. His creation plans to “revolutionize the way consumers and enterprises buy, sell and exchange goods and services and for organizations to transform their commercial and operational model.”

Seeing the growing interest of blockchain around the world, Fujitsu wants to explore the technology’s potential to develop a blockchain that will transform more than just the financial services industry.

“Blockchain has the potential to be applicable to a variety of areas where a ledger-based audit trail is needed, including logistics, supply chain, public ledgers such as real estate ownership, voting ID and smart contracts,” as mentioned in the release.

The Head of Fujitsu Benelux, Yves de Beauregard said,

“Our new Blockchain Innovation Center in Brussels demonstrates the importance Fujitsu attaches to blockchain as a technology, and to Brussels as location for supporting our international customers investigating or already implementing blockchain solutions. The underlying principle of blockchain is that transactions are virtually impossible to alter, creating a high level of trust.”

The Blockchain Innovation center created by Fujitsu also wants to use the blockchain technology to develop and design smart cities by focusing not only on technology but also on “sociological and demographic factors, societal organization, economic functioning and ecological challenges.”

The Presales and Business Assurance Director at Fujitsu Benelux, said:

“This development will drive the need for cities to adapt and evolve into Smart Cities, which combine ICT with infrastructure and architecture to address social, economic and environmental problems. The use of blockchain technology, with its potential in public ledger and voting ID, and its capacity to automate processes and auditing in smart contracts, will doubtlessly play an important role in this changing ecosystem.”

Other groups for research and innovations concerning blockchain were also created such as the Ethereum Enterprise Alliance.

 

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