Fujitsu’s Blockchain Innovation Center opens in Brussels
Japanese IT corporation Fujitsu has opened Blockchain Innovation Center in Brussels, which will undertake research with external partners, collaborating on specific projects to explore the technology’s potential.
According to the official statement, the center “will contribute to breakthrough of blockchain technology as strategic platform for exchange of information, services and goods with potential to disrupt all industries and services.”
The company explains that Brussels was chosen as a location for its geographical, political, technological and linguistic advantages for international organizations that are considering applications of blockchain technology.
“Fujitsu aims to develop blockchain beyond financial services – where it has already created widespread disruption to business models – as a new architecture for information systems and sectors of all kinds. 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,” the official statement reads.
Yves de Beauregard, Head of Fujitsu Benelux stressed that the company is already seeing high levels of interest from customers in better understanding how they can integrate blockchain into business processes.
“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. This is just the beginning, as we intend to explore the wider potential use of blockchain in a variety of commercial areas,” he told.
Kris Peeters, Deputy Prime Minister of Belgium noted that it is important that all levels of government continue to actively work with innovative companies to sustain the overall economic fabric in Belgium.
“Belgium is the ideal place to establish an international competence center such as the Fujitsu Blockchain Innovation Center. Belgium is located in the center of Europe. Moreover, Belgium’s economy is driven by innovation. Furthermore, our people have great language skills, which make them great collaborators in any multinational company or international project,” he said.
According to Fujitsu, the newly opened center will have an early focus on Smart City initiatives.
“The center will support and encourage research, development and innovation both for Brussels and for other cities, through the funding of innovative projects by companies, research organizations and the non-commercial sector.”
Frederik De Breuck, Presales and Business Assurance Director at Fujitsu Benelux, believes that blockchain will play a crucial role in the development of Smart Cities.
“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,” he noted.