Japanese IT giant Fujitsu has recently announced the opening of its first Blockchain Innovation Center, located in Brussels, Belgium, with the aim of supporting research, developmen and innovation. Fujitsu has selected Brussels as the venue of choice because of its diverse political, technical advantages.
Witnessing the adoption of blockchain technology and distributed ledger technology (DTL), big tech giants such as Google, Microsoft and Amazon are just a few companies who are looking to integrate this technology into their companies framework, thus providing them with a transparent and more secure network.
Fujitsu sees blockchain technology as a step in the right direction for the IT sector, enabling a new model for businesses to buy, sell and distribute. Fujitsu aims to use the technology in some different business sectors such as supply chains and logistics, storing public records, and identity documents.
Fujitsu focused on becoming a worldwide leading contender for smart cities, Frederik De Breuck, Presales and Business Assurance Director of Fujitsu Benelux stated: “We believe blockchain technology plays a significant role in the development of smart cities. Today, more than half of the world’s population lives in urban areas, and by 2050 this number is expected to increase to 66%. Cities need to adapt to these developments and become smart cities that connect ITC’s technologies with infrastructure and architectures to solve social, economic and environmental challenges”.
While new adaptions of blockchain will lean to a smarter future, changes will drive economic growth and forgo social and environmental problems.
Additionally, in the current economic adoption stage, companies such as IBM and Walmart are launching a blockchain food safety alliance in China by collaborating with China’s largest retailer JD.com, a member of the NASDAQ-100 and Fortune Global 500.