Fujitsu Opens Blockchain Innovation Center in Brussels to Accelerate Development of Next Generation Applications
- New international 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
- Fujitsu experts will research blockchain and distributed ledger technologies and undertake collaborative projects with selected private and public organizations
- Smart City initiatives an early focus area: project involving Brussels and other Belgian cities already underway and multiple European cities interested in collaboration to fulfil Smart City ambitions
- Brussels selected by Fujitsu for its geographical, political, technological and linguistic advantages for international organizations that are considering applications of blockchain technology
The new center will undertake research with external partners, collaborating on specific projects to explore the technology’s potential. With growing interest from customers in better understanding blockchain technology and its impact on business, 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.
Yves de Beauregard, Head of Fujitsu Benelux, comments: “We are already seeing high levels of interest from our 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.”
Kris Peeters, Deputy Prime Minister of Belgium, says: “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. It is important that all levels of government continue to actively work with innovative companies to sustain the overall economic fabric in Belgium.”
One particular area of expertise that Fujitsu plans to develop in the Innovation Center is the use of blockchain for the design and implementation of Smart City services, focusing not only on technology, but also on important aspects of the city of the future, such as sociological and demographic factors, societal organization, economic functioning and ecological challenges. 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, comments: “We believe that blockchain will play a crucial role in the development of Smart Cities. According to the National League of Cities
, more than half the world’s population currently lives in urban areas, and this proportion is expected to increase to 66 per cent by 2050. This trend will place increased demands on local governments and give rise to new ecosystems with multiple challenges to address - from public safety, infrastructure, transportation and housing. 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.”
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US $40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.
About Fujitsu EMEIA
Fujitsu promotes a Human Centric Intelligent Society, in which innovation is driven by the integration of people, information and infrastructure. In the Europe, Middle East, Africa and India region (EMEIA), our 28,000-strong workforce is committed to Digital Co-creation, blending business expertise with digital technology and creating new value with ecosystem partners and customers. We enable our customers to digitally transform with connected technology services, focused on Artificial Intelligence, the Internet of Things, and Cloud - all underpinned by Security. For more information, please visit http://www.fujitsu.com/fts/about/
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Date: 21 March, 2018
City: Brussels / Munich