Blockchain Innovation Center
On 22nd of March 2018, Fujitsu inaugurated its international Blockchain Innovation Center in Brussels, Belgium. Located in the heart of Europe, the center underscores Fujitsu’s commitment to blockchain and other distributed ledger technologies as a means to revolutionize the way consumers and enterprises buy, sell and exchange goods and services and for organizations to transform their commercial and operational models.
The new center undertakes 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.
Blockchain and Smart City services
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, Head of EMEIA Blockchain Innovation Center, said: “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.”