Blockchain Innovation Centre by Fujitsu to open in Brussels

The new venue is going to be hub for partnerships and collaborations on blockchain projects and explore its potential
22 March 2018   499

Fujitsu announced the opening of Blockchain Innovation Centre in Brussels on March 21. The centre is supposed to gather Fujitsu external partners under one roof and have them team-up to tackle issues with the potential of the blockchain technology. The addressed ssues will range specifically beyond just finances, for instance logistics, real estate ownership, voting ID and smart contracts.

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.

 

Kris Peeters

Deputy Prime Minister of Belgium

 

Among the possible applications, one particular area of expertise is very attractive to Fujitsu - Smart Cities. The area considers a full circle of development from design to implementation with attention not only to technology, but also different aspects of the future cities, i.e. sociological and demographic factors, societal organization, economic functioning and ecological challenges.

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 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.

 

Frederik De Breuck

Resales and Business Assurance Director, Fujitsu Benelux

The centre will support and encourage research and fund the innovative projects both in Brussels and other cities.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.