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   671

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.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   93

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.