Finance & Markets

European Blockchain Innovation Center Revealed By Fujitsu

One of the world largest IT service companies, Japanese multinational Fujitsu has introduced a Blockchain Innovation Center in Brussels.

The company declared that its prime motive will be to enable research on blockchain technology and to create projects with the association of public and private sector organizations.

“The center focuses on the commitment of Fujitsu introduce blockchain and other circulated ledger technologies as with an intention to transform the way enterprises and consumers sell, buy, and exchange goods and services and modernize the operational models of organizations,” the firm said.

Head of Fujitsu Benelux, Yves de Beauregard addressed that increased customer inclination in blockchain technology has forced the formation of the center, and Belgium’s location comparing other factors preferred as an advantageous place to establish this initiative. The company also disclosed that smart cities will be in the limelight through this project.

Pre-Sales and Business Assurance Director at Fujitsu Benelux clarified that the ratio of global population dwelling in urban areas are set to boost intensely in the coming 30 Years and owing to this it would be mandatory to create services that merge architecture and infrastructure and ICT to look over the economic, social, and environmental issues.

“In the terms of modification in the ecosystem, blockchain technology’s latent voting ID, public ledger and competence to audit smart contracts and automate processes undoubtedly plays a critical role,” said De Breuck.

As per the statement of CoinDesk stating that Fujitsu isn’t a newcomer in the blockchain industry. Back in 2016, it had declared about the development system for securely sharing documents based on blockchain and eventually rolled a totally dissimilar system for secure data sharing in 2017.

Fujitsu has rolled out various projects that are to be utilized with blockchain platform and it is also a member of Hyperledger consortium. Recently in this month, the company had also revealed a technology that could catch bugs within smart contracts of ethereum.

Arpit Mehta

Arpit is a well ripened fruit in the field of finance and markets. When it comes to numbers, nobody can catch this guy’s hand. Needless to say that he does not require a calculator, he himself is the calculator for the Market Global News’ team. In his free time, you will find him grabbing a cup of coffee with his friends.

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