Siemens to Explore Blockchain, Other New Tech in Planned 600M Euro Hub

German engineering giant Siemens announced on Wednesday plans to invest about 600 million euro in an industrial and tech hub in Berlin. Siemensstadt, which translates as “Siemens City,” will focus on innovative technologies such as artificial intelligence (AI), blockchain, data analytics, electric cars, distributed energy systems, and energy management.

The new mega-project in Spandau, a western borough of Berlin, will transform the region into a futuristic district to support the interaction between sciences and business, Siemens said. The plan is to have…

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