The giant IT and telecommunications multinational Fujitsu based in Tokyo and one of the biggest company of its kind in the world has released about the European Blockchain Innovation Center, based in Brussels.

The project was announced on 21st March via Fujitsu’s websites. According to it, the center aims to get involved in researching and finding solutions operations in order to initiate new projects based on blockchain technology. It will also combine organizations from both the private and public sectors.

“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“, according to Fujitsu.

The head of Fujitsu Benelux, Yves de Beauregard emphasized the link between customer interest in new technologies and centers of this kind, which led to the choice of a location in the heart of Europe.

Smart City is a particular area of the Fujitsu’s project

Additionally, via Fujitsu’s website, the company has also disclosed about its involving in the projects related to smart cities. It will sustain and organize researches, develop and innovate the city Brussels as well as those from the surroundings. Thus, Fujitsu will invest and encourage new projects that met these purposes.

“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.”, according to Fujitsu.

The Pre-sales and Business Assurance Director at Fujitsu, Frederik De Breuck has justified the choice made in terms of location simply by the fact that the number of the population registered in the urban areas will increase considerably over the next 30 years. Taking into account this aspect, De Breuck explained that the population will need the services that “combine ICT with infrastructure and architecture to address social, economic and environmental problem“.

“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” De Breuck stated.

The project aims to support the development of the digital technology and invest in urban infrastructure, which will certainly bring benefits to the countries’ economy.