Bitcoin Forum

Japanese IT Giant Fujitsu Launches Blockchain Center in Europe

The adhesion of the blockchain or distributed ledger technology (DLT) among big companies worldwide has generated a real “Ledger running” mainly among companies in the technology sector. Google, Microsoft and Amazon are just a few of the world’s giants looking to deploy new solutions that use blockchain to provide more security, reliability and new features for building an increasingly connected world.

However, noting this new data market, companies like Bosch, Volkswagen, Continental, usually associated with hardware solutions, are also developing implementations for the promising Internet of Things (IoT) industry. It is a market that, according to Statistics, must have more than 75 billion connected devices interacting with each other in different ways.

Fujitsu, a Japanese company with more than 156,000 employees worldwide, is also noting this market and announced this week the opening of its first Blockchain Innovation Center, located in Brussels, Belgium, with the aim of supporting research, development and innovation in this new industry.”These new technologies are revolutionizing the way consumers and businesses buy, sell, and distribute goods and services. Technology enables completely new business models that can be deployed in the service and manufacturing industries. Blockchain can be used in many areas such as logistics, supply chains and public records and functions, such as records, identity documents and so-called “smart contracts”, which ensure the automated execution of contracts “, says the company’s official announcement about the initiative.

According to Fujitsu, one of the main areas that the company intends to invest in its development are the services of Smart Cities. The Japanese company believes that by 2050, more than 66% of the world’s population will be living in urban areas, an increase of 2.5 billion people compared to the current data; So Fujitsu believes that smart city solutions will be needed for social organization, sociological and demographic factors, economic viability and environmental challenges.

“We believe blockchain technology plays a significant role in the development of smart cities.” Today, more than half of the world’s population lives in urban areas, and by 2050 this number is expected to increase to 66 percent. Cities need to adapt to these developments and become smart cities that connect ITC’s technologies with infrastructure and architectures to solve social, economic and environmental challenges, “said Frederik De Breuck, Presales and Business Assurance Director of Fujitsu Benelux.

Also in Germany, Fujitsu is heavily involved with services, platforms, and infrastructures related to distributed accounting technologies, as well as the use of solutions based on the IOTA Tangle network.

As we can see in above article, we will notice that Japan slowly integrates the blockchain technology. And it is a good news for us crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency.

That means absolutely nothing for us. Blockchain and cryptocurrencies are different things. For example some company can store its data on decentralized blockchain for better safe but they won't have to use cryptocurrencies and we will not benefit from it. The technical progress is ofc good but I can't find anything super usefull here. In some cases mass adoption of blockchain can even harm crypto. Foe example: companies hire blockchain devs to develop their own data stuff. That  burst salaries for this kind of specialists (salaries ale already high in this field) and it will be way more expensive to develop any crypto related projects without strong financial basis.
There can be even more negative sides, that's just the first thing that came to my mind.

Let us forget for a mean time the crash of crypto market and focus on the positive thing happens in the world of blockchain.
Fujitsu is a Japanese company that pursuing to connect to the blockchain technology. As we can see in above article, we will notice that Japan slowly integrates the blockchain technology. And it is a good news for us crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency.

Reference: https://www.ccn.com/japanese-giant-fujitsu-lauched-blockchain-center-in-europe-looking-at-iot-smart-cities-market/ (https://www.ccn.com/japanese-giant-fujitsu-lauched-blockchain-center-in-europe-looking-at-iot-smart-cities-market/)

Why is it absolutely nothing? Where does the cryptocurrencies alligned? Cryptocurrencies used blockchain technology. All of projects I've seen had their own blockchain technology.
Yes, they are both different in terms but they dynamically function as one. Blockchain technology as well as cryptocurrency are interconnected with each other. There can be no cryptocurrency without blockchain technology.
Don't say it is absolutely nothing because you don't know the future. In addition, why does the company will store they data in a decentralized blockchain? They will store in a PUBLIC ledger?

Maybe a month ago, kodak announced it would create a blockchain based payment system for photographers. As a result kodak's stock price increased as much as 40% over the short term. Many other corporate entities have done the same. They've announced "blockchain" or "crypto" related projects and benefited from their stock price increasing dramatically.

Because it is different blockchains. For example a company can create their own decentralized data center to lower their expences. It is not necessary to use cryptocurrencies for that (unexpected, yes?). In this case it will be the same as if people in china  start using spoons, according to this logic the "adoption" of the technology should somehow benefit me. You should have cryptocurrency to use blockchain.
It means absolutely nothing for me because they are not using cryptocurrencies. I shouldn't see the future to know that.

Okay. I got your point! Well, we can't predict if the fujitsu will run a cryptocurrency because it may or may not. But up to now, we can consider that it will not affect us much. Probably, if the Japanese company will launch their own token and ICO, that's the time that all of crypto enthusiast will be benefited.

Maybe a month ago, kodak announced it would create a blockchain based payment system for photographers. As a result kodak's stock price increased as much as 40% over the short term. Many other corporate entities have done the same. They've announced "blockchain" or "crypto" related projects and benefited from their stock price increasing dramatically.

The kneejerk reaction would likely be to assume fujitsu is hopping on the same bandwagon, announcing a blockchain related project they have little or no intent on following through on to increase the value of their stock.

BUT to be fair fujitsu establishing a physical location does represent much more of a commitment to blockchain technology than any of the other vaporware announcements made by previous companies. The location in brussels belgium could also be indicative of fujitsu doing their homework and having good knowledge of crypto currencies if indeed belgium is similar to hungary in that they have taken measures to reduce the influence of central banks in their respective country, which could reduce the likelihood of anti crypto legislation being passed there.

This could represent a legitimate effort to utilize and develop blockchain technology unlike the vast majority of blockchain announcements we've seen which are likely little more than efforts at stock price manipulation aimed at boosting equities value over the short term.

Okay. I got your point! Well, we can't predict if the fujitsu will run a cryptocurrency because it may or may not. But up to now, we can consider that it will not affect us much. Probably, if the Japanese company will launch their own token and ICO, that's the time that all of crypto enthusiast will be benefited.

Let us forget for a mean time the crash of crypto market and focus on the positive thing happens in the world of blockchain.
Fujitsu is a Japanese company that pursuing to connect to the blockchain technology. As we can see in above article, we will notice that Japan slowly integrates the blockchain technology. And it is a good news for us crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency.

Reference: https://www.ccn.com/japanese-giant-fujitsu-lauched-blockchain-center-in-europe-looking-at-iot-smart-cities-market/ (https://www.ccn.com/japanese-giant-fujitsu-lauched-blockchain-center-in-europe-looking-at-iot-smart-cities-market/)

Why is it absolutely nothing? Where does the cryptocurrencies alligned? Cryptocurrencies used blockchain technology. All of projects I've seen had their own blockchain technology.
Yes, they are both different in terms but they dynamically function as one. Blockchain technology as well as cryptocurrency are interconnected with each other. There can be no cryptocurrency without blockchain technology.
Don't say it is absolutely nothing because you don't know the future. In addition, why does the company will store they data in a decentralized blockchain? They will store in a PUBLIC ledger?

You mean to say that these companies are just using the name of blockchain technology or crypto currencies to spike their stocks int he real world? I mean it does look like the same in many article because there has been the similar announcement in the past but none of them seem to have any real progress in the stated theories. So sometimes it feels really shady.

Also notice one more thing that whenever there is positive thing happening in the world then crypto currencies actually get spiked and in the cases that we are discussing here, nothing like that happened. So does that mean its just coming out fo the thin air and there are no real developments going on?

Maybe they are also planning on developing their own cryptocurrency which I feel will be a plus to the cryptocurrency industry

It is a good news for crypto enthusiast that Japan, one of the most advanced and developed country in the world is moving towards the innovation of cryptocurrency. These new technologies are going to revolutionize the way consumers and businesses buy, sell, and distribute goods and services.