Fujitsu, one of the biggest IT companies in the world, recently announced the launch of its own blockchain innovation center headquartered in Brussels. The center will primarily deal with blockchain research and develop “smart city” projects in collaboration with Brussels and private and public organizations.
The worlds third biggest smartphone manufacturer, Huawei, is also considering a blockchain-based smartphone line with the option of running applications based on blockchain technology. This would increase adoption significantly. They’re planning to do this by partnering with Sirin Labs, a company which already have an OS for blockchain integration – Sirin OS. Huawei intends to license Sirin’s work to start production. Sirin Labs also have their own smartphone in development which will have cold storage built in and a way to easily convert fiat into cryptocurrency or crypto tokens used for running applications on the blockchain.
Following the G20 summit in Argentina, the French Prime Minister Bruno Le Maire formed a task force through which to regulate cryptocurrencies by forming a framework and a set of rules for decreasing the cryptocurrency ecosystem’s effect on the rest of the economy. This will help France combat money laundering and tax evasion. Le Maire stated that the task force will be led by the Governor of the French Central Bank in an effort to minimize negative effects of cryptocurrencies on the economy and to fight cryptocurrency-related crime, while at the same time enhancing, supporting, and pushing blockchain innovation forward to further improve economic growth and develop ICO-powered businesses.
Meanwhile, UK’s Treasury announced a new cryptocurrency task force as part of their fintech efforts. The group will be formed by the Bank of England and the FCA who will both regulate and study the advantages and downsides of blockchain technology. UK is in the process of signing an agreement with Australia which will let UK’s Fintech companies sell goods and services there, and which should also contribute to the booming collaboration between banks and fintech companies.
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