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The leading Japanese information and communication technology (ICT) firm Fujitsu recently announced the opening of its international Blockchain Innovation Center in Brussels, Belgium to explore the technology’s potential applications in all possible areas, according to a  press release published March 21.

In its official statement, Fujitsu claimed that the new center will research and develop Blockchain-based solutions in “sectors of all kinds”, from Distributed Ledger Technology (DLT)-based audits to Blockchain-based voting.

Yves de Beauregard, head of Fujitsu Benelux (Belgium Netherlands Luxembourg), noted growing interest to Blockchain technology among customers and claimed that many DLT-based applications are still unexplored.

“This is just the beginning, as we intend to explore the wider potential use of blockchain in a variety of commercial areas,” Beauregard said.

According to the company’s press release, Brussels was chosen as the location of the Blockchain Center for its "geographical, political, technological and linguistic advantages for international organizations that are considering applications of blockchain technology."

Previously Cointelegraph reported that Japanese Blockchain and cryptocurrency firm Tech Bureau offered its private Blockchain to Belgian company Digipolis, an organization for inter-municipal ICT services for Belgian cities Ghent and Antwerp, as part of “The Blockchain Lab” to provide the more efficient administrative framework for cities.

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16 digital money trades in Japan are hoping to set up a self-administrative body, so as to relieve fears and vulnerability following the Coincheck hack prior this year. 

Image Source: Max Pixel

Following the huge Coincheck digital money robbery in January this year, 16 Japanese crypto trades enlisted with the legislature are wanting to shape a self-administrative body, to resuscitate trust and infuse a feeling of the request in the unregulated crypto showcase.

According to a report by Reuters, the trades discharged an announcement on Friday, affirming that the body will likewise be available to other crypto trades, including the individuals who intend to apply for enlistment with the administration, and those whose enrollment applications are right now pending.

The improvement comes after an arrangement to frame an administrative body by combining the Japan Cryptocurrency Business Association and Japan Blockchain Association was racked not long ago.

In the interim, points of interest on the self-administrative association being set up by the sixteen trades stay vague – the body's name, its extension, and its enlistment status with the legislature are as yet unannounced, despite the fact that sources guarantee the association will be built up by spring this year.

A year ago, Japan was among the primary nations to observe cryptographic money trade tasks keeping in mind the end goal to secure financial specialists and brokers, alongside keeping the unlawful utilization of advanced monetary standards. Be that as it may, the current Coincheck hack, which brought about misfortunes of over $500 million, brought Japan's administrative setup under expanded investigation, inviting experts to take stricter measures to guarantee a protected domain for advanced money exchanging.

While most nations have embraced a vigilant approach towards advanced monetary forms, Cryptovest as of late secured a strong move by the Marshall Islands, which plans to present the world's first sovereign cryptographic money, SOV, and give it the status of legitimate delicate in the nation. This implies the computerized cash will be viewed as great to pay open and private obligations and will go about as 'genuine cash', like other national fiat monetary forms, for example, USD.

With expanding introduction and the advantages of blockchain innovation pulling in more consideration, different nations may likewise begin pushing towards reception – keeping in mind the end goal to do as such, administrative structures will be vital.