International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on February. 25.

Cisco CTO Dave Ward reportedly mentioned that the new center — there are fourteen worldwide — can facilitate stimulate the event of recent technology within the region. The branch in Singapore will supposedly think about cybersecurity, the internet of Things (IoT) and blockchain technology.

The IT firm will reportedly provide numerous prototypes and show potential applications of latest technology in numerous business contexts, similarly as publically administration and education.

The center can supposedly showcase the Rotterdam Project, during which numerous aspects of port operation as well as vehicles, cargo, cranes, rails and water levels are totally automated by 2023. Ward reportedly stated that the identical technology may well be utilized in developing ports in Singapore and Thailand.

Cisco has been actively developing blockchain technology in recent years. In 2017, the firm joined the Enterprise Ethereum Alliance (EEA), the world’s largest ASCII text file blockchain initiative in July 2017.

In March 2018, Cisco filed a patent with the u. s. Patent and Trademark workplace for a technique of confidential group communications supported blockchain technology. The patent supposed to handle common challenges faced by messaging groups:

“How group membership is established, communicated, updated, and secured from unauthorized tampering are common issues that a construct isn't offered that may be effective within the context of dynamic, redistributed, and self-organizing group.”

Earlier this month, one in every of the most selective universities in China, Fudan University, opened a blockchain research facility on its campus. the center can conduct analysis on blockchain technology, showcase numerous applications, additionally to providing coaching services.

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