Japanese tech giant Fujitsu recently took a major step forward in the crypto sector, filing a trademark application for a wide range of banking, financial and cryptocurrency-related services.
This international technology company has filed a trademark application covering a range of financial services, including currency exchange, securities trading, insurance brokerage, tax planning and cryptocurrency trading, trademark attorney Michael Kondoudis shared with the press on March 21. , who specializes in NFTs and metaverse licensing.
Filed on March 16 please indicates that Fujitsu is looking to expand into the banking, financial and crypto sectors. The move is notable given Fujitsu’s status as one of the leading technology companies, and underscores the growing importance of digital finance and cryptocurrencies in the broader context of technological innovation.
The filing of the trademark application is likely to generate significant interest and speculation in the technology sector, as industry insiders and analysts seek to discern Fujitsu’s intentions and possible strategies. As a leading player in the technology industry, Fujitsu’s foray into the world of digital finance and cryptocurrencies might shake up even players who have been less interested in the topic so far and reshape the financial services industry landscape.
Fujitsu is also working on building Japan’s first quantum computer
Another interesting development regarding Fujitsu is the news from last October that the technology giant is working together with Japan’s most important research institute, Riken, on the development of Japan’s first quantum computer.
This development may even cause a conflict with Fujitsu’s activities exploring crypto services. Because there have already been serious concerns in the crypto sector regarding what the appearance of these new and high-performance quantum computers might mean for the security of cryptocurrencies. There has been a lot of speculation regarding how the latest developments in quantum computing might affect cryptocurrencies like Bitcoin. There have also been fears that it might be used for malicious activities, such as accessing Bitcoin wallets by cracking asymmetric encryption.
Their fears were confirmed at the end of January 2022 by researchers from the University of Sussex, who wrote in a research paper that it is expected that quantum computers will be able to crack the SHA-256 cryptographic algorithm and erode the impenetrability of the Bitcoin network within the next decade.
