Blockchain attracts strong interest from international giant Siemens

Bitcoin Home News June 29 CoinDesk News   Siemens, a global giant in the field of electronic and electrical engineering, plans to provide $ 1.1 billion in support for blockchain startups and projects through a newly established unit.

On June 28 , Siemens announced that in the next five years the company's focus will shift to artificial intelligence, next-generation propulsion systems for small aircraft, and decentralized electronics.

Siemens said in a statement:

“ The new business unit will also focus on so-called blockchain applications that aim to make data transmission in industrial and energy transactions easier and more secure, for example. ”

The new business unit is called "next47" and will be dedicated to developing markets in China, the United States and Germany.