German engineering giant Siemens announced on Wednesday plans to invest about 600 million euro in an industrial and tech hub in Berlin. Siemensstadt, which translates as “Siemens City,” will focus on innovative technologies such as artificial intelligence (AI), blockchain, data analytics, electric cars, distributed energy systems, and energy management.
The new mega-project in Spandau, a western borough of Berlin, will transform the region into a futuristic district to support the interaction between sciences and business, Siemens said. The plan is to have the tech park and the infrastructure for startups ready by the end of 2030.
Currently, Siemens has its main headquarters in Munich, the capital city of Bavaria. However, the company was founded in Berlin in the 19th century, and the current investment will help it move back to its roots, where the first factories were built.
Siemens CEO Joe Kaeser revealed that the new Siemensstadt would resemble the original one, also located in Spandau. He commented:
“The idea behind the founding of Siemensstadt in 1897 was to combine space for working, researching and living to cultivate a beneficial symbiosis for a successful future.”
“Today, too, we need to rethink the future of work. Working, learning and residential living will be more integrated, and increasing connectivity among people and things will create new ecosystems,” Kaeser added.
While the company offered no estimate, the new facilities are expected to create hundreds of jobs. Berlin Mayor Michael Mueller stated that the investment would increase the city’s status as a scientific hub.
In August 2018, Siemens Financial Services collaborated with Standard Chartered to trial blockchain for bank guarantees by using the technology offered by TradeIX.
Source
Topic: Siemens to Explore Blockchain, Other New Tech in Planned 600M Euro Hub (Read 949 times)
Latest news: