Samsung could use blockchain for global shipping

Blockchain was undoubtedly the buzzword of 2017 and despite all of the negativity attached to it due to cryptocurrency scams, the underlying technology does have great potential in a wide variety of fields. As companies like Huawei are likely developing smartphones capable of running blockchain apps, Samsung isn’t taking that step just yet, but it may decide to adopt the blockchain technology for something else entirely. Samsung is the world’s largest vendor of smartphones as well as the top semiconductor manufacturer by revenue. As you can probably imagine, it has a vast and complex global supply network. Bloomberg reports that Samsung might adopt blockchain to manage its supply network. It feels that this technology might allow the company to ship phones and chips faster.The scribe quotes Song Kwang-woo, the head of blockchain at Samsung, who says that the technology can also help Samsung cut down its shipping costs by as much as 20 percent. When you’re a company at Samsung’s level

Samsung could use blockchain for global shipping

Twitter CEO Jack Dorsey recently stated in an interview that blockchain would become the "next big unlock" and the technology could be used for more than just financial transactions. Samsung ...

Mon 16 Apr 18 from Techspot

Samsung Might Adopt Blockchain As Well

Blockchain was undoubtedly the buzzword of 2017 and despite all of the negativity attached to it due to cryptocurrency scams, the underlying technology does have great potential in a wide ...

Mon 16 Apr 18 from Ubergizmo

Samsung may use blockchain for its global shipping system

Samsung is considering shifting to a blockchain-based system to keep track of its product shipments around the world. According to Bloomberg, the head of blockchain at the company, ...

Mon 16 Apr 18 from Engadget

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