After joining a number of market leaders using blockchain, Korean giant Samsung is once again eyeing up the emerging technology - this time for supply chain solutions.
Statements issued by Samsung SDS, the company's IT and logistics-focused subsidiary, have re-tabled the tech giant's prospering interest in blockchain technologies.
Anticipating a titanic half-million tons of air cargo in 2018 alone, SDS envisages blockchain will slash costs by 20% for the 66 billion-dollar empire's boundless global supply network.
Samsung has not confirmed their blockchain-augmented supply chain, yet the prodigious IBM/Maersk collaboration should serve as a pointed reassurance to apprehensive shareholders to whom blockchain will invariably be Greek.
While the supply chain solution would be a new venture for Samsung, the tech powerhouse has taken a series of steps to establish itself as an early adopter of blockchain technologies.
Spending more than $10 billion on research and development each year, the application of blockchain to supply chain is an unsurprising step for the multinational, lying in the wake of 2017's ramping pro-blockchain rhetoric.
2017 was a busy year for Samsung, the company establishing intimate connections with all avenues of the blockchain industry, ranging from investment to entrepreneurship.
April saw the company launch their very own enterprise-grade security platform Nexledger, a July investment into Blocko, and an August entrance to Hyperledger -an open-source blockchain consortium.
Samsung SDS' blockchain technology and consulting capabilities will contribute to Seoul's leap as a top-rate global city.
Second, only to IBM, Samsung sports a whopping 5518 US patents, and may soon enough be registering their very own proprietary instance of blockchain technology.
Samsung Eyes Blockchain for Supply Solution
Publicado en Apr 16, 2018
by Cryptoslate | Publicado en Coinage
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