[2015-04-10] Samsung Plans to Take Bitcoin Technology Beyond Virtual Currency

[LiteCoinGuy]

#Samsung Plans to Take Bitcoin Technology Beyond Virtual Currency#

Samsung Electronics Co. is working with International Business Machines Corp. to use bitcoin technology for new applications.

http://www.bloomberg.com/news/articles/2015-04-10/samsung-plans-to-take-bitcoin-technology-beyond-virtual-currency


wow...

[Spamela Anderson]

I'm never quite sure what this means for bitcoin or how they will utilize the technology.

The bitcoin blockchain could allow for cheaper money transfer and be used for storage of files like songs and videos, which currently require companies to either buy hundreds of servers or lease capacity from other service providers.

Like how can songs and videos be stored on the blockchain? Won't it actually cause problems for bitcoin if it happens?

[LiteCoinGuy]

I'm never quite sure what this means for bitcoin or how they will utilize the technology.

The bitcoin blockchain could allow for cheaper money transfer and be used for storage of files like songs and videos, which currently require companies to either buy hundreds of servers or lease capacity from other service providers.

Like how can songs and videos be stored on the blockchain? Won't it actually cause problems for bitcoin if it happens?

https://www.youtube.com/watch?v=4nOfHpOFhN8