SAMSUNG will use blockchain technology to manage global shipping network

[tumis]

The global electronic giant will use blockchain technology to manage the company's global shipping network. Samsung Electronics is considering the introduction of blockchain accounting to improve global tracking of shipments worth tens of billions of dollars a year. The system can reduce shipping costs by up to 20 percent, Samsung analysts say.

https://www.investopedia.com/news/blockchain-may-cut-samsungs-shipping-costs-20/

[metenjean]

Its not suprising since Samsung is a company that looking towards the future, blockchain technology mainly used as a ledger for these companies to ease the logistic and shipping network between continent. I think ebay or amazon become the first to implement these technology into their operation years ago to cut cost and human error. Anything is good as long as its purpose is to ease work and cut cost. 

[Impros88]

i am thinking that samsung company will leading in blockchain technology and will earn so much profit , we need when samsung will create own tokens to buy them and hold also

[BingoDog]

Samsung is inovative company and I'm surprised that they haven't made such step even before. But being used by such company is good promotion for other copmanies to make step further towards usig blockchain in their business model. But of coures they are not using that to promote blockchain but for their own benefit.

[lauranaura67]

That's old news. Sooner or later, all the big companies will start entering the cryptosphere. We are witnessing the biggest wealth distribution in the history of mankind..you can't expect the big guys to just sit on the sidelines and watch it happen without them being involved.

[TRIPLEVODKA]

I think that will be push cryptocurrency in future, Samsung choose good choice, because they use newest technology to push their service to be better.
By use Blockchain all will be easier and will be more big company want to move to the Blockchain technology.

[PsylockReborn]

The global electronic giant will use blockchain technology to manage the company's global shipping network. Samsung Electronics is considering the introduction of blockchain accounting to improve global tracking of shipments worth tens of billions of dollars a year. The system can reduce shipping costs by up to 20 percent, Samsung analysts say.

https://www.investopedia.com/news/blockchain-may-cut-samsungs-shipping-costs-20/

One of the big fish is using blockchain. Expect a token or a new coin from Samsung in the near future since Samsung is always embracing future possibilities when it comes to technology that gives them so much profit. This blockchain technology brings a lot of future projects and ease to businesses worldwide so no doubt that cryptocurrency will boom as well few years from now.

Any project or application that will be backed up by Samsung will surely succeed. Hopefully this giant company will invest a lot in crypto or even try to create an altcoin of their own for future usage of different applications and innovations. Can't wait to witness awesome innovations using blockchain from this giant company. Many investors would surely ride along the way if this will happen and will surely get huge profits.

[semes]

this is the fact that no wonder is not something. at least for me like this. only Samsung, not a lot of the firm's this technology is time to use came in. I recently kfc'nin in Canada bitcoin with accept payment will description of me surprise has never been. blockchain technology, Super and future technology. son of man close to a period of his life every area of this great development of use. this technology is the use of increased, the human life great çağlarından one more exceeded may be. industrial revolution modernization beginning of human history, blockchain with a phase more jumped will be. we this process from the start yakalayabilen people as the future, it is proudly anlatabiliriz. Samsung really smart people who managed, it is equivalent of the many years growing and emerging market share with received. blockchain using the decisions of the I think it is very sensible and time is also very accurate. many Samsung product that uses as one, blockchain with live development look forward looking forward to.

[brylle34]

The global electronic giant will use blockchain technology to manage the company's global shipping network. Samsung Electronics is considering the introduction of blockchain accounting to improve global tracking of shipments worth tens of billions of dollars a year. The system can reduce shipping costs by up to 20 percent, Samsung analysts say.

https://www.investopedia.com/news/blockchain-may-cut-samsungs-shipping-costs-20/

Big companies like Samsung are sure knows and studying all about crypto currency to put their companies into crytpo world because its a also a good source of investors, and also another ways of stocks, so its has no doubt that almost companies in the world specially the big companies will use crytpo to earn and get a lot of profit from it. There is a token that i got from an airdrop powered by samsung its name is ubcoin.io, you can see their project here https://ubcoin.io/

[penig]

And this is one major reason not to get too invested in inventory/asset tracking crypto's, because large manufacturers can implement their own blockchain system in house without the "currency" piece that comes with costs.  This will apply to industries too if groups of companies can agree on one common system. 

[wantjokull]

i am thinking that samsung company will leading in blockchain technology and will earn so much profit , we need when samsung will create own tokens to buy them and hold also

Come on buddy it’s not about that, it’s not always about creating tokens or something like that. This article should talks about the use of blockchain technology and how Samsung will use it for tracking purpose. Why would they need token for that anyway. They are just real world company who will take advantage of open Blockchain to help boost their system process. Don’t compare it with something like ICO’s and stuff, that world is completely different one.

[Xester]

The global electronic giant will use blockchain technology to manage the company's global shipping network. Samsung Electronics is considering the introduction of blockchain accounting to improve global tracking of shipments worth tens of billions of dollars a year. The system can reduce shipping costs by up to 20 percent, Samsung analysts say.

https://www.investopedia.com/news/blockchain-may-cut-samsungs-shipping-costs-20/

After reading there is no such mention of creating or accepting cryptocurrency  as a mode of payment thus this has no connection to the cryptocurrency world. The only thing related is the use of blockchain technology. Blockchain Technology is very useful in tracking their shipments all over the world and not only Samsung have an eye on this technology but also to some big shipping companies.

[gjtnwls1]

I read this news too. I hope that Samsung accept or somehow people can use SamsungPay to make a payment with crypto. It will be great!!

[cordlesslake]

We must congratulate Samsung on its innovation. Blockchain must be used to solve concrete problems by improving people's lives and the efficiency of companies.

[Bessta]

This is an awesome development. Another big company using blockchain technology. More profit for samsung because of less expenses and satisfaction for consumers due to efficiency brought about by the blockchain technology.  Hope more big companies follow samsung's big technology leap. Kudos samsung.