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Author Topic: samsung is riding the blockchain train  (Read 344 times)
Jonsnowstark
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April 16, 2018, 11:38:18 PM
 #1

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain

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April 17, 2018, 12:02:18 AM
 #2

A big market player like Samsung joining the Blockchain users is going to be great considering the influence it (Samsung) will have on Blockchain. I am very positive other big firms will join the blockchain very soon after realizing its benefits.

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April 17, 2018, 01:49:24 AM
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Sooner or later all the big players will join the blockchain, refusing to do it would be losing market, staying in the past. I think Japanese and Korean brands will be the first ones to join the blockchain, western companies will arrive later.

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April 17, 2018, 02:16:53 AM
 #4

Yes, Samsung and even NASA is planning to utilize blockchain technology for their work! I think this will have positive impact for cryptocurrencies in general. In directly this will help Bitcoin price to Moon ( fingers crossed!!!)  Anyways blockchain as a technology is extremely valuable and more and more industries and sectors will utilized it in the coming years.

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April 17, 2018, 03:52:35 AM
 #5

good information, samsung always has good innovations in the technology world, and now samsung wants to control open source blockchain transactions.

I think Samsung will be a partner that supports the blockchain system, and even Samsung should create more platforms that support the blockchain system, because will be a lot of world demand.

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April 17, 2018, 04:05:10 AM
 #6

Maybe this will have a positive impact on bitcoin because big companies and have a worldwide market have adopted bitcoin technology may bitcoin price will also be psoitive in the future.
Thank you

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April 17, 2018, 04:36:20 AM
 #7

Samsung wouldn’t be one of the biggest conglomerates in the world if the people running it aren’t smart. They know a good thing when they see one.

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April 17, 2018, 05:39:52 AM
 #8

It is true that Blockchain technology is very helpful and profitable for business people to help simplify their business transactions.
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April 17, 2018, 06:37:45 AM
 #9

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain

I don't think that we can call it riding. Blockchain is really useful specially protecting your company's data. And we all know that data is a very big assets and its like the backbone of all businesses around it.

So its logical for a company as big as Samsung to really take advantage of this technology. This is really one advantage of blockchain, data protection and can be share very quick if someone needs it in a hurry to make big business decisions. So I'm not surprise at all with this move coming from Samsung.

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April 17, 2018, 06:39:41 AM
 #10

If Samsung is riding the blockchain train than this mean that bitcoin's technology is success and this will prove to that bitcoin is good for the technology world.

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April 17, 2018, 06:42:04 AM
 #11

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain


I believe this will be a good news for the cryptos as blockchain is the medium crypto is using and a prestigeous brand like samsung go into blockchain deifinitely will make more people aware of how the crypto works and their advantageous. Direct or indirect impact will definitely be shown in the near future.   
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April 17, 2018, 06:48:41 AM
 #12

This is great news for the blockchain industry.  Obviously Samsung is a huge company and hopefully more companies will join the party.  I think if you are a big company and not at least have a reasearch team looking into on the blockchain technology, you will be looked at as not forward thinking. 
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April 17, 2018, 06:51:13 AM
 #13

If Samsung is riding the blockchain train than this mean that bitcoin's technology is success and this will prove to that bitcoin is good for the technology world.

It's been 9 years since blockchain become successful and the proof of it is us that continue using it until now. The adaptation of Samsung on blockchain tech is not the beginning of blockchain success but continuation rather. This is a good sign for a bearish market. Bitcoin will skyrocket again until December.

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April 17, 2018, 06:51:43 AM
 #14

Indeed, the logistic industry would benefit greatly by applying blockchain technology. In fact, many companies have realized the benefits of blockchain and started moving into the blockchain field. Samsung's interest in Blockchain is a prelude to technology that really benefits them

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April 17, 2018, 06:55:55 AM
 #15

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain

good to see also samsung recognizing the power of blockchain. More and more companies are hopping on blockchain train, it will only continue for years to come...

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April 17, 2018, 07:20:53 AM
 #16

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain
is good news, companies as big as samsung start using bitcoin technology, more and more giant companies are joining bitcoin. hopefully this good news can lift the bitcoin price fore.
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April 17, 2018, 07:26:27 AM
 #17

is it necessary for ANY big company to get in the bandwagon of blockchain?
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April 17, 2018, 08:14:42 AM
 #18

Well blockchain technology is really strong as a ledger system itself. As a large company like Apple, I think it could really help them track down transactions in their manufacturing industry from the supplies being shipped globally to getting the sales they're getting. I think they might also consider launching their own coins into it. It could help also the users in buying their own products in digital stores.

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April 17, 2018, 08:28:29 AM
 #19

Everybody will onboard the btc train sooner or later, even banks. No one smart will willingly miss the biggest wealth generation in history.
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April 17, 2018, 08:37:04 AM
 #20

this is interesting but the more interesting and also relevant to bitcoin news is all the big companies that are starting to get involved with bitcoin one way or another. most of them are just adding bitcoin payment to their platforms but some like the computer hardware manufacturers such as Intel are starting to produce ASIC machines for mining which is so great for further decentralization of bitcoin.

in short everyone these days are getting involved with bitcoin and also blockchain technology in their own ways because they all see the potential in it.














 

 

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