samsung is riding the blockchain train

[nicko122]

It will be interesting to see how they implement the technology in their company structure. Samsung is quite an advanced company in the current technology market, I hope, after it, other companies will follow the same path.

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[Pursuer]

People talk a lot of how archaic banks are, but I must say that the shipping industry is probably even worse. There are always a huge number of papers involved in each transaction (like clear payments, contracts, inventory, etc), so I'm sure the blockchain will make a huge difference for this business, and this move from Samsung doesn't surprise me. They are actually very committed to the blockchain, by first entering the asic industry, and will now actually use the blockchain technology to simplify their shipping department.

I don't think that much is going to change about this. there will still be a lot of paper being involved in shipping industry even if they all switch to the blockchain technology. the process is always the same too, the tools are changing and this change which would be usage of blockchain technology can make it so much faster and secure.
although depending on whether it is a distributed ledger or a centralized database it can be a very different approach. I am very interested to see how blockchain technology is going to be implemented by other areas other than currencies.

[Direwolve735]

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 think this is great that crypto-currency and blockchain technology is introduced into the core business. Samsung plans to use the blockade to optimize the logistics of its electronics business. Looking at the example of this large world-famous company, other enterprises will also begin to introduce blockchain technology into their production. The world must see what opportunities blockchain opens up.

[cryptojohn9]

sounds good samsung always try to make new innovations in the technology .  i think this will have a positive impact on bitcoin specially cryptoworld . Samsung is a giant company and if all the tech giant company come to join in this field then blockchain technology improved more and more

[crptomoon1001]

good sign... however 10 years down the line everyone will be on blockchain

[marites]

I am glad to read this thread because Samsung is a big company and also have a good reputation to its client.
If Samsung is starting to engage in Crypto currency well I think some company who are competing to Samsung like any  other telecommunication company are also interested to join in our community.

[khelan]

this is really good for future market.I heard Ubicoin is supported by samsung.I really looking forward to ubicoin project for future investment.

[Ilegendph]

sounds good samsung always try to make new innovations in the technology .  i think this will have a positive impact on bitcoin specially cryptoworld . Samsung is a giant company and if all the tech giant company come to join in this field then blockchain technology improved more and more

Samsung made the right decision by showing to other companies the another possbile application of blockchain. I hope that the companies that will engage in using blockchain technology will use existing platforms so that to boost the industry and I believe that they will do it since it is much cheaper method than hiring a group of people yo do the coding, buying the equipments for mining and other maintenance of the network.

[MostafaGamal]

Good news, and I think it was expected, most companies are now going to use Blockchain technology and we will see more in the coming years

[Gyromancer]

Well, that's very good news. Bitcoin brings changes to technological developments.  Samsung, as one of big company, want to adopt the technology that is applied in bitcoin. Of course , this is a very great technology competition. No doubt if blockchain is a successful and effective technology. Blockchain is able to build a peer to peer system without a central controller that controls the system. Hopefully, other companies are also more motivated to create more sophisticated technology again.

[elbimbo012]

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

This only means that blockchain technology are currently exploring by developer savvy to maximize  its uses not only as payment system but also for tracking and inventory of stocks or shipments this can create accuate report for the status of shipment.

[Raidal]

Not only Samsung, I believe that other companies want his business to run clearly and quickly. I am sure if Samsung is successfully implement this blockchain technology so other big companies will adopt this technology as well. One day, I believe that blockchain technology can replace credit and debit card systems that can be accessed across countries. If it happens so it could be a great breakthrough this century.

[Anies_Sandi]

Good news, and I think it was expected, most companies are now going to use Blockchain technology and we will see more in the coming years

it is very good to use smartphone it is bitcoin search tool, because it is easier for us too, so I also agree that this is developed again even good, but I think not only samsung just used, because more banyk more smartphones that can be used, any brand. so with the development of the times then we must follow it.

[Catch-22]

Samsung do really now a great thing coming when they see one. They just recently went in manufacturing bitcoin mining chips. Now this. It’s good to have one of the biggest conglomerates on board the cryptocurrency industry.

[Glory90]

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

Blockchain technology is growing, I believe sooner or later many big companies will adopt it because this technology can provide many benefits for them such as track every step of a shipment’s progress, transparency for customers and auditors, accounting and so on.
nowadays Samsung is consider to adopt Blockchain technology, I hope that happens and will inspire other companies to adopt it, especially adopting Blockchain technology from one of cryptocurrency  

[freesia_pnp888]

they are good at software so im looking forward, really.

[Innuend0]

yes

[TianaStam]

As someone said 'Blockchain is here to stay for long'  and all the story with such giant as Samsung is just another prove for that.
Unfortunately the success of Blockchain has nothing with Bitcoin and it is pretty possible that one day Bitcoin will leave us one day.

[Sinecoin]

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

It's definitely great that a lot of companies including Samsung are hoping on the blockchain bandwagon.  The applications for blockchain are endless and i think it will become a the new standard in the upcoming years for the process of verification and the process of managing transaction data for any number of industries.

[Innuend0]

ok