samsung is riding the blockchain train

[Nolivelasco13]

That is a great move, because for the company like samsung shipment on time is very important.

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[sotoshihero]

I think this blockchain has a great potentiality in many sector, crypto is the starting. In addition, blockchain is a digital ledger that can be used to track and verify anything. So, Samsung’s supply chain manages everything from the flow of components for its devices to the shipments of its finished products to store shelves.

Of course,  blockchain technology has so much application in our industry  from business,sciences,medical,engineering and so forth. This new technology will enhance many process from financials and even in governance.

[Odlanyer]

We are in the modern technology so sooner or later Samsung are part of blockchain, Samsung's interest in Blockchain is a introduction to technology that really benefits them.

[wtbhitlv]

In recent months, many big companies have begun to focus on block chain technology. The news of these well-known companies is very good for the development of encrypted communities, which will allow more people to understand block chain technology and allow more people to join the encrypted community.

[GeorgiyBilyk]

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

Samsung went for Sony company! they have long started talking about this introduction! Now the world is very much changing and who will have time to adapt to change, then otsanetsya! those companies that ignore the development of the entire crypto market will be very hard for them in the future! maybe they will even cease to exist!

[jorgelugra]

I have never heard about this. Thanks for sharing the news. It was interesting to read information provided at the link you have shared. I don't think that Samsung will ride the blockchain train for long

[shalaza]

That is goodnews. A big player like samsung getting into the gameis what the market needs right now,it will boost confidence and the improvement would be felt in a very short time

[teejayrichard2]

i can say am not totally surprised about samsung joining the blockchain ride beacuse surely they must have seen the great potentials bitcoin has in the cryptocurrency world and thus want to join the revolution in the world

[AlexAtom]

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

Yeah, everything will become automatic in the future. cryptocurrency is one of the tools to activate it.
Other than your news, i heard that samsung is making a chip for mining bitcoin too. This big company seems want to adopt technologies quickly.

[novsali]

It is nice to see big companies coming to crypto. It will definitely push the prices of all coins up as it will increase the awareness among people.

[ynclksnr321]

We will definitely continue to hear about this kind of blockchain technology. Also, make sure that this deposit will be the earliest earners most winners. We will soon hear the very positive news. I hope we will go back to the good days again.

[mahilchii]

This is a good news and the other part of it is they have come up with this idea to make their organization reach the next level and reach the company to the highest level. I think major players also follow Samsung in their business model to make their company to reach to the top and also adopt latest technology for their improvement and features added for their growth with their competitor.

[lasry]

Wow. Technology really amaze me. To see that blockchain has really a lot of uses, its amazing. The company would be having an EDGE over those they compete with. With blockchain , success is guaranteed.

[Veterock]

How do you think, how long will it take and the same thing will be done by Apple?

[BarlowHayden]

 I think this will have positive impact for cryptocurrencies in general. In directly this will help Bitcoin price to Moon

[Kristy22]

Samsung SDS, the IT arm of electronics giant Samsung, has announced the launch of its latest blockchain platform dubbed Nexfinance for financial institutions.

The new blockchain platform combines existing and new technologies including big data analytics, artificial intelligence (AI) and intelligence process automation to help companies in the financial sector in their digital transformation effort, Samsung SDS said.

In a statement, Samsung SDS vice president of financial business Yoo Hong-jun added:

“Samsung SDS is planning to launch its digital finance business through Nexfinance, a digital financial platform that combines proven technology and new technology.”

Nexfinance will offer services such as digital identity, financial concierge, automatic insurance payments and an AI virtual assistant, the company revealed. Nexfinance will also be ‘open’ for developers and clients to build third-party solutions atop the platform.

Its digital identity offering will specifically use blockchain-based identification to secure customer information and enable permissioned participants of the blockchain to safely access the data. As an asset management service, the financial concierge uses AI and big data analysis to help oversee assets better. The AI virtual assistant automates billing of customer insurance claims, making it a seamless, more-efficient process for customers, Samsung said.

“We have completed the design for Nexfinance aimed at the insurance industry and we will continue to put in efforts to innovate the digital finance industry,” Samsung SDS CEO Hong Won-pyo said during a press event in Seoul upon the launch of the new platform.

While details are scarce, the company also revealed it was carrying out a ‘co-certification’ blockchain project undertaken by the Korea Federation of Banks this year after establishing a blockchain-based user authentication system for Samsung Card, the conglomerate’s credit card company, last year.

Before Nexfinance, Samsung SDS launched its enterprise blockchain platform and cloud computing solution Nexledger in early 2017. In November, the company was chosen by the Seoul metropolitan government to develop a broad roadmap for the application of blockchain tech for the city’s entire municipal administration by the year 2022.

[dalvitka]

Big companies need to adapt to the times. If they do not change they will die like nokia, yahoo, ...

[rosyantony]

Samsung is Such a big company joining the Blockchain. Its really a great news!!

[babarian]

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

big companies like SAMSUNG have an openness to accept new technologies that can simplify their work



the people behind the samsung companies have been able to implement bitcoin technology for their work to make it faster and better in delivery

[nmax21]

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

Over time, such examples of the use of blockchein technology will be more and more. It's very good news that a campaign like Samsung uses this technology.