Samsung uses Blockchain

The world’s biggest producer of smartphones and semiconductors Samsung may use the blockchain to manage its global supply Network. Samsung Group is one of the first global manufacturers to take a serious look at using the distributed ledgers in its operations. The company wants to use the blockchain-technology to reduce its cargo expands (Crypto Future has already mentioned the blockchain's cargo potential in another blog post). Samsung expects to handle 488,000 tons of air cargo a.o. this year - including displays and Galaxy S9 phones. A blockchain system may support the company to reduce the time lag between product launches and actual shipments, making it easier to respond to rival products and shifting consumer demands in emerging markets like China.

(CF ed. / Bloomberg)


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