Electronics Giant looking into a Samsung Blockchain Supply Chain System
Samsung, the world’s largest producer of smartphones looks to manage its global supply network using blockchain. 2018 would include 488,000 tons of air cargo and one million shipping containers, with aim of cutting costs by up to 20 percent. VP and Blockchain Chief, Song Kwang-Woo said: “Blockchain is a core platform to fuel our digital transformation.” Aiming to be a forerunner in the blockchain technology market, Samsung have already released other blockchain products, including Nexledger for transactions and ‘tagtok’ turning physical objects into blockchain nodes with blockchain IoT specialists Riddle&Code.
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