Samsung Considering Blockchain Technology for Global Supply Network

[hasyu]

A world famous largest makers of smartphones and semiconductors is now thinking about blockchain technology for their global shipments network. Samsung’s IT subsidiary is looking to the technology. Vice President of Samsung and chief of blockchain thinks that adoption of blockchain to Samsung current systems could cut costs up to 20% of recent costs.
Tech giant of South Koreans added Nexledger last year which works as transaction management tool for them. When announcing Nexledger Kwangwoo explain in press conference that during developing Blockchain platform we assumed about how to join our powers and knowhow our system integrate their services skill with the advantages of block chain technology.
Company have faith in that entire global shipment of Samsung network could be moved on the Blockchain. In 2018 company shipment volumes are set for over 480000 tons of air cargo and over one million shipping containers.
For many sectors of our lives like cross-border payments, healthcare, and supply chain management Blockchain technology has demonstrated to revolutionary. Recently predicted an Inc. Gartner that businesses related to Blockchain by the year 2025 will create value of 176 billion USD. Blockchain technology helps save time and money with processes of global trade and with information stored on Blockchain are available immediately and speeding up processes.