Blockchain technology known as actor behind transactions Bitcoin cs now planned by Samsung to bring its product line to the consumer.
Samsung blockchain technology applying consider central to track shipping logistics globally, which is worth tens of billions of us dollars setahunnya. It disclosed the Song Kwang-woo, Vice President of Samsung SDS, a subsidiary that is responsible for providing ICT needs in logistical purposes.
Based on the description of Samsung SDS, the application of technologies that are also aspects influenced transactions using cryptocurrency like Bitcoin, Ethereum, and the Ripple trim shipping costs by 20%.
In addition, if Samsung really implement it, then they will become the first mobile phone vendors to apply technology blockchain on its distribution operations.
This will pose a huge influence in the supply chain for the manufacturing industry. Blockchain is the premier platform in accelerating the transformation of our digital
To realize this, the largest manufacturer of semiconductor and smartphone world will hand it to Samsung SDS. Blockchain system is estimated to be able to help Samsung reduce the distance in time between the launch of products with delivery to the consumer.
This will minimize unexpected costs as well as reduce the number of non-technical barriers, which means maximizing efficiency and visibility. This implies a better consumer confidence
Efficiency can be the added value of the most expected from the application of the technology of blockchain. This year, Samsung SDS estimates will handle air charge with weights a total of 488,000 tonnes as well as one million TEUS (20 foot equivalent units), or a twenty foot equivalent unit via waterways. This charge includes an OLED display to Galaxy S9.
In addition, the implementation of technology blockchain on shipping activities is estimated to be able to reduce the time required in taking care of the documents as well as coordination with the port.
It can trim costs because, based on International Business Machines that work together with A.P. Moeller-Maersk A/S in automation as well as cargo tracking, shipping documentation fees against using containers doubled, or it can be more, than for the purposes of transport