Samsung SDS, the IT division of the South Korean technological giant, announced the launch of the Cello Square 3.0 logistics block-platform based on artificial intelligence. This is reported by BusinessKorea.
According to the release, the technology of the distributed ledger makes it possible to track the location of cargo using a mobile application in real time.
To avoid fake and fraud, with the help of a blockchain and Near field communication, the buyer will be able to obtain information about the origin of the cargo, the producer country, the name of the importing companies and exporters.
The service will also save time and cost of delivery by automatically calculating the shortest and least expensive routes.
The exact date of launch of the project is still unknown. Head of Logistics at Samsung SDS Kim Hyun-tae said that Cello Square 3.0 will become "the best service for players in the global e-commerce market".