Samsung to Use Blockchain for Global Shipping

Korean tech giant plans to reduce shipping costs by 20% using blockchain technology
16 April 2018   832

Technology giant Samsung is considering the possibility of using blockchain in its systems to track and manage global supply chains.

In a conversation with Bloomberg, the blockchain head of the Samsung SDS - IT-division of Samsung - Song Kwang-woo reported that the use of the blockchain will reduce costs by 20%.

The representative of the company confirmed that SDS is working on the creation of a blockchain platform for Samsung Electronics, which makes it one of the first large manufacturers seriously thinking about integrating the technology on such a scale.

It will have an enormous impact on the supply chains of manufacturing industries. Blockchain is a core platform to fuel our digital transformation.
 

Song Kwang-woo

Head of Blockchain, Samsung SDS

SDS expects to handle 488,000 tons of aviation cargo and 1 million 20-foot equivalent of shipping units in 2018. This includes advanced Samsung devices, including the Galaxy S9 and the upcoming Note 9, as well as OLED displays for the iPhone X and much more.

In addition to tracking shipments, the platform on the blockchain can shorten time and improve the efficiency of product launching processes and their delivery to the end user.

Samsung SDS is a member of the Enterprise Ethereum Alliance (EEA). The company successfully carried out the first experimental delivery of cargo from Korea to China, during which the whole process was controlled by the system on the blockhouse, at the end of 2017.

More than a year ago, Samsung SDS launched its own blocking platform Nexledger, intended for corporate users.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   106

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!