Topic: [2017-12-21] Samsung SDS Improves Shipping via Blockchain (Read 118 times)
This is not any kind of significant news. The blockchain technology, while relatively new in the business world, existed and was in use since before Bitcoin itself. The only reason it is even being put in the news is because article writers see the word "blockchain" in a press release by a company and they immediately go into clickbait mode knowing that people get entranced by the word. Logistics and shipping companies such as FedEx, UPS, and DHL have been using the blockchain technology for a while now. Supply chain for most big corporations as well use the blockchain technology in every step of the supply chain as products and supplies change hands to verify receipt of the requested items. Just because it says blockchain does not mean it is related to Bitcoin.
Today Samsung SDS announced that a consortium led by the company had successfully concluded a monthslong test on blockchain-powered storage in marine transport, with the expectation that the technology will take the shipping industry to a new level.
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
That is impressive to know one tech big name reaching out for other tech big name . That is how things must work and that is how the block chain is going to survive and flourish in the future . Block chain has immense potential which still needs to be discovered and exlpored properly . Who thought that it could be used for shipping the transactions of documents ?
Today Samsung SDS announced that a consortium led by the company had successfully concluded a monthslong test on blockchain-powered storage in marine transport, with the expectation that the technology will take the shipping industry to a new level.
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
And this is a news that have just made my week away from the series of news concerning how bitcoin price is dropping or how bitcoin is being declared dead and the transaction fee madness that have filtered the forum in this past few days. Its high time we start seeing bitcoin beyond just a currency especially the blockchain that it goes beyond transferring from one address to another but a technology that has come to change the way things are done for decades or centuries. But because we are all greedy about how much money to make and how high could go so everyone can own a Ferrari, we ignore the beauty of this technology while the conglomerates will continue to harness it to their benefit.
Today Samsung SDS announced that a consortium led by the company had successfully concluded a monthslong test on blockchain-powered storage in marine transport, with the expectation that the technology will take the shipping industry to a new level.
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
It is stated that blockchain technology will allow importers and exporters to make transactions of documents, such as a bill of landing and letter of credit, without forgery and tampering threats.
Source: https://hype.codes/samsung-sds-improves-shipping-blockchain
Jump to: