Topic: samsung is riding the blockchain train (Read 675 times)
Samsung doesn’t want to be left behind. It’s a no brainer of a decision for their Board of Directors. Expect the other technology giants to follow suit.
wow samsung rides on blockchain
not exactly, they're implementing it in some of their processes, it's not like the whole company is based on blockchain. But it's a good and positive start with positive impact on the industry
Great news for everybody since samsung is a big player this will surely influence other big companies in the world to do the same.
Samsung must be see big opportunity in cryptocurrency market. When peoples knowing about bitcoin or crypto, demand on mining equipment will rising and samsung see that opportunity. Samsung want make opportunity become profits because market cap in crypto always growing
I do not think we can call it riding. So it's reasonable for a big company like Samsung to really take advantage of this technology.
Well, that's good for Samsung, now I expect for other major companies to follow suit.
If this samsung news about blockchain doesn't convince big companies about how interesting and revolutionary the blockchain technology, i don't know what would. the adoption isn't really as fast as we thought so we'll have to live how all these baby steps are expanding to be a huge leap towards massive adoption.
This kind of move by tech giants will open up gates for crypto and the blockchain technology. This will allow optimization and innovation for a more advanced technology we are seeing as of today.
That is good news, if apple and other companies together this is an interesting fight
Everyone (mostly all) will hop in blockchain movement.
as this is the most safe and fastest to have in every business.
Samsung will not go alone, there are many will follow.
as this is the most safe and fastest to have in every business.
Samsung will not go alone, there are many will follow.
wow samsung rides on blockchain
Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"
Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.
Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain
Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.
Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain
Over time, such examples of the use of blockchein technology will be more and more. It's very good news that a campaign like Samsung uses this technology.
Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"
Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.
Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain
Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.
Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain
big companies like SAMSUNG have an openness to accept new technologies that can simplify their work
the people behind the samsung companies have been able to implement bitcoin technology for their work to make it faster and better in delivery
Samsung is Such a big company joining the Blockchain. Its really a great news!!
Big companies need to adapt to the times. If they do not change they will die like nokia, yahoo, ...
Samsung SDS, the IT arm of electronics giant Samsung, has announced the launch of its latest blockchain platform dubbed Nexfinance for financial institutions.
The new blockchain platform combines existing and new technologies including big data analytics, artificial intelligence (AI) and intelligence process automation to help companies in the financial sector in their digital transformation effort, Samsung SDS said.
In a statement, Samsung SDS vice president of financial business Yoo Hong-jun added:
“Samsung SDS is planning to launch its digital finance business through Nexfinance, a digital financial platform that combines proven technology and new technology.”
Nexfinance will offer services such as digital identity, financial concierge, automatic insurance payments and an AI virtual assistant, the company revealed. Nexfinance will also be ‘open’ for developers and clients to build third-party solutions atop the platform.
Its digital identity offering will specifically use blockchain-based identification to secure customer information and enable permissioned participants of the blockchain to safely access the data. As an asset management service, the financial concierge uses AI and big data analysis to help oversee assets better. The AI virtual assistant automates billing of customer insurance claims, making it a seamless, more-efficient process for customers, Samsung said.
“We have completed the design for Nexfinance aimed at the insurance industry and we will continue to put in efforts to innovate the digital finance industry,” Samsung SDS CEO Hong Won-pyo said during a press event in Seoul upon the launch of the new platform.
While details are scarce, the company also revealed it was carrying out a ‘co-certification’ blockchain project undertaken by the Korea Federation of Banks this year after establishing a blockchain-based user authentication system for Samsung Card, the conglomerate’s credit card company, last year.
Before Nexfinance, Samsung SDS launched its enterprise blockchain platform and cloud computing solution Nexledger in early 2017. In November, the company was chosen by the Seoul metropolitan government to develop a broad roadmap for the application of blockchain tech for the city’s entire municipal administration by the year 2022.
The new blockchain platform combines existing and new technologies including big data analytics, artificial intelligence (AI) and intelligence process automation to help companies in the financial sector in their digital transformation effort, Samsung SDS said.
In a statement, Samsung SDS vice president of financial business Yoo Hong-jun added:
“Samsung SDS is planning to launch its digital finance business through Nexfinance, a digital financial platform that combines proven technology and new technology.”
Nexfinance will offer services such as digital identity, financial concierge, automatic insurance payments and an AI virtual assistant, the company revealed. Nexfinance will also be ‘open’ for developers and clients to build third-party solutions atop the platform.
Its digital identity offering will specifically use blockchain-based identification to secure customer information and enable permissioned participants of the blockchain to safely access the data. As an asset management service, the financial concierge uses AI and big data analysis to help oversee assets better. The AI virtual assistant automates billing of customer insurance claims, making it a seamless, more-efficient process for customers, Samsung said.
“We have completed the design for Nexfinance aimed at the insurance industry and we will continue to put in efforts to innovate the digital finance industry,” Samsung SDS CEO Hong Won-pyo said during a press event in Seoul upon the launch of the new platform.
While details are scarce, the company also revealed it was carrying out a ‘co-certification’ blockchain project undertaken by the Korea Federation of Banks this year after establishing a blockchain-based user authentication system for Samsung Card, the conglomerate’s credit card company, last year.
Before Nexfinance, Samsung SDS launched its enterprise blockchain platform and cloud computing solution Nexledger in early 2017. In November, the company was chosen by the Seoul metropolitan government to develop a broad roadmap for the application of blockchain tech for the city’s entire municipal administration by the year 2022.
I think this will have positive impact for cryptocurrencies in general. In directly this will help Bitcoin price to Moon
How do you think, how long will it take and the same thing will be done by Apple? 
Wow. Technology really amaze me. To see that blockchain has really a lot of uses, its amazing. The company would be having an EDGE over those they compete with. With blockchain , success is guaranteed.
This is a good news and the other part of it is they have come up with this idea to make their organization reach the next level and reach the company to the highest level. I think major players also follow Samsung in their business model to make their company to reach to the top and also adopt latest technology for their improvement and features added for their growth with their competitor.
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