samsung is riding the blockchain train - page 4.

elbimbo012

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Quote from: Jonsnowstark on April 16, 2018, 06:38:18 PM

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

This only means that blockchain technology are currently exploring by developer savvy to maximize its uses not only as payment system but also for tracking and inventory of stocks or shipments this can create accuate report for the status of shipment.

Gyromancer

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Well, that's very good news. Bitcoin brings changes to technological developments. Samsung, as one of big company, want to adopt the technology that is applied in bitcoin. Of course , this is a very great technology competition. No doubt if blockchain is a successful and effective technology. Blockchain is able to build a peer to peer system without a central controller that controls the system. Hopefully, other companies are also more motivated to create more sophisticated technology again.

MostafaGamal

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Good news, and I think it was expected, most companies are now going to use Blockchain technology and we will see more in the coming years

Ilegendph

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Thinking on the higher plane of existence.

Quote from: cryptojohn9 on April 17, 2018, 04:48:19 AM

sounds good samsung always try to make new innovations in the technology . i think this will have a positive impact on bitcoin specially cryptoworld . Samsung is a giant company and if all the tech giant company come to join in this field then blockchain technology improved more and more

Samsung made the right decision by showing to other companies the another possbile application of blockchain. I hope that the companies that will engage in using blockchain technology will use existing platforms so that to boost the industry and I believe that they will do it since it is much cheaper method than hiring a group of people yo do the coding, buying the equipments for mining and other maintenance of the network.

khelan

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this is really good for future market.I heard Ubicoin is supported by samsung.I really looking forward to ubicoin project for future investment.

marites

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I am glad to read this thread because Samsung is a big company and also have a good reputation to its client.
If Samsung is starting to engage in Crypto currency well I think some company who are competing to Samsung like any other telecommunication company are also interested to join in our community.

crptomoon1001

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good sign... however 10 years down the line everyone will be on blockchain

cryptojohn9

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sounds good samsung always try to make new innovations in the technology . i think this will have a positive impact on bitcoin specially cryptoworld . Samsung is a giant company and if all the tech giant company come to join in this field then blockchain technology improved more and more

Direwolve735

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Quote from: Jonsnowstark on April 16, 2018, 06:38:18 PM

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

I think this is great that crypto-currency and blockchain technology is introduced into the core business. Samsung plans to use the blockade to optimize the logistics of its electronics business. Looking at the example of this large world-famous company, other enterprises will also begin to introduce blockchain technology into their production. The world must see what opportunities blockchain opens up.

Pursuer

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Where is my ring of blades...

Quote from: FrueGreads on April 17, 2018, 03:37:18 AM

People talk a lot of how archaic banks are, but I must say that the shipping industry is probably even worse. There are always a huge number of papers involved in each transaction (like clear payments, contracts, inventory, etc), so I'm sure the blockchain will make a huge difference for this business, and this move from Samsung doesn't surprise me. They are actually very committed to the blockchain, by first entering the asic industry, and will now actually use the blockchain technology to simplify their shipping department.

I don't think that much is going to change about this. there will still be a lot of paper being involved in shipping industry even if they all switch to the blockchain technology. the process is always the same too, the tools are changing and this change which would be usage of blockchain technology can make it so much faster and secure.
although depending on whether it is a distributed ledger or a centralized database it can be a very different approach. I am very interested to see how blockchain technology is going to be implemented by other areas other than currencies.

nicko122

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It will be interesting to see how they implement the technology in their company structure. Samsung is quite an advanced company in the current technology market, I hope, after it, other companies will follow the same path.

FrueGreads

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People talk a lot of how archaic banks are, but I must say that the shipping industry is probably even worse. There are always a huge number of papers involved in each transaction (like clear payments, contracts, inventory, etc), so I'm sure the blockchain will make a huge difference for this business, and this move from Samsung doesn't surprise me. They are actually very committed to the blockchain, by first entering the asic industry, and will now actually use the blockchain technology to simplify their shipping department.

I know this is not directly related to bitcoin, but unlike banks, that keep trying to separate bitcoin from the blockchain, I think that every legit blockchain application legitimizes bitcoin, because in the end, BTC was the first application that open roads to all of these innovations.

talkbitcoin

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All I know is that I know nothing.

this is interesting but the more interesting and also relevant to bitcoin news is all the big companies that are starting to get involved with bitcoin one way or another. most of them are just adding bitcoin payment to their platforms but some like the computer hardware manufacturers such as Intel are starting to produce ASIC machines for mining which is so great for further decentralization of bitcoin.

in short everyone these days are getting involved with bitcoin and also blockchain technology in their own ways because they all see the potential in it.

reddev81

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Everybody will onboard the btc train sooner or later, even banks. No one smart will willingly miss the biggest wealth generation in history.

isaac_clarke22

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Well blockchain technology is really strong as a ledger system itself. As a large company like Apple, I think it could really help them track down transactions in their manufacturing industry from the supplies being shipped globally to getting the sales they're getting. I think they might also consider launching their own coins into it. It could help also the users in buying their own products in digital stores.

WorldBiz project

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is it necessary for ANY big company to get in the bandwagon of blockchain?

Frank Castle

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Quote from: Jonsnowstark on April 16, 2018, 06:38:18 PM

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

is good news, companies as big as samsung start using bitcoin technology, more and more giant companies are joining bitcoin. hopefully this good news can lift the bitcoin price fore.

ETHtotheMOON1

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Quote from: Jonsnowstark on April 16, 2018, 06:38:18 PM

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

good to see also samsung recognizing the power of blockchain. More and more companies are hopping on blockchain train, it will only continue for years to come...

tuansemazi

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Indeed, the logistic industry would benefit greatly by applying blockchain technology. In fact, many companies have realized the benefits of blockchain and started moving into the blockchain field. Samsung's interest in Blockchain is a prelude to technology that really benefits them

MintCondition

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Quote from: Houseman on April 17, 2018, 01:39:41 AM

If Samsung is riding the blockchain train than this mean that bitcoin's technology is success and this will prove to that bitcoin is good for the technology world.

It's been 9 years since blockchain become successful and the proof of it is us that continue using it until now. The adaptation of Samsung on blockchain tech is not the beginning of blockchain success but continuation rather. This is a good sign for a bearish market. Bitcoin will skyrocket again until December.

Topic: samsung is riding the blockchain train - page 4. (Read 675 times)