Electronic giant Samsung is eyeing the blockchain to be used in its global supply chain.
“It will have an enormous impact on the supply chains of manufacturing industries. Blockchain is a core platform to fuel our digital transformation.” – Mr. Song Kwang-woo, Blockchain Chief and Vice President, Samsung SDS Co.
Blockchain and the Shipping Industry
According to International Business Machines Corp, the people working with A.P. Moeller-Maersk A/S, using the blockchain can reduce the time to send documentation back and forth and to coordinate with port authorities. They also shared that paperwork costs for container shipments are worth twice as much as those for transportation.
Event: Check Out Traders Fair Philippines this April 21, 2018:
- SyncFab CEO: Blockchain Can Revolutionize the Supply Chain
- Union Bank on Helping Rural Banks Through the Blockchain
- Computrade Director: Blockchain can Eradicate Corruption, Red Tape
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