Song Kwang-woo, CEO of Blockchain, a Samsung Group logistics and information technology company SDS, revealed that Samsung Electronics is currently considering using the blockchain accounting system to sell tens of billions of dollars in goods it sells to the world every year. Tracking. SDS believes that this system can help Samsung save about 20% of the transportation cost each year.
Currently, on a global scale, there are already many companies that are considering using blockchain technology to manage their respective products and services, covering all types of goods from cross-border payment to the sale of chicken meat in supermarkets. But the Samsung Group It is one of the first global manufacturers to consider seriously using this technology in its operations. SDS is currently developing this system for Samsung Electronics.
Song said: "The blockchain technology will have a huge impact on the supply chain of the manufacturing industry. Blockchain technology will play a key role in our digital transformation process. 'Song himself is also vice president of SDS.
With the sudden popularity of Bitcoin, blockchain technology has also received a great deal of attention. It will change the way transactions are recorded, verified, and shared. Even though blockchain technology has so far had no impact on large companies, Too large, but Gartner predicts that by 2025, businesses related to blockchain technology will create $176 billion in value.
People who are committed to changing the logistics industry with blockchain technology believe that this technology can reduce the time required for logistics companies in their day-to-day operations, such as reducing the various procedures required to communicate with customs.
This year, SDS will handle 488,000 tons of air cargo and 1 million TEUs of sea freight, including Samsung’s latest flagship smart phones, Galaxy S9 with OLED screens. After using blockchain technology, Samsung will be able to shorten the time between product release and actual shipment, and make its products more competitive than its competitors. Cheong Tae-su, professor of industrial engineering at Seoul National University in South Korea, believes that after using the blockchain, Samsung can China and other markets have greater advantages.
Cheong said: "Blockchain technology can cut costs and eliminate bottlenecks. Its core function is to maximize supply efficiency and visibility, so that consumers have more confidence in the brand.