Samsung's Supply Network Considers Blockchain Technology

Song Kwang-woo, CEO of Blockchain, a Samsung Group logistics and information technology company SDS, revealed that Samsung Electronics is currently considering the use of the blockchain accounting system for its tens of billions of dollars worth of goods sold worldwide every year. Management. SDS believes that this system can help Samsung save about 20% of the transportation cost every year. SDS is currently developing this system for Samsung Electronics. On a global scale, many companies have stated that they are considering using blockchain technology to manage their respective Products and services cover almost everything from cross-border payment to supply to supermarkets.

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