Samsung Will Track Deliveries Using Blockchain

International transnational electronics company Samsung plans to use the platform on blockchain to track its own supplies around the world.

The head of Samsung SDS said that the blockchain will reduce the company’s expenses related to transportation of products by 20%. This was reported in an interview with Bloomberg by Song Kwang-woo, a vice president at SDS.

“It will have an enormous impact on the supply chains of manufacturing industries,” said Song. “Blockchain is a core platform to fuel our digital transformation.”

In addition, he noted that the division of Samsung SDS is currently engaged in the development of a platform on blockchain specially for Samsung Electronics, which will uniquely allow the company to take first place among the world’s leading manufacturers who have seriously taken up the innovation with such a huge scale.

SDS has been known to be implementing blockchain into companies, which specialize in logistics and shipping, for quite a while. The proof of this is its first project for registering and tracking exports and imports to Korea, which was completed with great success.

SDS revealed its plans for 2018, which include handling of 488,000 tons of air cargo and 1 million tons of container freight. Samsung flagship devices, such as the Galaxy S9 and Note 9, as well as home appliances, OLED displays that are used to create Apple iPhone and other products will be transported