South Korean giant Samsung Electronics plans to integrate blockchain technology into its systems, according to comments made to Bloomberg.

Song Kwang-woo, vice president of Samsung SDS, the IT subsidiary of Samsung, said: “It will have an enormous impact on the supply chains of manufacturing industries. Blockchain is a core platform to fuel our digital transformation.”

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Kwang-woo said that a blockchain system will be used for tracking global shipments, a sector which is worth tens of billions of dollars a year. He said that the technology ... (read more)