The world’s largest smartphone and chipmaker is considering using the technology behind cryptocurrency to track its global shipments, worth tens of billion of dollars a year. The system could cut shipping costs by 20 percent, the report said, citing Song Kwang-woo, unit Samsung SDS Co.’s blockchain chief.
The news comes as companies worldwide announce plans to use blockchain technology for a widening range of tasks, even tracking the life cycle of chickens. SDS is working on the system for Samsung Electronics. Read more here.