According to a Bloomberg interview with Samsung Blockchain’s Song Kwang-woo , the Korean corporation is considering to digitally restructure their global transportation of raw materials and goods. The means of choice is once again blockchain technology . Initially, the new structures for the electronics division of the group will be introduced. But the manufacturer considers it a digital transformation cornerstone in the manufacturing industry. The potential seems remarkable indeed. According to a recent study , the Austrian trade association also sees a great opportunity in the implementation of block chain-based supply chain management and they are not alone. In addition to supply chain logistics, the energy industry is currently particularly interested in the technology.
Samsung’s logistics division, SDS , expects its total transport volume to be 448,000 tons of air freight and 1 million 20-foot ISO containers of sea freight for the current year. Blockchain promises not only a 20-percent cost savings in the long run, but also a shortening of the time between the launch of a product and its delivery.