Blockchain Supply Chain Traceability Platform Announced By Samsung SDS

Announcements, Blockchain, News | March 12, 2019 By:

Samsung SDS, the Internet technology solutions unit of Samsung Group, will be unveiling its blockchain supply chain traceability platform at the ‘Cello Conference 2019’ to be held on March 14.

In a press release, Samsung said that the blockchain supply chain traceability platform will provide transparent processing history of the aquaculture-shipping-distribution of marine products to consumers and ASK (All about seafood in Korea) Export Council consisting of domestic seafood processing companies. The platform, provided in the form of Software as a Service (SaaS), was reportedly first commercialized in Korea for the ASK Export Council after its service verification through a pilot project last year.

“We will continue to pursue various logistics innovation through latest technologies such as blockchain and AI, and will strengthen external business by heightening the competitiveness of smart logistics service,” said Hyung-Tae Kim, executive vice president, leader of logistics business unit of Samsung SDS.

Meanwhile, Samsung Electronics announced the cryptocurrency wallet for its recently launched flagship phone, the Galaxy S10. Dubbed Samsung Blockchain Wallet, the crypto wallet currently has no bitcoin support and is only compatible with ethereum-based ERC-20 tokens.

At launch, the wallet will support four decentralized apps (Dapps), including crypto gaming platform Enjin, beauty content sharing dapp Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck. The company said that they plan to expand the crypto wallet service to more devices and cryptocurrencies in the future.