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Samsung Wants To Use Blockchain For Its Huge Global Supply Chain

Samsung wants to use blockchain for its huge global supply chain

Samsung Wants To Use Blockchain For Its Huge Global Supply Chain

Samsung wants to use blockchain for its huge global supply chain

South Korean electronics giant Samsung revealed it intends to use Blockchain for its global supply chain, Bloomberg reported April 16.

Samsung SDS, the company’s IT subsidiary, is eyeing the technology with a view to cut costs by up to 20%, according to vice president and Blockchain chief Song Kwang-woo.

If it gets the green light, the move would be a further addition to SDS’ Blockchain interaction, alongside its Nexledger transaction management tool which debuted last year.

“It will have an enormous impact on the supply chains of manufacturing industries,” Song told the publication.

“Blockchain is a core platform to fuel our digital transformation.”

According to the plans, Samsung’s entire global supply network could transfer to Blockchain, with 2018 volumes set to include 488,000 tons of air cargo and one million shipping containers.

Included in the volume are consumer items such as Samsung Electronics’ Galaxy S9 smartphone.

Samsung has sought to ingratiate itself with the cryptocurrency industry on a new level this year, partnering with mining hardware manufacturers Bitmain and Halong Mining Corp to produce ASIC chips.

In addition, November 2017 saw a pioneering agreement with the South Korean government for the creation of a Blockchain platform focusing on “welfare, public safety and transportation” by 2022.

Published at Mon, 16 Apr 2018 12:36:10 +0000

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More Dangerous Than The NSA? The Massive Spy Agency You Haven’t Heard Of

zerohedge.com / by Tyler Durden / Mar 31, 2017 5:57 PM

Authored by Alice Salles via TheAntiMedia.org,

If you’re one of the countless Americans who was distraught to learn of the revelations made by former National Security Agency (NSA) contractor Edward Snowden, the mere idea that there might be yet another agency out there – perhaps just as powerful and much more intrusive –  should give you goosebumps.

Foreign Policy reports that the National Geospatial-Intelligence Agency, or NGA, is an obscure spy agency former President Barack Obama had a hard time wrapping his mind around back in 2009. But as the president grew fond of drone warfare, finding a way to launch wars without having to go through Congress for the proper authorization, the NGA also became more relevant. Now, President Donald Trump is expected to further explore the multibillion-dollar surveillance network.

Like the Central Intelligence Agency (CIA) and the National Security Agency (NSA), the NGA is an intelligence agency, but it also serves as a combat support institution that functions under the U.S. Department of Defense (DOD).

With headquarters bigger than the CIA’s, the building cost $1.4 billion to be completed in 2011. In 2016, the NGA bought an extra 99 acres in St. Louis, building additional structures that cost taxpayers an extra $1.75 billion.

Enjoying the extra budget Obama threw at them, the NGA became one of the most obscure intelligence agencies precisely because it relies on the work of drones.

As a body of government that has only one task — to analyze images and videos captured by drones in the Middle East — the NGA is mighty powerful. So why haven’t we heard of it before?

The Shadow Agency That Sees It All

Prior to Trump’s inauguration, the NGA only targeted the Middle East or whatever spy satellites orbiting the globe captured. As far as most of us knew, the agency refrained from pointing its ultra-high-resolution cameras toward the United States. That alone may be why the NGA has been able to stay out of scandals for the most part.

READ MORE

The post More Dangerous Than The NSA? The Massive Spy Agency You Haven’t Heard Of appeared first on Silver For The People.

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