Samsung Company announced the launch of the blockchain-platform for logistics

June 22

​​​​​​​The division of the Korean Samsung SDS Corporation developed the Cello Square 3.0 platform that would reduce time and costs.

Two advanced technologies: blockchain and artificial intelligence are used in the Cello Square 3.0 platform, the Korean media Business Korea reports. The implementation of the solutions based on artificial intelligence will help the client companies to determine the most optimal methods of delivery of goods. It will save time and operating costs.

The information about international goods can be traced at all the stages of the chain «supplier-seller» through the use of blockchain. In addition, as was reported by the company, blockchain will help to avoid fakes: the customers receive a full amount of data about the exporting country and the company that can’t be falsified. There is also the ability to track delivery by the mobile application in real time.

According to Business Korea, Cello Square 3.0 will allow Samsung to gain a foothold on the international market of this industry.

BN
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