Samsung SDS, one of the Samsung Group companies, is going to use its blockchain platform to create the world's first customs clearance system for the South Korean Customs Service.
In July, the Korea Customs Service selected Samsung SDS to implement a project to create a new export customs clearance system in response to the growing volume of traditional and e-commerce.
Samsung Group's IT division will use a blockchain platform designed specifically to create such a system. The Nexledger platform will allow mobile device users to securely access various services through the encryption of biometric information for certification.
The company noted that the new logistics system will allow institutions and companies associated with exports to quickly and easily exchange various documents with each other, including customs declarations and delivery notifications. The system will also prevent forgery or falsification of documents. It is capable of processing a large number of transactions in real time and will support smart contracts for security and convenience.
Samsung is already using its platform in various industries, including financial, manufacturing and logistics.
To keep up with progress, Samsung intends to further develop blockchain technology, combining it with other innovative technologies, such as artificial intelligence, cloud service.
You May Also Like
The first elections were held in the United States on an experimental blockchain platform
The elections held in West Virginia were experimentally conducted on a blockchain platform. State residents overseas in 29 countries voted via their mobile devices. The government's pilot project was the first to use a combination of smartphones, facial recognition and blockchain technology to ensure voting participation for those living and working abroad.
The Rate network is gaining momentum
Singaporean startup Rate received $15 million during the token sale of the Rate3 blockchain project.
