Samsung's IT subsidiary, Samsung SDS, successfully piloted government-backed blockchain that aims to record and track imports and exports for Korea’s shipping industry

Briefing

January 2, 2018

Briefing	Shipping Industry Blockchain – Samsung SDS’s Nexledger blockchain platform successfully underwent 7-month pilot, streamlining paperwork and documents in South Korea’s shipping industry Blockchain Consortium – South Korean Ocean Shipping Logistics Blockchain Consortium, launched in May 2017, participating in pilot, sharing research on technical and legal concerns regarding blockchain implementation 38 Consortium Members – Include insurance companies, banks, government authorities, and port terminal operators Next Steps – Consortium members keen on implementing blockchain platform in cross-border trade to record and track all imports and exports by end of 2017, while Samsung SDS is examining using blockchain to build a financial service ecosystem
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Intelligent, Data-Optimized Supply Chains, Next-Generation Logistics
Business Model and Practices Business Model and Practices	Optimized Supply Chain
Sector	Information Technology, Transportation and Logistics
Organization	Samsung
Source	Das, S., "Samsung SDS successfully pilots blockchain tech for Korea’s shipping industry", CCN, https://www.ccn.com/; Das, S., "Samsung SDS puts blockchain to use for Korea’s shipping industry", CCN, https://www.ccn.com/; Rajamanickam, V., "Samsung SDS is revolutionizing Korea’s shipping industry through blockchain", FreightWaves, https://www.freightwaves.com; AcceleratingBiz analysis
Original Publication Date	December 25, 2017

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Samsung’s IT subsidiary, Samsung SDS, successfully piloted government-backed blockchain that aims to record and track imports and exports for Korea’s shipping industry

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