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Tag Archives: Samsung

Samsung SDS to Power World’s First Exports Customs Clearance Blockchain in Korea

The Korea Customs Service (KCS) has entered an agreement with Samsung SDS to implement the latter’s blockchain technology for an export customs clearance system. Samsung SDS, the IT subsidiary and technology provider of Korea’s largest conglomerate Samsung, will develop the world’s first blockchain-based export customs logistics service for the Korea Customs Service to enable efficiency and curb fraud in the ...

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Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform

The Korea Customs Service has signed an agreement with Samsung SDS to deploy blockchain technology for its customs clearance system, according to a press release published September 14. Samsung SDS, the IT arm of electronics giant Samsung, will develop a blockchain-powered platform based on Nexledger, which will be used for export customs logistics services. Nexledger is a blockchain platform designed ...

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Samsung Launches Blockchain Certification Platform for Korea’s Banks

Samsung, under its IT arm Samsung SDS Co., has unveiled its blockchain based platform, BankSign, to allow people to make transactions at different banks more easily. The Korea Federation of Banks (KFB) launched BankSign in June as a way to allow domestic retail banks to strengthen their verification systems by digitizing both mobile and online banking. The platform allows customers ...

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Samsung IT Arm Unveils Blockchain Certification Tool for Banks

Samsung SDS, the IT arm of tech giant Samsung, has developed BankSign, a blockchain-based certification tool for banks, according to an official announcement August 27. The development by Samsung SDS is a joint project with the Korea Federation of Banks (KFB). BankSign aims to provide a simple transaction method within various banking systems by requiring certification from only one bank. ...

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Cryptocurrency Acceptance Gains a Bit of Ground Thanks to Samsung

Samsung is breaking into the cryptocurrency payments business, and that’s a good thing if you’re one of those people who would eventually like to see the full acceptance of crypto as a payment method throughout the world. Samsung is using CopPay to make these transactions happen in a few limited markets. However, this is an important step towards the eventuality ...

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Another Fake Partnership as Samsung Denies CopPay Crypto Payments Deal

On July 20 reports circulated that a partnership between electronics giant Samsung and Lithuanian crypto payment and blockchain startup CopPay was in the works. The deal was set to make it possible for Samsung customers in three Baltic states — Estonia, Latvia, and Lithuania — to pay for in-store purchases with cryptocurrencies. In surprising news, it appears as though the collaboration could ...

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Samsung To Accept Cryptocurrency Payments, Including Dash

Samsung has announced plans to accept cryptocurrency payments, including Dash, at select Samsung stores in the three Baltic states and plans to expand the offering if the pilot is successful. Samsung will be partnering with a European fintech firm, Coppay, to accept a limited number of cryptocurrencies, which includes Dash, at their stores. The feature will be rolled out at ...

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Samsung Baltic Stores Now Accept Crypto via Blockchain Payments Platform CopPay

South Korean electronics titan Samsung has announced that its Baltic stores now accept multiple cryptocurrencies as a means of payment via the blockchain-based CopPay platform, according to a July 20 Medium post. The platform allows merchants to receive cryptocurrency and either keep the payments in a cold wallet or immediately convert it to fiat. It has a zero-transaction fee policy ...

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Crypto Wallet Ledger is Attracting Samsung and Google as Investors: Report

Leading hardware crypto wallet manufacturer and developer Ledger sold more than 1 million hardware wallets in 2017, recording a profit of $29 million. In an interview with Forbes, Ledger president Pascal Gauthier stated that the lack of secure platforms which users can utilize to sign transactions on the immutable public blockchain led the demand for Ledger and hardware wallets in ...

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Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform

South Korea electronics giant Samsung revealed a further blockchain implementation in an official announcement June 20, using the technology in a new logistics platform. The platform, dubbed Cello 3.0, is the brainchild of Samsung’s IT subsidiary Samsung SDS, which will use artificial intelligence (AI) and its “logistics knowhow” to deliver it, a press release states. “We will provide services to ...

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