A startup blockchain company, with a team featuring former executives from Samsung Electronics, have unveiled plans to invigorate the way cryptocurrency mining is performed – creating an infrastructure designed to enhance profit and help blockchain technology become more prolific in everyday life. 12SHIPS says it wants to tackle some of the issues that miners currently face as they use air cooling systems. The company claims many of the methods used at present are incredibly energy intensive and create dust – byproducts which have a detrimental effect on the performance of semiconductor chips. To maximize their output, the firm is introducing …

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 global e-commerce sellers with CelloSquare 3.0, which combines cutting-edge IT with Samsung SDS global logistics operation experience,” Kim Hyung-tae, vice president of the logistics business division of Samsung SDS commented. Cello is just the latest project to surface from SDS’ …

South Korean electronics giant Samsung is launching its own blockchain platform Nexfinance for finance-related businesses, the company announced in a press release June 4. Samsung SDS, the corporation’s IT arm, confirmed the platform would cater to digital finance businesses looking to transform their structures using cutting-edge technology. Yoo Hong-jun, Vice President of finance business at Samsung SDS commented: “Samsung SDS is planning to launch its digital finance business through Nexfinance, a digital financial platform that combines proven technology and new technology. It will be a companion to solve the troubles of the organization." In addition to blockchain, Nexfinance will also …

Western secret agencies partnership known as the "Five Eyes" launched a surveillance unit called Network Tradecraft Advancement Team (NTAT) to spy on smartphone users as well as a major Chinese mobile web browser. As top secret document obtained by Edward Snowden has revealed, they planned to hijack data and insert malware into Samsung devices with Google apps. The documents obtained by Edward Snowden and published by CBC on May 21, 2015, revealed plans from as early as 2011 from major spy agencies to attempt and compromise Google and Samsung servers to spy on their mobile users as well as a …

Forget Apple Pay and its mobile brethren; IBM and Samsung are busy realizing the first application of block chain technology by major corporations – and fast. The partnership will see the technology giants consult on Adept, a protocol which will be used to overcome various problems associated with the increasingly frequently mentioned Internet of Things. In charge is IBM’s head of mobile and internet, Paul Brody. In an interview with Gigaom last week, Brody considered the current impracticalities of the IoT concept and how it was necessary to streamline at the fundamental level. “For him the internet of things as …