Jay Y. Lee, the Samsung Electronics Co. Vice Chairman has laid out a confident roadmap on where the tech giant is headed. The areas of focus of Samsung will be the blockchain technology, AI, and 6G network.
The Vice Chairman of Samsung and its de facto leader, Jay Y. Lee has talked about his ambitious goals about going forward. The firm is precisely focussing on reinventing themselves for the next technological evolution. Lee feels that, this evolution will be occurring in these three important areas: blockchain technology, AI and 6G networks. As Huawei and Apple look to implement the 5G networks, Samsung is looking even further. In a fiercely competitive environment, the Vice Chairman of Samsung seems like he and his team are pushing really hard to take their firm ahead of all of its competitors towards innovation.
Samsung has already said that it is developing a cryptocurrency, as of now named ‘Samsung coin’ and is developing its own blockchain network. As of now the exact details aren’t out. However, the recent comments of Lee assure that the firm is deeply investing its time and efforts in the blockchain technology. The firm has also made headlines in February this year for announcing that its latest flagship Galaxy S10 phones will be having an in-built cryptocurrency wallet. This wallet supports Ethereum, Bitcoin and some ERC20 tokens. The Galaxy S10 phone line will be supporting decentralized applications.
Many tech firms, like Apple and Microsoft are move towards streaming as service products. Samsung Research already has its own AI labs which operates on a three-way model: vision, language and machine learning. In total, the firm as of today has seven AI centers across the globe in five powerful nations. As for 6G, the details on the firm’s efforts on this front are little. Although most of the world is still in the beginnings of the implementation of the 5G network, Samsung is anticipating 6G to come faster than most of the people around the world expect.
Lee says that, Samsung expects these emerging and innovative technologies to become the prime focus of the firm within the recent years. It is an ambitious goal, but it also balances the speedy rate of technological change we have seen till date.