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Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain

Published 04/26/2019, 09:12 AM
Updated 04/26/2019, 09:22 AM
Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain
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International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26.

Philip Morris International (NYSE:PM) is looking to implement emerging technologies such as blockchain in order to improve the efficiency, transparency and cost effectiveness of its business, the company’s representative said in an email to Cointelegraph.

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