Samsung claims to have developed Wi-Fi technology capable of transferring feature-length films between mobile devices in a matter of seconds.

The South Korean tech firm says that the 60GHz Wi-Fi will accelerate data transmission by five times compared to current speeds offered by existing smartphones and tablets.

"Samsung has successfully overcome the barriers to the commercialisation of 60GHz millimetre-wave band Wi-Fi technology, and looks forward to commercialising the breakthrough technology," said Kim Chang Yongh, head of research and development in Samsung's Digital Media and Communications (DMC) department.

"New and innovative changes await Samsung's next-generation devices, while new possibilities have been opened up for the future development of Wi-Fi technology."

To achieve such speeds, Samsung eliminated co-channel interference, which occurs when more than one device is using the same network. In doing so, the gap between theoretical speeds and actual speeds is removed.

Samsung also developed the world's first "micro beam-forming control technology" that optimises the data transmission process in less than 0.0003 seconds in case of any changes to the communications environment.

"By leveraging millimetre-wave circuit design and high performance modem technologies and by developing wide-coverage beam-forming antenna, Samsung was able to successfully achieve the highest quality, commercially viable 60GHz Wi-Fi technology," the firm said in a statement.

Commercial application of such speeds are expected across a range of devices, including audio visual and medical devices, as well as telecommunications equipment.

It could also have significant implications in the growing 'Internet of Things' space, whereby smart devices are connected on a localised network.

Commercialisation of the technology is expected by Samsung as early as 2015.