Indian Tech Giant Will Use Samsung's Nexledger Blockchain
Main page News, Samsung, Blockchain

Korean publication The Korea Times reported yesterday that Samsung SDS has agreed to cooperate with Indian tech company Tech Mahindra to access the international blockchain market.

Apparently, the cooperation between both companies will allow them to expand the use of Samsung's blockchain platform in India, USA and Europe.

The companies will also focus on the improvement of the current Samsung SDS system. Samsung SDS launched Nexledger, its enterprise blockchain platform, back in 2017. The platform has been so far used in finance, manufacturing, logistics and the public sectors.

Samsung SDS is continuously developing its blockchain services. For example, the firm launched in February its own Nexledger Accelerator blockchain accelerator technology, which allows to increase the speed of transactions and can be used in all blockchain services based on Hyperledger Fabric.

Why it is important

  • The Korean Customs Service (KCS) entered into an agreement with Samsung SDS in order to use its blockchain technology in the system of customs clearance of exports.
  • Samsung SDS was founded in 2015. The release of the first business platform called Nexledger was held in 2017. Samsung SDS, a subsidiary of the Korean technical giant Samsung, introduced a certification platform for Korean banks, BankSign, based on distributed ledger technology (DLT).

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