Samsung SDS President and CEO Hong Won-pyo has revealed plans to incorporate blockchain technology in its enterprise solution at Samsung’s Real 2019 event held in Seoul on May 8.
Regarding the issue, Samsung SDS, the firm’s consulting arm, has for some time now been exploring ways to tap into the blockchain option.
Samsung also stated that its ‘Digital Transformation Framework’ is intended to leverage technological solutions so as to provide of digital innovation support for its sectors such as management systems, manufacturing, marketing & sales, among others.
The firm’s listed blockchain technology is one of its core and industry know-how and technical competencies alongside internet of things technology and artificial intelligence (AI).
Through a partnership with ABN AMRO, a major Dutch bank, Samsung SDS subsidiary had in the past delved into the blockchain industry. In summer 2018, Samsung SDS decided to launch a blockchain platform for the logistics industry as well as another one that targets finance-related businesses.
In February this year, Samsung SDS released “Nexledger Accelerator” which passed Hyperledger Fabric test.
At the beginning of April, Tech Mahindra (Indian IT giant) announced that it would expand its use of Samsung SDS’ enterprise blockchain platform, “Nexledger.”
Also in April, a newer version of enterprise blockchain platform “Nexledger Universal,” was unveiled by the subsidiary. Users can apply its application programming interface to different blockchains like Samsung’s own Nexledger Consensus Algorithm, Ethereum, and Hyperledger Fabric.
Finally, the CEO of Samsung SDS’ Nexledger project Hong Hyeong-jin, stated:
“Blockchain is a technology that is used in all areas of business including finance, manufacturing, logistics, and distribution. We are upgrading the company’s blockchain platform at Nexledger to meet the demand.”