Samsung SDS and Tech Mahindra joined forces to enter the overseas blockchain market. Samsung’s system integration arm, SDS, aims to expand the use of its Nexledger blockchain platform in India, the United States, and Europe, reported Korea Times.
According to the contract, Samsung SDS will work on further updating the Nexledger with the tech giant and seek more business opportunities in India, United States and Europe. The President of Samsung SDS India, Mahn Chey, said,
“We are proud to announce our joint efforts to promote Nexledger in the global market with Tech Mahindra. As a company that believes in the value the blockchain technology will bring, Samsung SDS has dedicated its efforts to develop a blockchain platform, Nexledger, that meets the enterprise needs in the business sector. Together with Tech Mahindra, we look forward to delivering blockchain powered digital transformation to our clients.”
Samsung SDS launched Nexledger blockchain security platform in 2017 and it has since been used in finance, manufacturing, logistics, and public sectors. It was designed to combine customized features of commonly used open-source blockchains like IBM’s Hyperledger Fabric or Ethereum.
Meanwhile, Tech Mahindra, an IT subsidiary of India’s Mahindra Group, has been providing IT services to almost 900 companies over the world, securing over 120,000 IT engineers. According to Cryptopost, Mahindra trained 70% of its employees to handle new technologies, including blockchain, Artificial Intelligence [AI], Internet of Things and cybersecurity.
The Global Practice Leader, Blockchain at Tech Mahindra, Rajesh Dhuddu, said,
“As part of our TechMNxt charter, we are invested in creating a partner ecosystem to leverage next generation technologies and platforms to provide enhanced experience to our customers. As a step towards the same, we are delighted to partner with Samsung SDS and look forward to leveraging their market research, proprietary Blockchain platform Nexledger that has proven ability to automate a complex Blockchain network deployment and maximize transactions not only on their native platform but also on Hyperledger and Ethereum.”
The use of blockchain is not new to the tech giant however, as it had previously used IBM’s blockchain technology to create a solution for discounting invoices between its auto and suppliers division. Dhuddu added,
“This partnership will also enhance our reach in Korean, India and other APAC markets, maximize the joint offerings through a combination of respective platforms, Tech Mahindra’s System Integration skills and Innovation centres in India.”
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