Samsung SDS Launches Nexledger Accelerator to Speed up Blockchain Transactions

Reading Time: 2minutesbyonFebruary 15, 2019&nbspNews, Tech

Samsung SDS, the information technology arm of Samsung Electronics has announced the launch of its Nexledger Accelerator, a solution that the firm says can significantly speed up transactions on blockchain networks, according to a press release on February 14, 2019.

Samsung SDS Nexledger Accelerator Now Live

In a bid to solve the speed problems of blockchains, Samsung SDS, a subsidiary of Samsung Group launched in 1985 to offer information technology services to clients, has announced the launch of its Nexledger Accelerator.

Present at the ongoing IBM Think 2019 conference holding in San Francisco, the highly reputed organization made it clear that the Nexledger Accelerator is now live, following successful testing on Hyperledger Fabric in December last year.

Per the firm, the Nexledger Accelerator dramatically boosted the transaction processing speeds of the Hyperledger network.

Against that backdrop, Samsung SDS has hinted that it would draft a comprehensive white paper for the blockchain solution that will include the technology roadmap of Nexledger Accelerator to enable other blockchain developers to use the technology seamlessly.

Samsung SDS declared:

“Samsung SDS is looking to provide a whitepaper that includes the tech roadmap of Nexledger Accelerator to make it easier for other developers to it and a tool for accelerated testing will also be made available on GitHub.”

Samsung Set to Join IBM Blockchain Board

For the uninitiated, Hyperledger is merely an umbrella ecosystem of open source distributed ledgers launched in 2015 by the Linux Foundation and supported by a vast array of heavyweight organizations including IBM, Oracle and others. The primary objective of Hyperledger is to advance cross-industry blockchain technologies.

With the successful launch of the Nexledger Accelerator, Samsung SDS has said it will be joining the Board of the IBM Blockchain Platform to contribute to the growth of both IBM and the global blockchain ecosystem.

Samsung Slowly becoming a Blockchain Heavyweight

Despite the nascent nature of blockchain technology, it’s worth noting that global tech giants, Samsung is doing its best to occupy the frontline in the blockchain technology movement.

In December 2018, BTCManagerinformed that Samsung had filed for three blockchain technology related application in the European Union (EU), to enable it to start integrating cryptocurrency cold wallets into its premium smartphones.

In related news, on January 24, 2019, BTCManagerreported that leaked photos had revealed that the Samsung Galaxy S10 smartphone features a crypto wallet.

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Samsung SDS and IBM Collaborate to Strengthen Open Source Hyperledger Fabric and …

SEOUL, South Korea–(BUSINESS WIRE)–During IBM THINK 2019, IBM’s annual conference focused on technology and business, Samsung SDS announced it is continuing its collaboration with IBM in support of advancing Hyperledger Fabric, an open source cross-industry blockchain technology, with recent code contributions, research and a new white paper.

As a contributor to Hyperledger Fabric, Samsung SDS is working to improve fabric capabilities and actively contributing its new “Accelerator” code to the open source community. The new code is expected to significantly improve Hyperledger Fabric performance for specific use cases.

Samsung SDS is also making a new white paper available, “Accelerating Throughput in Permissioned Blockchain Networks,” co-written by IBM. The paper validates the applicability of Accelerator to Hyperledger Fabric, provides a roadmap and also illustrates performance improvement in terms of transactions per second. A copy of the white paper and the Innovation Sandbox environment is now available for external developers to test. (https://github.com/nexledger/accelerator)

While this technical initiative is being rigorously validated from the open source Hyperledger community, Samsung SDS will prepare to become IBM’s key go-to-market reseller partner of IBM Blockchain Platform in Korea.

Ted Kim, Vice President, Blockchain Team from Samsung SDS America has been named to the IBM Blockchain Board of Advisors. Additionally, during the IBM Think Conference in San Francisco, Kiwoon Sung, Head of Blockchain Research Lab, Samsung SDS, will discuss the company’s blockchain innovation efforts at a session entitled, “New Blockchain Solutions emerging from the IBM Blockchain ecosystem.”

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

About Samsung SDS

Samsung SDS was founded in 1985 and has been leading the digital transformation and innovation of its clients for over 30 years. With the vision to become a data-driven digital transformation leader, Samsung SDS utilizes advanced technologies such as analytics platforms, AI, blockchain and cloud to serve a diverse range of industries including intelligent manufacturing, global logistics, enterprise mobility, financial services and retail. For more information, visit https://samsungsds.com.

About IBM

IBM is recognized as the leading enterprise blockchain provider. The company’s research, technical and business experts teams have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise. Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks. IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/or follow us on Twitter at @ibmblockchain.

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Samsung SDS Reveals Blockchain Accelerator Tech Following Hyperledger Testing

The IT arm of South Korean tech giant Samsung announced it had developed technology to speed up blockchain transactions, the company confirmed in a press release on Feb 14.

Presenting at the ongoing IBM Think 2019 conference in San Francisco, Samsung SDS said its new technology, Nexledger Accelerator, had already passed testing with Hyperledger Fabric.

“In order to improve transaction processing speed, which is a key consideration in applying blockchain technology, Samsung SDS has developed its own Nexledger Accelerator, which can be applied to Hyperledger Fabric,” the press release explained:

“Samsung SDS tested the Nexledger Accelerator in Hyperledger Fabric last December and found that the transaction processing speed was significantly improved.”

For the Accelerator, a dedicated Github repository aims to offer developers tools for testing and expanding the technology via a scheme dubbed “Innovation Sandbox.”

“The intent is to enable blockchain developers to run it to see how many performance benefits they can expect in reproducible ways,” Samsung SDS said in the press release.

SDS added it would also be joining the IBM Blockchain Platform Board.

Hyperledger is an open-source enterprise blockchain solution developed by the Linux Foundation. The technology has seen participation from and deployment among major players, including IBM, over the past two years.

Samsung first debuted its Nexledger product, itself an enterprise blockchain platform, in April 2017.

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Intel Launches Commercial Blockchain Package Based on Hyperledger Fabric

Intel has launched a commercial blockchain package based on the Hyperledger ecosystem, according to marketing materials published on Feb. 12.

Intel, which is a member of the Hyperledger collaboration — hosted by the Linux Foundation along with IBM and other major financial institutions — has announced that its new product is designed for businesses that want to launch their own blockchain fast and effectively.

The ecosystem will be based on the Hyperledger Fabric — a foundation for developing applications or solutions with a modular architecture. At the same time, the product will use Intel’s hardware, such as Xeon processors and Ethernet Network Adaptors.

The system has the base configuration that contains the necessary minimum to launch a Hyperledger-driven blockchain. According to Intel, the pack is enterprise-ready.

As Cointelegraph reported earlier this week, other tech giant IBM has also launched its own Hyperledger-based blockchain platform in its data center located in Melbourne, Australia. The move will reportedly allow customers to run their applications on the company’s cloud.

Furthermore, IBM announced a project this month using blockchain and the Internet of Things to manage the use of groundwater and thus combat drought in the United States state of California.

Microsoft also released a blockchain-development kit back in November 2018. The kit is a serverless solution dubbed Azure, which contains features like off-chain identity and data, as well as monitoring and messaging application programming interfaces (API) in a format that can be used to develop blockchain-based apps.

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Poste Italiane Blockchain Initiative to Improve Process Efficiency

With the success of Hyperledger, it is no surprise that The Italian Post Office decided to join forces with the consortium to further its blockchain agenda.

Poste Italiane Blockchain Journey

Post Italiane has been seeking to modernize its services and improve its overall operations. Its participation in the Hyperledger initiative is laying the groundwork for the agency’s Deliver 2020 Business Plan. This plan mentions the adoption of emerging technologies as a critical aspect of improving the postal group efficiency. Although there hasn’t been any announcement yet, the work with Hyperledger could eventually allow for the development of Post Italiane blockchains; these protocols like many Hyperledger DLT products could be custom fit for solving specific logistics and supply chain problems.

Speaking on its collaborative efforts with Hyperledger, Mirko Mischiatti, Chief Information Officer for Poste Italiane had this to say:

“Poste Italiane wants to actively participate in this new and exciting community by becoming a member of Hyperledger in order to continue its path for the innovation and modernization of financial, logistic and insurance industries. We really look forward to working with other members and making our effort to contribute for the enhancement of blockchain technology.”

Poste Italiane isn’t alone

The success of the Hyperledger hub has seen it grow into a blockchain driven community with input from big names aside from Poste Italiane like IBM, Huawei, Intel, Deloitte, JPMorgan, and American Express. Also, another postal service, Swiss Post announced last year that it was working with popular Switzerland-based telecom provider, Swisscom to develop private blockchains based on Hyperledger protocols. This partnership also highlighted the preference of private blockchains by many institutions over their public counterparts.

The merit of developing private blockchains was explained in a statement by Swiss Post:

“In contrast to “public blockchains” (that use proof-of-work), this private blockchain infrastructure requires much less energy, since it can only be used by identified users who have a contractual relationship with the providers of an application. This enables more efficient agreement procedures as well as significantly higher security and performance.”

Hyperledger is only scratching the surface

With numerous endorsements and global adoption of its blockchain protocols, the Linux Foundation Hyperledger is becoming a force for the advancement of blockchain and other similar emerging technologies. Hyperledger has recently announced a new platform dubbed Hyperledger Grid, a framework solely focused on providing reusable tools for companies seeking to develop supply chain and logistics solutions. IBM is also closely working with Hyperledger to complete its agricultural supply chain platform called IBM Food Trust which will be adopted by Walmart later this year for tracking food provenance as it moves through its supply chain. Food Trust is touted as a platform that will help improve trust in the agriculture industry and prevent food-borne disease outbreaks.

Blockchain is already going mainstream and with Hyperledger push for further development within this niche, there will be even more adoption by other multinational companies who are looking to stay ahead of the curve by making their products/services more efficient and trustworthy. Transparency is the currency of the future in supply chain management and Hyperledger blockchain protocols are helping supply chain and logistics companies to operate in this new digital era.

Tags: HyperledgerIBMIBM Food TrustPoste ItalianeSwiss PostSwissportDavid Akilo
David is a professional writer and blockchain enthusiast who caught the blockchain fever three years ago and has never looked back since then. His genuine interest in this emerging technology combined with his writing prowess allows him to create unique and engaging blockchain content.

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