Samsung IT Subsidiary Releases New Version of Enterprise Blockchain Platform

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Samsung

Samsung SDS has recently launched a new form of its enterprise blockchain platform.

Samsung SDS, the IT subsidiary of international technology giant Samsung Group, has released a new version of its enterprise blockchain platform termed Nexledger Universal, according to an April 24th press release.

Nexledger Universal delivers an application programing interface that can be applied to different blockchains like Ethereum, Hyperledger Fabric and the firm’s personal Nexledger Consensus Algorithm.

According to the press release, users can then establish applications for authentication, payment settlement, and proof of originality.

Nexledger Universal is already available on Microsoft’s Azure marketplace. Jeanie Hong, senior vice president, leader of Blockchain Center at Samsung SDS said:

“We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces.”

Samsung SDS

In March, the president and CEO of Samsung SDS Hong Yuan Zhen stated that blockchain can easily increase production in the manufacturing industry. He explained, “In the whole process of supply chain management, communication is very important, data needs to be collected, and through blockchain and AI, we can improve processes and enhance trust so that we can share information better, so a healthy process is established.”

In February, Samsung SDS announced that it had developed a means to quicken blockchain transactions. The firm showed its Nexledger Accelerator at the IBM Think 2019 conference in San Francisco. The technology had already passed testing on Hyperledger Fabric.

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