Samsung SDS Announces a New Blockchain App to Spark EfficiencyScroll Down
A few days ago, Samsung SDS released a new version of its Enterprise Blockchain platform. This new platform is called Nexledger Universal. In the company's April 24 press release, it announced that this platform can be applied to many digital currencies. Samsung SDS is the information technology subsidiary of the larger Samsung Group.
In the press release, Samsung SDS noted that the Nexledger Universal provides users with an application and programming interface. This interface can be applied to a wide variety of existing Blockchain technology. It works with current technologies including Ethereum, Hyperledger Fabric and the Samsung SDS's own Nexledger Consensus Algorithm. It may also work with several Blockchain technologies that are still under development.
The press release goes on to state that users can develop applications for the purposes of authentication, settlement of payments and proof of originality. The application is currently available for sale on the Azure Marketplace developed by the Microsoft corporation. According to Jeanie Hong, who is the Senior Vice President and leader of the Samsung SDS Blockchain Center, the firm has plans to expand its cloud-based Blockchain platform in the near future. It will do this by registering the Nexledger Universal application on a wide variety of other cloud marketplaces.
In a previous March 2019 press release, Hong Yuan Zhen stated that Blockchain can improve the level of productivity in the manufacturing industry. Zhen is the Samsung SDS President and CEO. He explained that in the entire process of supply chain management, communication is important. He stated that data needs to be collected. With their Blockchain technology and AI, they plan to improve processes and increase trust so that they can share information better. Their goal is to establish a healthy and vigorous process for these activities.
In February 2019, Samsung SDS announced that it had already developed a method for speeding up Blockchain transactions. It was around this time that the Samsung SDS division presented the Nexledger Accelerator. This application was first shared at the IBM Think 2019 conference in San Francisco, and it had already passed the firm's initial tests on Hyperledger Fabric.