Samsung SDS Announces New Services to Address Concerns About Blockchain

Asia Blockchain Review
July 6, 2019

Samsung SDS, the IT subsidiary of the South Korean technology behemoth, is launching three new products to address the concerns of clients about blockchain technology, according to a June 18th press release.

Samsung SDS Services to Unify Healthcare and Finance Sectors

Samsung SDS announced its initiative to address major concerns among its client base. The press release reads as follows:

“When companies apply blockchain technology to their business, they have concerns on Converging services across various industries, connecting different blockchain technologies […] easy application and expansion of blockchain in timely manner.”

Samsung SDS, therefore, proposes its ‘3C’ solutions Convergence, Connectivity, and Cloud. These products will serve as an “Automatic Insurance Claim Service” based on blockchain technology to help unify the healthcare and financial industries. These solutions will be linking the blockchain platforms of two airports and the cloud-based implementation of its Nexledger platform.

The insurance tool is scheduled to go live by the end of August, according to the announcement. 

Samsung Pushes Wider Adoption of Blockchain Solutions

Samsung SDS is also working on other partnerships to expand adoption of this blockchain suite.

Jeanie Hong, Senior Vice President and Leader of the Blockchain Center at Samsung SDS, stated, “We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations.”

As a leading tech firm, Samsung is also reportedly developing other projects based on cutting-edge technologies, such as 6G communications as well as blockchain. 


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