Samsung SDS Unveils Upgrades to its Enterprise Blockchain Platform

Asia Blockchain Review
May 19, 2019

Samsung SDS, the IT subsidiary of South Korean conglomerate Samsung Group, has launched Nexledger Universal, elevating its enterprise blockchain platform.

Nexledger Universal provides an application programming interface (API) that can be applied to Samsung SDS’s own NCA (Nexledger Consensus Algorithm) and other blockchains such as Hyperledger Fabric and Ethereum.

The platform was confirmed in the press release to allow users to create different applications, such as for authentication, proof of originality, and payment settlement.

Jeanie Hong, Senior Vice President and Leader of the Blockchain Center of Samsung SDS, said, “We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces.”

Nexledger Universal, now available in Microsoft’s Azure Marketplace, allows users to experience a readily available cloud system without the need for servers or installing applications.

According to Hong Yuan Zhen, President and CEO of Samsung SDS, blockchain technology is a great tool to boost productivity in the manufacturing industry.

“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,” Hong Yuan Zhen said.

With the newest version of Nexledger Universal, the time and resources required for developing blockchain applications will be dramatically reduced. Consequently, business innovation through blockchain technology can be achieved at ease.

Source: cointelegraph.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Thailand’s Krungsri Bank and Siam City Cement Enhance Supply Chains with Blockchain
One of Thailand’s largest banks, Krungsri Bank, has partnered with Siam City Cement to develop block...

June 16, 2019

US Insurance Giants Collaborate to Settle Payments with Blockchain
Two US insurance companies are piloting a blockchain platform to see how the nascent technology can ...

June 16, 2019

Blockchain Startup Crypto.com to Ship Crypto Debit Cards Globally, Starting with Singapore
The Hong Kong firm plans to offer the debit cards globally in partnership with the Singapore-based s...

June 16, 2019

Bank of Thailand to Greenlight Biometric ID Technology
The Thai central bank has confirmed plans to implement biometric authentication technology as author...

June 15, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us