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Samsung Subsidiary Launches Enterprise Blockchain Platforms New Version

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According to a press release dated April 24, Samsung SDS (IT Subsidiary of International Technology Giant – Samsung Group) has come out with a new version of its enterprise blockchain platform called Nexledger Universal.

Reports suggest that the Nexledger Universal offers an interface for application programming which can be applied to various blockchains such as Ethereum, Hyperledger Fabric, and the company’s own Nexledger Consensus Algorithm.

The press release further notes that users can then further develop applications for authentication, proof of originality and payment settlement. At present, Nexledger Universal is available at Microsoft’s Azure marketplace.

The senior vice president, leader of Blockchain Center at the Samsung’s subsidiary, Jeanie Hong said: “We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces.”

In the month of March, CEO – Samsung SDS, Hong Yuan Zhen stated that blockchain has the potential to boost productivity in the manufacturing industry. According to him, “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.”

This year, in the month of February, Samsung SDS came out to announce that it had come up with a means which could substantially speed up blockchain transactions. Samsung SDS further presented its Nexledger Accelerator at the IBM Think 2019 conference which was held at San Francisco. Also, technology has successfully passed testing on Hperledger Fabric.

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