Samsung SDS, the enterprise IT subsidiary of Samsung’s group, has announced a partnership with a fellow multinational IT company from India, Tech Mahindra, to push Samsung’s Nexledger blockchain platform around the world.
According to The Korea Times (Apr 14), the partnership will focus on upgrading Nexledger, and look at developing business opportunities in India, the US, and Europe.
Samsung introduced Nexledger as a blockchain security system for enterprises in 2017. The platform has been applied to areas in finance, manufacturing, logistics, and public sectors, such as in authentication. It combines customized features from common open source blockchains such as Hyperledger Fabric or Ethereum.
Samsung SDS has been expanding its foray into blockchain services. In February, it unveiled its own blockchain accelerator technology, called Nexledger Accelerator.
Tech Mahindra’s parent company Mahindra Group has also been putting effort into expanding its distributed ledger technology (DLT) projects. Last month, the company reportedly reskilled and upskilled 70% of its IT employees with the study of blockchain, AI, Internet of Things (IoT), and cybersecurity. Previously, Mahindra Group also partnered with IBM to apply DLT in supply chain finance to reduce invoicing for its auto division and suppliers.