To expand the use of its Nexledger Blockchain platform outside of Korea, Samsung SDS, Samsung's system integration business, has reportedly agreed to cooperate with Tech Mahindra , India's information technology giant.
Expand the Samsung market
The aim of this partnership agreement would be to support Samsung SDS in penetrating the Blockchain foreign market, particularly in the United States, Europe and, above all, India.
Under the terms of the agreement, the two companies would seek new business opportunities in Indian territory.
Tech Mahindra will lend a hand to Samsung SDS on the possible updates of Nexledger , its blockchain security platform, which has been used in many areas such as finance, manufacturing, logistics since since its launch in 2017.
Samsung SDS and Mahindra committed to promoting Blockchain technology
Samsung SDS recently announced the launch of its Blockchain accelerator, the Nexledger Accelerator, following tests with Hyperledger Fabric that has been successful.
This solution works as a transaction processing speed catalyst.
Meanwhile, Tech Mahindra's parent company has awarded some 70% of its employees training in new technologies, including Blockchain, AI, Internet of Things and Cybersecurity.
In addition, it also uses IBM's Blockchain technology to create a solution for billing between its automotive branch and its suppliers.
And today, she is reviewing the use of the blockchain for tracking tokens and improving automatic reminders.
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