Samsung SDS, an IT subsidiary of the South Korean electronics giant, has revealed it is to establish a blockchain-based platform for the public sector.
According to Korea Herald report, Samsung SDS has signed a deal with the Seoul Metropolitan Government to help develop its "information strategy" plan – using blockchain to support administration across welfare, public safety and transportation affairs in the capital by 2022.
Hong Won-pyo, CEO of Samsung SDS said:
The city's government is seeking to enhance transparency and improve convenience for the public using blockchain technology, the article added.
The announcement follows seven months after Samsung unveiled Nexledger – an enterprise-grade blockchain platform hosted in the cloud – that targeted consortia blockchain efforts.
Samsung image via Shutterstock
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