Samsung's 'Digital Transformation Framework' Includes Blockchain Tech

Samsung SDS is adding blockchain tech to its enterprise IT offerings.

May 8, 2019 at 4:10 p.m. UTC
Updated Sep 13, 2021 at 9:09 a.m. UTC

At Samsung's Real 2019 event in Seoul, Samsung SDS CEO Hong Won-pyo described the company's plans to add blockchain tech to its entrprise IT solution packages.

Samsung SDS, formerly known as Samsung Data Systems, is the company's IT consulting arm and it has been exploring blockchain tech for some time. The newly announced package of tools, called "Digital Transformation Framework," will feature a number of updates including:

Intelligent enterprise and next generation ERP / SCM / IPA, intelligent factory (manufacturing / logistics / plant intelligence), cloud security, and innovative technology platforms (AI / block chain / IoT)

"Blockchain is a technology that is used in all areas of business including finance, manufacturing, logistics, and distribution," said Hong Hyeong-jin, CEO of Samsung SDS' Nexledger project. "We are upgrading the company's blockchain platform at Nexledger to meet the demand."

Samsung has been working in the blockchain space for months and recently released Nexledger Universal which can use its own consensus algorithm - Samsung SDS Nexledger Consensus Algorithm (NCA) - or the Hyperledger Fabric and ethereum blockchains.

"As digital convergence is accelerating, convergence services are expanding across industries," said Hyeong-jin, "Blockchain technology is also being used in financials where payments are made through manufacturing, distribution, and distribution. We will upgrade Nexledger to meet customer needs."

Samsung image via Shutterstock

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