Samsung SDS Addressed Blockchain Adoption With New Solutions

Samsung SDS Addressed Blockchain Adoption With New Solutions

The company proposes projects aiming at solving three customers’ common pain points: convergence, connectivity and cloud

On June 18, 2019, Sumsung SDS reported in an official press release about launching three blockchain business solutions addressing clients’ concerns about blockchain technology. Samsung SDS is an IT subsidiary of South Korean company Samsung.

The press release says: “When companies apply blockchain technology to their business, they have concerns on 1) converging services across various industries, 2) connecting different blockchain technologies, 3) easy application and expansion of blockchain in timely manner.”

Samsung SDS states that is new solutions will solve these main areas of concern – Convergence, Connectivity, Cloud – among its customers.

The proposed solutions are: 1) blockchain-based “Automatic Insurance Claim Service”, which is a case of convergence between healthcare and financial industries; 2) a pilot project for linking the blockchain platforms of two airports – Chinese Tianjin Airport and Korean Incheon Airport – aimed at establishing exchange of air cargo data; and 3) a cloud-based implementation of its Nexledger platform.

The first solution mentioned is arranged to be launched by the end of August, 2019, other ones are in progress.

 “We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations,” – Jeanie Hong – the senior vice president and leader of the Blockchain Center at Samsung SDS – noted.

Author: Helen Darkhouse

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