By CEO and president of Samsung’s IT & consultancy subsidiary – Samsung SDS recently revealed that the tech conglomerate is including blockchain as one of the key technologies for its “Digital Transformation Framework”.
This new development was revealed during president and CEO Hong Yuan Zhen’s speech at the Samsung Real event which was held in Seoul on May 8th.
During a press release which accompanied the event, Samsung described that its Digital Transformation Framework plans to leverage technological solutions in support of digital innovation in the manufacturing, marketing, sales and management sectors amongst others.
The firm listed blockchain technologies as one of its core competencies in terms of technical and industry know-how under the banner of “innovative technology and platforms” along with AI (artificial intelligence) and IoT (internet of things) tech.
Hong Yuan Zhen has in the past asserted his beliefs in that blockchain tech could vastly improve productivity within the manufacturing industry and has also contextualised its potential when combined with AI.
Samsung SDS has in the past dipped into the blockchain tech space via a partnership with Dutch Bank ABN AMRO to pilot the technology within the shipping industry. Back in summer 2018, Samsung SDS launched its own blockchain network targeted at financial businesses, dubbed “Nexfinance” and another blockchain project which is aimed at the logistics sector.
Earlier this year in February, Samsung SDS revealed that it developed technology which could speed up blockchain transactions. The technology is dubbed “Nexledger Accelerator” which notably passed a test phase with Hyperledger Fabric.
Back in April, the subsidiary revealed “Nexledger Universal” a new version of its enterprise blockchain network which offers users an application programming interface that can be implemented on various blockchains including Ethereum, Hypderledger Fabric and of course the firms own Nexledger Consensus Algorithm.
Comments