Samsung SDS Offers Three New Solutions To Tackle Blockchain Adoption Concerns

Blockchain, News | June 19, 2019 By:

Samsung SDS, the Internet technology solutions unit of Samsung Group, is offering three new solutions aimed at addressing customers’ common pain points in adopting blockchain technology.

Samsung SDS said that when companies apply blockchain technology to their business, they have concerns on converging services across various industries, connecting different blockchain technologies, easy application and expansion of blockchain in timely manner. To solve such difficulties, the company has proposed ‘3C’ solutions: Convergence, Connectivity and Cloud.

According to Samsung SDS, current market circumstances require companies to develop “new converged service” that connects business processes of different industries, such as manufacturing, logistics, government, financial and healthcare. The company said that it will be launching blockchain-based “Automatic Insurance Claim Service” by the end of August to unite the healthcare and financial industries. The service was built by the consortium of Samsung SDS, medical institutions, insurance companies and digital healthcare companies.

Regarding connectivity, Samsung SDS said that it has introduced its pilot project of connecting blockchain networks of China’s Tianjin Airport and Korea’s Incheon Airport to exchange air cargo data. In March of this year, the company announced a platform, called “Deliver,” that connects different types of blockchain platforms and allows users to run apps for Ethereum as well as Hyperledger. The platform was jointly developed by Samsung SDS, the Port of Rotterdam Authority and ABN AMRO.

“Samsung SDS plans to play a leading role in establishing worldwide logistics information network based on blockchain by expanding ‘DELIVER’ platform globally,” the company said.

Speaking of cloud, Samsung SDS noted that customers’ needs for an easy and low-cost development of blockchain application are increasing. To meet these needs, the company provides its Nexledger Universal in the global cloud marketplace to allow customers to use it in the cloud environment without installing a separate server and an application.

“We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations,” said Jeanie Hong, Senior Vice President, Leader of Blockchain Center at Samsung SDS.