Samsung SDS, the information & communication tech arm of the Samsung Group of South Korea, and India’s IT major Tech Mahindra today announced to collaborate in the global blockchain market.
As part of the collaboration between the two companies, Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, will offer Samsung SDS’s blockchain platform, Nexledger, a blockchain platform developed by Samsung SDS, in both Indian and global market.
With the ability to deliver wide spectrum of customizable use case application services to trusted participants on the fly, Nexledger provides flexibility to developers as they can choose from various blockchain core technologies and consensus algorithms such as NCA (Nexledger Consensus Algorithm), Hyperledger Fabric and Ethereum.
Since the launch of Nexledger in 2017, Samsung SDS has secured various use cases in the real business, specifically, in the financial, logistics, and public sector.
Blockchain is the upcoming technology which has been evaluated (in the form of PoCs) by various customers across the globe in last year. This year it is expected that these PoCs will get converted into commercial deployments. Both partners consider Blockchain as a strong focus area in 2019 and will leverage each other’s strengths in various geographies to make this collaboration successful.
Tech Mahindra will also actively contribute to improve Nexledger capabilities by participating in the development process of Nexledger platform.
Mahn Chey, President of Samsung SDS India said, “We are proud to announce our joint efforts to promote Nexledger in the global market with Tech Mahindra. As a company that believes in the value the blockchain technology will bring, Samsung SDS has dedicated its efforts to develop a blockchain platform, Nexledger, that meets the enterprise needs in the business sector. Together with Tech Mahindra, we look forward to delivering blockchain powered digital transformation to our clients.”
Rajesh Dhuddu, Global Practice Leader — Blockchain at Tech Mahindra, said, “As part of our TechMNxt charter, we are invested in creating a partner ecosystem to leverage next generation technologies and platforms to provide enhanced experience to our customers. As a step towards the same, we are delighted to partner with Samsung SDS and look forward to leveraging their market research, proprietary Blockchain platform Nexledger that has proven ability to automate a complex Blockchain network deployment and maximise transactions not only on their native platform but also on Hyperledger and Ethereum. This partnership will also enhance our reach in Korean, India and other APAC markets, maximise the joint offerings through a combination of respective platforms, Tech Mahindra’s System Integration skills and Innovation centres in India.”
Last month, India’s largest IT & software consultancy company Tata Consultancy Services (TCS) had announced that it is developing solutions to drive scaled adoption of blockchain across industries, using technologies from Microsoft Azuere and Corda Enterprise blockchain platform of R3, a blockchain software firm.
Tech Mahindra, which recently acquired Dynacommerce, a 4-year-old Netherlands-based IT firm, had also joined hands with IBM to develop blockchain-based supply chain apps to step up transparency and security between supplier-to-manufacturer trade through a permissioned distributed ledger.
Last December, the Indian firm launched ‘Talex’, which the company is claiming to be the World’s first Artificial Intelligence (AI) based, talent exchange market place to address issues related to upskilling, reskilling and talent management within the organisation.
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