Indian IT Giant Tech Mahindra to Use Samsung's Nexledger Blockchain: Local Media

Samsung SDS reportedly will work with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market.

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.

SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe.

As per the agreement, the two companies will reportedly seek more business opportunities in the region. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates.

Nexledger, a blockchain security platform launched in 2017, has since been used in finance, manufacturing, logistics and other areas. For instance, the solution was trialed by the Korea Customs Service in its export customs logistics services. Forty-eight different organizations, including public agencies, shipping and insurance companies, also joined the test.

More recently, Samsung SDS announced it is launching its own blockchain accelerator technology, Nexledger Accelerator, following a successful test with Hyperledger Fabric. The solution reportedly improves transaction processing speed.

In March, parent company Mahindra reportedly trained 70% of its employees to deal with new technologies, including blockchain, AI, Internet of Thingsand cybersecurity.

Moreover, Mahindra has previously used IBM blockchain technology in order to create a solution for discounting invoices between its auto division and suppliers. According to IBM, the company is also investigating the use of blockchain to track parts and improve auto recalls.

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2832,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Indian IT Giant Tech Mahindra to Use Samsung's Nexledger Blockchain: Local Media
Indian IT Giant Tech Mahindra to Use Samsung's Nexledger Blockchain: Local Media
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yYzYyOTdhMWE0MmU3ODQ2MDdhYzc3ZTdlN2Y0YmVmYi5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/04/indian-it-giant-tech-mahindra-to-use.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/04/indian-it-giant-tech-mahindra-to-use.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy