In a positive move, Tech Mahindra has joined hands with Samsung SDS in an attempt to expand South Korean giant’s Nexledger technology, according to a report by ZDNet. The report goes on to add that the Indian consulting platform will offer blockchain solutions to its local market and will help Samsung in developing the Nexledger platform in going forward.
Nexledger is the blockchain platform developed by Samsung SDS, the software arm of the South Korean giant which is highly scalable with a large number of industry use cases and a wide array of customizable use cases for specific enterprise requirements.
The ZDNet report further adds that the companies are also planning to commercialize various proof-of-concept versions of the Nexledger platform and trying to make it available for different industries and markets.
It is important to note here that Samsung SDS commercialized Nexledger in 2017 for enterprise use but so far has only been able to gain access to the U.S. market. The main target areas for the company has been finance and logistics and the company joined hands with the Dutch bank ABN AMRO in 2018 to apply the project in shipping logistics.
Speaking to The Economic Times, 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 an 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 deploy.
While individual customers have been using PoCs over blockchain for the past year, companies expect that the technology can be used more widely and converted into commercial use soon.