Samsung SDS launches next version of enterprise blockchain platform ‘Nexledger’

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has announced the launch of Nexledger Universal, the next version of its enterprise blockchain platform Nexledger.

First announced in 2017, Nexledger empowers organizations to take control of distributed transactions securely and conveniently. The platform has been implemented in various fields such as finance, manufacturing, logistics, and the public sector.

The latest version provides faster performance and has improved security functions by applying “white box cryptography technology.” It would enable customers to reduce the time and resources required for securing blockchain developers and verifying the technology.

According to the press release, Nexledger Universal provides standard application programming interface (API) that is commonly applicable to Samsung SDS NCA (Nexledger Consensus Algorithm) and general blockchains such as Hyperledger Fabric and Ethereum.

“Through this, customers can develop application services such as user authentication, payment settlement, and proof of originality using only one of three technologies and can easily apply to other technologies,” it added.

Nexledger Universal is available as platform as a service (PaaS) in the Microsoft’s Azure marketplace, allowing customers to experience it in cloud environment without the need for separate server and application installation.

“We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces,” said Jeanie Hong, senior vice president, leader of Blockchain Center of Samsung SDS.

Recently, Samsung SDS signed a business agreement with Indian IT giant Tech Mahindra to drive the global expansion of Nexledger.