Samsung SDS teams up with Tech Mahindra for global expansion of Nexledger blockchain platform

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has signed a business agreement with Indian IT giant Tech Mahindra to drive the global expansion of its enterprise blockchain platform ‘Nexledger’.

First announced in 2017, Nexledger is a blockchain platform built for the enterprise. It 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.

Tech Mahindra, a subsidiary of the Mahindra Group in India, provides IT services to more than 900 companies worldwide and has more than 120,000 IT professionals.

Under the agreement, Samsung SDS and Tech Mahindra will work closely to uncover blockchain business opportunities in India, the United States, and Europe. They will also cooperate with technology development for upgrading Nexledger.

In February, Samsung SDS has announced that it has developed “Nexledger Accelerator” in order to boost transaction processing speed. It said, “Samsung SDS tested the Nexledger Accelerator in Hyperledger Fabric last December and found that the transaction processing speed was significantly improved.”

Gartner included Samsung SDS Nexledger as a representative vendor in its report entitled “Market Guide for Blockchain Platforms.”