Samsung SDS proposes ‘3C’ solutions to address blockchain adoption concerns

Samsung SDS, the IT subsidiary of Samsung, has proposed three solutions to address the common pain points faced by customers in adopting blockchain technology.

In its official announcement, Samsung SDS pointed out that while implementing blockchain technology, companies primarily have concerns on converging services across various industries, connecting different blockchain technologies, and easy application and expansion of blockchain in a timely manner.

To address these concerns, the company has proposed ‘3C’ solutions – Convergence, Connectivity, Cloud.

Elaborating further, Samsung SDS said that current market circumstances require companies to develop “new converged service” that connects business processes of different industries such as manufacturing, logistics, government, financial and healthcare.

To that end, it announced its plan to launch blockchain based ‘Automatic Insurance Claim Service’, by the end of August. The service has been built by a consortium of Samsung SDS, medical institutions, insurance companies and digital healthcare companies.

Speaking of connectivity, Samsung SDS said that it has introduced its pilot project of connecting blockchain networks of China's Tianjin Airport and Korea's Incheon Airport to exchange air cargo data. Earlier this year, it unveiled ‘DELIVER’ – a platform, jointly developed with the Port of Rotterdam Authority and ABN AMRO Bank, which connect different types of blockchain platforms.

“Samsung SDS plans to play a leading role in establishing worldwide logistics information network based on blockchain by expanding ‘DELIVER’ platform globally,” it said.

Lastly, noting the growing customers’ needs for an easy and low-cost development of blockchain application, Samsung SDS said that it provides its Nexledger Universal in the global cloud marketplace, allowing customers to use it in the cloud environment without installing a separate server and an application.

“We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations,” Jeanie Hong, Senior Vice President, Leader of Blockchain Center at Samsung SDS, said.