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Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, is teaming up with Indian IT firm Tech Mahindra and American software company Pega to launch a blockchain-based traceability solution.
The solution will integrate Pega Platform, Pega’s core software product, with Samsung SDS’ Nexledger Universal. Tech Mahindra will bring its industry and technology know-how to the project. The objective is to create a reliable network, which improves accountability and fosters operational excellence.
According to a press release, combining enterprise-grade blockchain platform Nexledger Universal with Pega’s digital process automation (DPA) solutions could help transform the supply chain and disrupt the way goods are produced, marketed, purchased and consumed.
“By bringing together the best in class capabilities of the Pega Digital Process Automation and the Samsung SDS blockchain platforms, we are demonstrating business process and business model innovation possibilities for organizations that are looking to break internal siloes and collaborate with external partners and suppliers seamlessly, to deliver differentiated value to their end customers,” Natesh Parameswaran, Vice President, Global Head – Digital Solutions & Pega Practice, said.
The blockchain-based solution could unlock significant transformational opportunities across Industries such as banking and financial services, insurance, manufacturing, public services and logistics & supply chain.
Ted Kim, Vice President of Blockchain Team, Samsung SDS America, said that the partnership with Tech Mahindra and Pega has enabled Samsung Nexledger Universal to address some of the unresolved challenges inherent in operating in the global marketplace, especially around warranty, authenticity, recovery and customer satisfaction.
“Together, we are demonstrating that trusted, immutable, distributed and decentralized Blockchain and Digital Process Automation are a dynamic, powerful combination for unearthing hidden value in Business Value chains,” Kim said.
In April, Samsung SDS signed a business agreement with Tech Mahindra to drive the global expansion of Nexledger. Tech Mahindra contributes to improving Nexledger capabilities by participating in the engineering and development process of the platform.
Furthermore, Tech Mahindra and Pega have a long-running partnership since 2003 and have been delivering innovative business solutions to global customers across several industries.
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