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Tech+Mahindra+to+tap+Samsung%27s+Nexledger+Blockchain

Tech Mahindra to tap Samsung's Nexledger Blockchain

 

Per a report published by The Korea Times, Samsung SDS is all set to collaborate with IT giant Tech Mahindra to make a grand entry in the overseas blockchain market. SDS, the systems integration arm of Korean tech behemoth Samsung has plans to take Nexledger blockhain to India, the United States and Europe. 

More recently, Samsung SDS announced that it will soon be launching its own blockchain accelerator technology, Nexledger Accelerator, following a successful test with Hyperledger Fabric, which will improve transaction processing speed. For the Accelerator, a dedicated Github repository aims to offer developers tools for testing and expanding the technology via a scheme dubbed “Innovation Sandbox.”

In March, Mahindra reportedly extensively trained 70% of its employees to deal with new technologies, including blockchain, AI, Internet of Things and cybersecurity. Moreover, Mahindra has a prior experience in using distributed ledger technology. It has used IBM’s blockchain technology to create a solution for discounting invoices between its auto division and suppliers. 

Blockchain adoption has been on all time high despite the bearish crypto market. Earlier this month, United States-based Blockchain Holdings Capital Ventures (BHCV) partnered with SG Blocks. Blockchain Holdings Capital Ventures will be SG Blocks’ sole partner in designing decentralized data centers. The first prototype is expected to appear in Q4 2019.

In another news published by CoinMarketFeed, United States food and drug chain Albertsons companies recently became the latest client retailer of IBM’s Food Trust Blockchain platform. The latter has a chain of 2,300 stores across the U.S. The firm plans to expand on the usage of blockchain with other products but initially, it will use the supply chain to track romaine lettuce. 

About Tech Mahindra

Tech Mahindra, an IT affiliate of India's Mahindra Group, has been providing IT services to about 900 companies from across the world and has secured more than 120,000 IT engineers.Moreover,  it is a  USD 4.9 billion company with 121,840+ professionals across 90 countries, helping over 935 global customers including Fortune 500 companies. 

About Nexledger

Nexledger, a blockchain security platform was launched in 2017, has since been used in finance, manufacturing, logistics and other areas. The solution was trialed by the Korea Customs Service in its export customs logistics services. Forty-eight different organizations, including public agencies, shipping and insurance companies, also joined the test. Furthermore, The blockchain platform also won a nod as tech industry research firm Gartner chose the platform as one of the representative vendors in the market in 2018.