Samsung SDS and Tech Mahindra are to collaborate in the global blockchain market using the Nexledger platform. As part of the collaboration between the two companies, Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, will offer Samsung SDS’s blockchain platform, Nexledger, in the Indian as well as global markets.
Rajesh Dhuddu, Global Practice Leader — Blockchain at Tech Mahindra, said: “As part of our TechMNxt charter, we are invested in creating a partner ecosystem to leverage next generation technologies and platforms to provide enhanced experience to our customers. As a step towards the same, we are delighted to partner with Samsung SDS and look forward to leveraging their market research, proprietary Blockchain platform Nexledger that has proven ability to automate a complex Blockchain network deployment and maximise transactions not only on their native platform but also on Hyperledger and Ethereum.
“This partnership will also enhance our reach in Korean, India and other APAC markets, maximise the joint offerings through a combination of respective platforms, Tech Mahindra’s System Integration skills and Innovation centres in India.”
Nexledger is a blockchain platform developed by Samsung SDS. Flexible and scalable, with the ability to address a wide spectrum of use cases, it provides application services to trusted participants on the fly, based on enterprise-specific requirements.
Nexledger offers flexibility to developers – because they can choose from various blockchain core technologies and consensus algorithms. These include:
- NCA (Nexledger Consensus Algorithm)
- Hyperledger Fabric
Since its launch in 2017, Samsung SDS has implemented Nexledger in a variety of industry sectors, including:
- government (public sector).
For Samsung SDS, blockchain is an upcoming technology. Via PoCs in 2018, various customers have evaluated what is possible. In 2019, Samsung SDS expects many of these PoCs to become commercial deployments.
Tech Mahindra will contribute to improve Nexledger capabilities. This will occur by participating in the development process of Nexledger platform.
Samsung SDS believes it differentiates its Nexledger platform via the following characteristics:
- systemised blockchain value assessment (analysis for efficiency with identification of the best way forward)
- efficiency and scalability
- pan-industry applicability.
Supplementing these, the Nexledger platform includes:
- management monitoring: this checks new block creation and blockchain network activity status in detail via a management monitoring system
- smart contracts: these go beyond simple sharing of transaction histories, by automating transactions
- monitoring of the processing of high transaction volumes in real time; this brings verification and sharing of transaction histories to those needing to process high transaction volumes.
Mahn Chey, President of Samsung SDS India said: “We are proud to announce our joint efforts to promote Nexledger in the global market with Tech Mahindra.
“As a company that believes in the value the blockchain technology will bring, Samsung SDS has dedicated its efforts to develop a blockchain platform, Nexledger, that meets the enterprise needs in the business sector. Together with Tech Mahindra, we look forward to delivering blockchain powered digital transformation to our clients.”
About Tech Mahindra and Samsung SDS
Tech Mahindra is a US$5B services company with >120K professionals working across 90 countries. Its platforms and reusable assets connect a range of technologies as it seeks to deliver business value and experiences, including to Fortune 500 companies. Mahindra Tech part of the US$21B Mahindra Group.
Samsung SDS, founded in 1985 as the software arm of Samsung, seeks to promote data-driven digital transformation. To do this it exploits advanced technologies – including analytics platforms, AI, blockchain and cloud – to serve a range of industries including intelligent manufacturing, global logistics, enterprise mobility, financial services and retail. Nexledger is one of these advanced technologies.
Enterprise Times: what does this mean
Samsung SDS has promoted Nexledger within its own client base. By linking up with Tech Mahindra, Nexledger receives a significant boost as well as far extending its geographical reach.
Both partners consider blockchain to be area in 2019 on which to focus. Each will seek to leverage the other’s strengths. What Enterprise Times will look for will be what, and how, Tech Mahindra adds to and enhances the existing capabilities of Nexledger as a technology, though it may take time before this is clear (especially as so little detailed information about Nexledger is available online).