Tech Mahindra and Samsung partner for blockchain platform Nexledger

IT company Tech Mahindra and IT solutions and services providing company Samsung SDS concurred to make a debut in the foreign blockchain market. Samsung’s system assimilation wing, SDS intends to grow the use of company-owned blockchain platform called Nexledger in Europe, India, and the USA.

Keeping with the agreement, SDS is expected to develop and modernize Nexledger in collaboration with tech hulk and will strive to attract additional business prospects in the said states. Mahn Chey, Samsung SDS India’s president held that they are honored to proclaim their joint efforts to upgrade Nexledger in the international market while working with Tech Mahindra.

He further stated that the duo is certain about the worth that blockchain technology is about to add to the market; Samsung SDS has devoted its endeavors to set the blockchain stage. He further added that the companies are anticipating supply blockchain driven digital revolution for the consumers.

Nexledger blockchain security policy was propelled by Samsung SDS during 2017. It is frequently employed in the fields of the public sector, logistics, finance, and industry. It was aimed at combining custom-built features that often used open-source blockchains i.e. Ethereum or IBM’s Hyperledger Fabric.

In the meantime, Tech Mahindra that offers IT services to approximately 900 firms globally, employing around 120,000 IT engineers. Media reports state that the said company has already made around seventy percent (70%) of its workers adapt to manage innovative technologies.

Rajesh Dhuddu stated that being a party to the charter of TechMNxt, we are expected to invest in crafting a partner network to influence novel technologies and platforms to provide an improved experience to our patrons. The use of blockchain is not different for the tech leader as it has already been using IBM’s blockchain technology to generate solutions for sharing invoices between its auto and supply sectors.