Samsung SDS CEO Hong Won-pyo has announced the company will be adding blockchain technology solution to its enterprise IT package.

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The new “Digital Transformation Framework” tools will feature many new updates including intelligent enterprise and next generation ERP/SCM/IPA, intelligent factory (manufacturing/logistics/plant intelligence), cloud security, and innovative technology platforms (AI/blockchain/IoT).

The company recently released Nexledger Universal, utilizing its own consensus algorithm, the Samsung SDS Nexledger Consensus Algorithm (NCA).

The blockchain can also use the Hyperledger Fabric and ethereum blockchains.

“Blockchain is a technology that is used in all areas of business including finance, manufacturing, logistics, and distribution,” said Hong Hyeong-jin, CEO of Samsung SDS’ Nexledger project.

“We are upgrading the company’s blockchain platform at Nexledger to meet the demand. As digital convergence is accelerating, convergence services are expanding across industries. Blockchain technology is also being used in financials where payments are made through manufacturing, distribution, and distribution. We will upgrade Nexledger to meet customer needs.”

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