Samsung SDS Tackles Blockchain Adoption Concerns With New Services

The IT subsidiary of South Korean tech giant Samsung is launching three new products aimed at addressing clients worries about blockchain, the company confirmed in a press release on June 18.

Following what it describes as trouble implementing the technology, Samsung SDS said its new offerings will address core areas of concern among its client base.

“When companies apply blockchain technology to their business, they have concerns on  Converging services across various industries, connecting different blockchain technologies [...] easy application and expansion of blockchain in timely manner,” the release states. It adds:

“Samsung SDS proposes ‘3C’ solutions to solve such difficulties; Convergence, Connectivity, Cloud.”

The products themselves are a blockchain-based “Automatic Insurance Claim Service” for uniting the healthcare and financial industries, a pilot scheme for linking the blockchain platforms of two airports, and a cloud-based implementation of its existing Nexledger platform.

The insurance tool should go live by the end of August, Samsung SDS forecasts, while additional partnerships to expand usage of its blockchain suite are also in progress.

“We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations,” Jeanie Hong, senior vice president and leader of the Blockchain Center at Samsung SDS commented.

Samsung had already formally pledged to build on its blockchain presence this week. According to a report citing vice president Jay V. Lee, the company is interested in transferring to bleeding-edge tech, which includes 6G communications as well as blockchain.

In South Korea more broadly, as Cointelegraph reported, enthusiasm around blockchain technology continues to build from sectors including banking.