Samsung SDS’ Partnership for New DLT Product
Samsung SDS of tech giant Samsung previously announced a joint initiative to launch its latest blockchain-based traceability product. The firm reportedly partnered with Pega and Tech Mahindra to further develop the new project.
In particular, the joint initiative is a combination of Samsung SDS’s enterprise blockchain platform Nexledger Universal and Pega’s digital process automation platform Pega Platform.
And once they integrate Pega’s core product with Nexledger, they will improve the supply chain systems.
Furthermore, the solution will target many related industries like banking and financial services, as well as insurance, manufacturing, public services, and supply chain logistics.
After the news, they announced a strategic collaboration between Samsung SDS and Tech Mahindra. The collab aims to improve and promote Nexledger in Indian and global markets, based on an April 2019 report. In addition to that, the product gives an open-source, hybrid, and private blockchain platform. And this will integrate a set of components such as monitoring tools, external linkages, and application programming interfaces.
Last April 24, 2019, Samsung SDS revealed a new version of Nexledger Universal. It is an application programming interface with the support of a number of blockchains. And this includes Ethereum, Hyperledger Fabric, and Nexledger Consensus of Algorithm of Samsung.
Previously, on Sunday, crypto markets somehow turned green. And Bitcoin (BTC) is finally showing signs of recovery by finding its way back over the $8,200 price mark.
During that day, Bitcoin has been trading under the $8,000 price mark for the better part of the day. But it is displaying signs of recovery after a few hours. BTC traded at an intraday low of about $7,950. And then, it ground up to its recent trading price of about $8,216. The world’s largest cryptocurrency disclosed gains of 3.73%.
On the other hand, crypto-skeptic Peter Schiff claimed that Bitcoin would experience a fast descent down to $4,000 or much lower.