Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.
SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates.
More recently, Samsung SDS announced it is launching its own blockchain accelerator technology, Nexledger Accelerator, following a successful test with Hyperledger Fabric.
In March, parent company Mahindra reportedly trained 70% of its employees to deal with new technologies, including blockchain, AI, Internet of Thingsand cybersecurity.
Moreover, Mahindra has previously used IBM blockchain technology in order to create a solution for discounting invoices between its auto division and suppliers. According to IBM, the company is also investigating the use of blockchain to track parts and improve auto recalls.