Samsung, a South Korean multinational conglomerate with various subsidiaries, serves a different purpose depending on the industry in which they are operating. One such subsidiary of Samsung is Samsung SDS. This unit of Samsung was established in 1985, and since then, it has been providing services like consultation, technical services, and outsourcing services in the information technology sector.
The firm is investing in business areas like R&D and emerging technologies like blockchain, artificial intelligence, and engineering outsourcing. Recently the company has added new privacy-enhancing technology to the enterprise blockchain solution, Nexledger.
Note: The Samsung SDS platform, Nexledger, is an open-source hybrid blockchain platform that integrates blockchain technologies available in the market to provide a variety of blockchain cores.
Samsung SDS partnership
SDS partnered with an Israeli tech startup QEDIT for this implementation, and the startup uses zero-knowledge proof (ZKP) cryptography which helps the enterprises to manage the business data in an environment that is based on shared-ledger. This privacy solution would allow the clients using Nexledger to authenticate the data they are working on without revealing any additional information.
Senior VP of Samsung SDS further mentioned how the platform has been working well during the rigorous testing and trials that were conducted before implementing the solution to the blockchain. Before this, QEDIT partnered with Deloitte to add a similar system for their enterprise blockchain solution, EduScrypt.