Samsung SDS showcases blockchain accelerating technology at IBM conference

Park Sae-jin Reporter Posted : 2019-02-14 11:14 Updated : 2019-02-14 11:14
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[Courtesy of Samsung SDS]

SEOUL --  Samsung SDS, an information technology wing of South Korea's Samsung group, has showcased "Nexledger Accelerator," a new technology used for accelerating the processing process of blockchain networks. The company will participate in IBM's blockchain platform board.

Blockchain is a decentralized service which shares replicated and synchronized data geographically spread across multiple servers operated by countries or organizations. Each virtual ledger works as a verification tool, making it almost impossible to hack or manipulate.

Nexledger Accelerator, unveiled at a technology conference in San Francisco on Thursday, can improve the speed of Hyperledger Fabric, an IBM blockchain framework for enterprises. Samsung SDS plans to release test kits and a white book including technology roadmaps for Nexledger Accelerator through Github, an open online technology forum.

In September 2018, the Korea Customs Service selected Samsung SDS as the main developer of a blockchain-based logistics platform to simplify customs clearance and prevent document forgery. By using Nexledger, a blockchain platform developed by Samsung SDS, all documents created during the customs process will be stored in virtual ledgers.