Samsung solves blockchain problems

3 min reading

Korean technology giant, Samsung, launches three new products to solve blockchain-related problems.

Three problems, three solutions

In a press release on June 18, Samsung proposed a "3C" solution for customers with adopting blockchain technology difficulties. The company announced that new offers will concern the main areas of customer interest: Convergence combining business processes of various industries Connectivity between different blockchain networks, in different countries Free cloud-based development without the need to install a separate server and application In the release we can read:
When companies use blockchain technology, they have concerns about converged services in various industries, combining different blockchain technologies, easy application and blockchain expansion at the right time.

A cure for all evil

In the case of convergence, Samsung is introducing the Automatic Insurance Claim Service program. The proposed solution is to serve both the health and financial care industry. The tool should launch in August. However, to emphasize the connectivity possibilities, the company presented a pilot project, connecting networks of two airports in different countries, to exchange data on air cargo. Finally, Samsung announced that it will provide its clients with access to the cloud, the Nexledger Universal platform. The solution is to ensure easy and cheap development of blockchain activities.
We will expand our blockchain business with a cloud-based Nexledger Universal to support the digital transformation of corporate clients - commented Jeanie Hong, vice-president and leader of Blockchain Center at Samsung SDS.

Samsung in the blockchain arena

These are not Samsung's first activities related to blockchain technology. In April, the company informed about their plans to create its own Ethereum-based blockchain network. Also, at the beginning of the year, the company was planning to release its cryptocurrency wallet.
Waluta Kurs Dokonaj zakupu

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.