Global know-how large Samsung at the moment unveiled its Nexledger blockchain platform, alongside a collection of different bulletins.
The resolution is portrayed as an enterprise-grade blockchain platform hosted with cloud computing, in a Korean Herald report at the moment. But particulars uncovered by CoinDesk point out that Samsung could also be concentrating on the more and more crowded consortia enterprise mannequin with this newest launch.
A trademark filed by Samsung for the Nexledger identify describes the know-how as a permissioned blockchain system created particularly to type a consortium.
The trademark describes Nexledger as:
“A platform based on permissioned blockchain model that is composed of only trusted participants in order to block potential access from unspecified nodes whose trust is not guaranteed.”
The consortia mannequin goals to optimize blockchain community results by giving potential opponents entry to the distributed ledger resolution, whereas guaranteeing solely information required for a transaction is seen by the counterparties.
Similar to different teams of banks and different firms equivalent to R3 and Hyperledger, Nexledger seems to be a broadly relevant resolution.
Other features described within the trademark submitting embody good contracts for monetary companies, a loyalty level program and authentication for monetary companies.
Part of that authentication course of may embody biometric verification, the info of which might even be logged on the blockchain, in line with a ZDNet report, additionally at the moment.
Today’s information is the newest growth within the South Korean electronics large’s ongoing blockchain efforts.
Last July Samsung revealed it had invested in South Korean blockchain-as-a service platform Blocko, and months later joined Hyperledger, the Linux-led blockchain consortium working with open supply know-how.
Samsung image through Shutterstock
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