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Blockchain - Samsung removes fears of using technology

2019-06-18 11:24 am | Resource: News Section | No Views : 107

Blockchain - Samsung removes fears of using technology Some companies have some concerns about the use of blockchain technology at the moment, so Samsung has introduced solutions through new services to eliminate these concerns.
SEOUL, June 18 (Xinhuanet) - South Korea's information technology giant Samsung has launched three new products aimed at addressing customer concerns over emerging blockchain technology, the company said in a press release on Tuesday (June 18th).
Following what it described as a problem with technology implementation, Samsung SDS said its new offerings will address key areas of interest between its customer base.
The statement said:
"When companies apply block chain technology to their business, they have concerns about merging services across industries, linking the various block chain technologies to easy application and expanding the block chain in a timely manner."
Samsung's statement added:
"Samsung SDS proposes solutions" C3 "to solve these difficulties; convergence, communication, cloud.
The products themselves are the "Block Chain Insurance Service" based on Block Chain to unify health care and financial industries, an experimental scheme to connect Block Chain platforms in general, and a cloud-based application to the current Nexledger platform.
Samsung SDS expects the insurance tool to start by the end of August, while additional partnerships to expand the use of its Block Chain are in progress.
Gini Hong, Senior Vice President and Head of Block Chain at Samsung SDS commented:
"We will expand our business in the Block chain with the Nexledger Universal-based cloud to support digital transitions for corporate customers."
Samsung has officially pledged its presence in block chain technology this week. According to a report quoting Vice President Jay Lee, the company is interested in moving to the latest bleeding technologies, which include sixth-generation communications as well as block chain.
In South Korea on a wider scale, enthusiasm about Block Chain technology continues to mount from sectors including banking.
Blockchain's technology continues to be available in many countries. Many governments have begun research into making the most of this technology, which can implement many commands, achieving transparency, speed, and safety for all parties.

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