Samsung SDS (CEP Hong Won-pyo) decided on May 3rd to strengthen its blockchain business, which will revolutionize the transactions between Ernest Young (EY), a global accounting and consulting firm, and companies in the manufacturing, logistics, and finance business.
EY is a blockchain global consulting company that uses blockchain to lead business innovation based on SCM (Supply Chain Management)/ ERP (Enterprise Resource Management) systems and MES (Manufacturing execution system) combined with IoT.
Samsung SDS is the first company in Korea to apply Nexledger, its enterprise blockchain platform, to financial, manufacturing, and public sectors. Furthermore, Samsung SDS plans to expand its blockchain business by combining Nexledge with EY’s blockchain consulting capabilities.
Through this agreement, both companies are planning to co-discover and cooperate on opportunities for blockchain businesses and actively exchange trends in blockchain markets and global technologies.
Samsung SDS emphasized that applying blockchains to business-to-business transactions in manufacturing, logistics, and finance can improve data reliability among business participants (partners, collaborators, customers, etc).
Paul Brody, General Manager of EY’S global Blockchain business, said, “Samsung SDS’s manufacturing and logistics system construction and operation capabilities and blockchain platform Nexledger are expected to be synergized with EY’s blockchain consulting capabilities.”
Samsung SDS Lim Soo-hyun, managing director of strategic planning, emphasized that, “Cooperation with EY will enhance Samsung SDS’s blockchain business competitiveness and expand its blockchain business globally.”
