Samsung SDS will develop a blockchain-based mobile settlement platform with Syniverse, a U.S. telecommunications solution provider.
Samsung SDS attended the CES 2020 held in Las Vegas from July 7-10 and signed a business agreement with Syniverse to jointly develop blockchain-based mobile settlement platforms.
It will develop platforms by utilizing Samsung SDS’ corporate blockchain platform Nexledger Universal and Syniverse’s blockchain solution Universal Commerce. This is a system that makes it easy to transfer, settle and pay based on phone numbers, and enhances security with blockchain technology.
Through the agreement, the two companies plan to develop combined products for logistics, finance, travel, media and distribution industries and pursue joint projects for North American and global markets.
Since September last year, Samsung SDS has been providing its own blockchain-based payment service SGP on a trial basis at its headquarters in Seoul, and its employees can use it and purchase goods in an in-house cafeteria.
Meanwhile, Samsung SDS, which set up its first solo booth at the CES this year, plans to further strengthen its global business by finding new growth engines overseas.
It also introduced a blockchain-based auto parts management model developed in collaboration with Indian IT firm Mahindra and U.S. software company Pega System. Through high-level security blockchain technology, automakers, service providers and car owners can check whether or not parts are genuine or not and get product quality guaranteed.