Share this article
Samsung's 'Digital Transformation Framework' Includes Blockchain Tech
Samsung SDS is adding blockchain tech to its enterprise IT offerings.
By John Biggs
Updated Sep 13, 2021, 9:09 a.m. Published May 8, 2019, 4:10 p.m.
Make us preferred on Google
At Samsung's Real 2019 event in Seoul, Samsung SDS CEO Hong Won-pyo described the company's plans to add blockchain tech to its entrprise IT solution packages.
Samsung SDS, formerly known as Samsung Data Systems, is the company's IT consulting arm and it has been exploring blockchain tech for some time. The newly announced package of tools, called "Digital Transformation Framework," will feature a number of updates including:
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Intelligent enterprise and next generation ERP / SCM / IPA, intelligent factory (manufacturing / logistics / plant intelligence), cloud security, and innovative technology platforms (AI / block chain / IoT)
"Blockchain is a technology that is used in all areas of business including finance, manufacturing, logistics, and distribution," said Hong Hyeong-jin, CEO of Samsung SDS' Nexledger project. "We are upgrading the company's blockchain platform at Nexledger to meet the demand."
Samsung has been working in the blockchain space for months and recently released Nexledger Universal which can use its own consensus algorithm - Samsung SDS Nexledger Consensus Algorithm (NCA) - or the Hyperledger Fabric and ethereum blockchains.
"As digital convergence is accelerating, convergence services are expanding across industries," said Hyeong-jin, "Blockchain technology is also being used in financials where payments are made through manufacturing, distribution, and distribution. We will upgrade Nexledger to meet customer needs."
Samsung image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Meta and Microsoft continue going big on AI Spending. Here's how bitcoin miners could benefit
In its fourth quarter earnings report, Meta said capital spending plans for 2026 should be in the range of $115-$135 billion, well ahead of consensus forecasts.
What to know:
- Fourth-quarter earnings results from Microsoft (MSFT) and Meta (META) suggested no slowdown in AI-related spending.
- Microsoft highlighted that AI is now one of its largest businesses and pointed to long-term growth.
- Meta projected sharply higher capital spending in 2026 to fund its Meta Super Intelligence Labs and core business.
Top Stories
