A subsidiary of the Samsung conglomerate together with the American company Pega and the Indian concern Tech Mahindra plan to launch a new blockchain platform for tracking supply chains.
The new solution will be based on the Nexledger Universal blockchain platform for enterprises and the Pega Platform data processing automation system. By integrating the Pega system, the group hopes to develop the best solution for supply chain tracking.
The press release emphasizes that the solution will be useful in a wide variety of industries, as well as in banking and finance, insurance and public services. The supply chain market should reach $ 15.5 trillion by 2023, so such a platform will be in demand around the world.
Note that Tech Mahindra and Samsung SDS are not the first to work on a blockchain-based product. In April this year, it was reported that Samsung SDS will partner with Tech Mahindra in further updates to the Nexledger.
In addition, last week Samsung SDS announced plans to launch a blockchain-based medical claims processing system. The launch of the platform should take place this month.
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