According to an official press release by the company, Samsung SDS- the IT subsidiary of the Samsung Group,would soondevelop a blockchain-powered platformsupportedNexledger,which would be used for export customssupplyingservices. Nexledgercould be a blockchain based platform designed and would be providing an integratedanswerto the businesseswantingto minimise large scale expenseswhereasmanaging digitalmonetarytransactions anddataexchange.
The new product is reportedlygeared towardorganizations active in export operations,enablingthem tocontourand secure document sharing ateverystage, from customs declarations of the exportedmerchandise to the delivery,additionallytosleuthingand preventingthe employmentofforgeddocuments.
Along with theCustoms Service Agency in Korea,48completely differentorganizations,together withpublic agencies, shipping, and insurance firms have additionally insurancefirmshaveadditionallyentered this agreement.
Thefutureplatformisn’tthe primaryblockchain-poweredsupplyingproject developed by Samsung SDS. Even in June,the firmrevealedits Cello 3.0 platform,which is able to combine the both AI technologyalong with thecompany’s “logistics knowhow.”
Later in Aug., Samsung SDSproclaimedthe launch of BankSign, a blockchain-based certification tool for banks and a joint project with the Federation of Korean Banks. BankSign reportedlyallowscustomersto amassa certificationthat’svalid for upto 3years,replacementthe prevailingcertificate system,which needsannual renewal and registration and authentication witheveryindividual bank.
U.S. Customs and Border Protectionis additionallywantingto adopt blockchain for itscargofollowingsystem. The agencyproclaimedin August thatit’lllaunch a livetestingof the system, the results ofwhich willoutlinehowthe blockchain is ableto reinforcethe verificationmethodof certificates of origin from partners of the NorthAmericantradeAgreementand therefore theCentral AmericatradeAgreement.