Global technology giant Samsung today unveiled its Nexledger
blockchain platform, alongside a series of other announcements.
The solution is portrayed as an enterprise-grade blockchain
platform hosted with cloud computing, in a Korean Herald report today.
But details uncovered by CoinDesk indicate that Samsung may be targeting the
increasingly crowded consortia business model with this latest release.
A trademark filed by Samsung
for the Nexledger name describes the technology as a permissioned blockchain
system created specifically to form a consortium.
The trademark describes Nexledger as:
"A platform based on permissioned blockchain model that is
composed of only trusted participants in order to block potential access from
unspecified nodes whose trust is not guaranteed."
The consortia model aims to optimize blockchain network effects
by giving potential competitors access to the distributed ledger solution,
while ensuring only data required for a transaction is visible by the
counterparties.
Similar to other groups of banks and other corporations such as
R3 and Hyperledger, Nexledger appears to be a broadly applicable solution.
Other functions described in the trademark filing include smart
contracts for financial services, a loyalty point program and authentication
for financial services.
Part of that authentication process could include biometric
verification, the data of which would also be logged on the blockchain,
according to a ZDNet report, also today.
Today's news is the latest development in the South Korean
electronics giant’s ongoing blockchain efforts.
Last July Samsung revealed it
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