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Samsung SDS, the South Korean tech big’s IT companies subsidiary, has simply introduced a partnership with Israel-based fintech and good funds supplier Credorex. In line with a report from The Korea Herald, March 4, the 2 firms will collaborate to develop a cost platform for European retailers and banks.
Samsung SDS pushes into European markets
One a part of the proposed answer will likely be developed utilizing Samsung SDS’ Nexledger Common blockchain platform and can permit retailers to routinely reconcile funds, remittances and invoices with their financial institution information.
This may combine right into a funds platform, constructed utilizing Samsung SDS’ AI-based Brity Works, which is designed to automate varied work processes.
The transfer marks a part of a deliberate push into European markets by Samsung SDS, as president and CEO, Hong Gained-pyo defined:
“Along with Credorax, which focuses on funds options, Samsung SDS will attempt to increase its enterprise within the European sectors that search digital transformation.”
Zero-knowledge proofs give added privateness
As Cointelegraph reported, Samsung not too long ago up to date its Nexledger blockchain by integrating a zero-knowledge proof answer.
The improve intends to offer the next stage of privateness for customers, by permitting the recording and authentication of transactions on a shared blockchain with out disclosing confidential knowledge.
The advantages of this could additional improve the platform to be developed with Credorex.
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