Ample Money : Samsung Inks Deal with Seoul Government for Blockchain Platform

Samsung SDS, an IT subsidiary of the South Korean electronics giant, has revealed it is to establish a blockchain-based platform for the public sector.

According to  report, Samsung SDS has signed a deal with the Seoul Metropolitan Government to help develop its “information strategy” plan – using blockchain to support administration across welfare, public safety and transportation affairs in the capital by 2022.

Hong Won-pyo, CEO of Samsung SDS said:

“Samsung SDS’ blockchain technology and consulting capabilities will contribute to Seoul’s leap as a top-rate global city.”

The city’s government is seeking to enhance transparency and improve convenience for the public using , the article added.

The announcement follows seven months after Samsung  Nexledger – an enterprise-grade blockchain platform hosted in the cloud – that targeted consortia blockchain efforts.

image via Shutterstock


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