Samsung SDS – a consultancy and IT subsidiary of Samsung Group – has publicly disclosed its new partnership, which will lead to the introduction of a new blockchain-powered traceability tool. 

Specifically, Samsung SDS has joined forces with US-based software company Pega, along with Tech Mahindra – subsidiary of Indian holding giant Mahindra Group – to roll out the new tool. 

Particularly, Samsung SDS will be lending its enterprise blockchain platform Nexledger Universal, and Pega will bring to the table its digital process automation tool – Pega platform. The integration of Pega’s core product and Nexledger, Samsung expects to achieve enhancements for supply chain systems. 

The solution looks to be applied in a wide array of industries, nominally banking and financial services, insurance, manufacturing, public services as well as supply chain logistics.

The announcement appeared not long after the alliance for strategic purposes formed, between Samsung SDS and Tech Mahindra, in an attempt to expand Nexledger to the Indian and global market, as reported in April this year. 

The tool comes with an open-source, hybrid and private blockchain platform, which provides integration for a group of components including monitoring tools, external linkages and application programming interfaces.