Samsung SDS – a consultancy and IT subsidiary of Samsung Group – has announced the release of Nexledger Universal, the next version of an enterprise blockchain platform.

According to its press release, the application programming interface of Nexledger Universal is applicable to various common open source blockchains such as Ethereum, Hyperledger Fabric and its own Samsung SDS NCA (Nexledger Consensus Algorithm).

Currently available on Microsoft’s Azure marketplace, Nexledger Universal has improved its security functions, with faster performance by adopting white box cryptography technology.

The platform allows its users to develop application services such as payment settlement, user authentication, and proof of originality.

“We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces.” stated Jeanie Hong, senior vice president, leader of Blockchain Center of Samsung SDS.

Last month, Samsung SDS has reportedly announced a partnership with a fellow multinational IT company from India, Tech Mahindra, to push Nexledger blockchain platform around the world.

Earlier, Hong Yuan Zhen, President, and CEO of Samsung SDS, have stated that global manufacturing industry can take advantages of blockchain to increase its productivity. He claimed his belief in blockchain technology, which can offer businesses technical support, as well as the capability to drive better business solutions.