The Economic Times reports that Samsung intends to introduce its Nexledger DLT platform to India, US and Europe. Therefore, the company is building a collaboration with Tech Mahindra, an Indian business and technological giant working with enterprises, offering them ‘digital transformation’ services. The latter will assist the Korean heavyweight in entering the local DLT market and finish the development of the open ledger platform.
Samsung and its new Indian partner
Samsung SDS is the branch of the Korean technological giant that works with software and wishes to offer its open ledger platform to Indian corporate customers. It offers a big range of customizable services on DLT usage working under concrete requirements from corporate customers.
Tech Mahindra will widen the opportunities of the platform by taking part in its refining to make it suitable for the Indian market.
Benefits for both participants
As per the head of blockchain line at Tech Mahindra, Rajesh Dhuddu, the company is happy to cooperate with Samsung SDS, seeing this as a great opportunity for his company to take DLT services in India to a much higher level.
This collaboration will also allow Tech Mahindra to find a way into the Korean market as well as the markets of other APAC countries.