Global technology giant Samsung today unveiled its Nexledger blockchain platform, amongst a serial of other announcements. The solution is portrayed equally an enterprise-grade blockchain platform hosted with cloud computing, inward a Korean Herald report today. But details uncovered yesteryear CoinDesk signal that Samsung may live on targeting the increasingly crowded consortia concern model with this latest release. A trademark filed by Samsung for the Nexledger refer describes the applied scientific discipline equally a permissioned blockchain arrangement created specifically to cast a consortium. The trademark describes Nexledger as:
"A platform based on permissioned blockchain model that is composed of solely trusted participants inward gild to block potential access from unspecified nodes whose trust is non guaranteed."
The consortia model aims to optimize blockchain network effects yesteryear giving potential competitors access to the distributed ledger solution, acre ensuring solely information required for a transaction is visible yesteryear the counterparties.
Similar to other groups of banks together with other corporations such equally R3 together with Hyperledger, Nexledger appears to live on a broadly applicable solution. Other functions described inward the trademark filing include smart contracts for fiscal services, a loyalty dot plan together with authentication for fiscal services.
Part of that authentication procedure could include biometric verification, the information of which would likewise live on logged on the blockchain, according to a ZDNet report, also today. Today's word is the latest evolution inward the South Korean electronics giant’s ongoing blockchain efforts.
Last July Samsung revealed it
had invested inward South Korean blockchain-as-a service platform Blocko, together with months later
joined Hyperledger, the Linux-led blockchain consortium working with opened upward rootage technology.
