Does Nexledger Have the Potential to Be a Game Changer in the Blockchain Ecosystem?
When it comes to cryptocurrencies and its associated technologies, innovation is the name of the game. The introduction of each crypto-coin is always accompanied by something spectacular and something that would beat the loopholes of an existing coins in the immediate market it’s trying to penetrate.
Project developers in the cryptosphere are hence not just driven by profit but by value addition that would improve the quality of life all over.
Many innovations spring up on a daily basis from different continents and countries alike and many tech giants are registering their foothold in contributing to the overall acceptancy of technologies with focus on cryptocurrencies and Samsung SDS, a South Korean Tech giant should be applauded for its introduction of its Blockchain-based Nexledger systems that was introduced in April 2017.
The Place of The Nexledger Blockchain System
Nexledger is a blockchain system that was built for enterprise applications and it is currently utilized in various fields ranging from logistics to manufacturing, finance and other businesses.
According to highlights on the Samsung SDS website detailing what the Nexledger Blockchain can do for businesses, we learnt that this innovative blockchain system is built to help analyze for efficiency and identify the right course of action with Samsung SDS’s unique Blockchain Value Assessment (BVA).
The Nexledger Blockchain system provides scalability that enables speed and efficiency regardless of location, channel or industry.
The Nexledger blockchain system has a biometric solution known as Nexsign that makes it possible for users to access various financial services with one authentication. With Nexsign, the user’s data are encrypted cryptographically thus offering a high degree of security and anonymity for the user.
Nexledger has three basic unique or composite offerings which include Digital Identity, Digital payment and Digital Stamping. With digital identity utilizing the above described Nexsign, customers enjoy a user verification service when connecting with affiliated companies by providing them with a one-time signup blockchain ID.
The digital payment platform is both intra and cross platform in that it can enable payments between Samsung SDS affiliated companies and other companies across different business interests.
The digital payment system aid customers to directly initiate and confirm financial transactions with one another. Because of Blockchain’s unique characteristics, transaction histories are accessible by all participants.
The digital stamping platform create secure digitally-stamped digital signatures without the need for third-party authentication. Securely manage digital documents with time stamps using immutable Blockchain ledgers. It can be generally affirmed that these innovations are new game changers that is redefining the possibilities of the cryptosphere.
Since the launch of Nexledger, the operational efficiency of affiliated Samsung SDS companies utilizing one or all of its three products have been well boosted. A general and high expectations is been placed on the Korean giant to expand its products for use across the globe.
As highly innovative as Nexledger is, one would expect to have dominated more companies in Asia, Europe, Australia, America and other crypto hotspots in the world. The clamor is for there to be a transfer of Nexledger products across board for the use of all.