Samsung SDS Reveals Blockchain Tech ‘Nexledger Accelerator’ Passes Hyperledger Fabric Testing
Samsung SDS, the IT arm of the Korean company, has decided to announce that the company was creating a technology that would be used to speed up transactions made using the blockchain technology.
The company, which announced this via a press release, is currently presenting the project at the IBM Think 2019 conference, which is currently happening in San Francisco. The project is being called Nexledger Accelerator and it will use the Hyperledger Fabric technology as a basis for the development of the platform.
To increase the speed of the transactions, the company has created the technology since last year. The Nexledger Accelerator will be a key to expand the speed and make the networks more scalable than they currently are, as more users will be able to make transactions at the same time without any kind of issue.
The project will be open source and you can visit Github: https://github.com/nexledger/accelerator. The goal of making it this way is to offer the developers more tools for innovation using the technology
Samsung SDS has affirmed in the press release that their intent was to let the blockchain developers run the program now and see the benefits that they will be able to achieve by using the solution, which will certainly help to boost its adoption in the market.
Nexledger Accelerator is based on the Nextledger product, which was launched by Samsung in April 2017.
About Samsung And Hyperledger Fabric
Samsung is one of the most respected technology companies in the world, so it is expected that the company would be interested in the blockchain technology. The company is using the Hyperledger Fabric technology for a while now, as it is an open source blockchain solution created by the Linux Foundation.
Many important tech companies such as IBM use the Hyperledger Fabric technology, what makes it one of the most important technologies of the world at the moment. At the moment, Samsung SDS is also joining the IBM Blockchain Platform Board, which is a part of IBM that deals with the technology.