Samsung launches blockchain-based finance platform

June 4, 2018 Neer Varshney


Samsung SDS, a subsidiary of Samsung Group that provides information technology services, is launching a new digital finance platform that will be powered by artificial intelligence (AI) and blockchain technology. The platform, named Nexfinance, will offer services such as digital identity management, finance concierge, and automatic insurance payment. While the latter two services will utilize AI, Samsung SDS claims that it will utilize blockchain technology to ensure secure transmission of personal information for the digital identity service. The finance platform will be openly-sourced, so clients will be able to apply third-party solutions. A Samsung SDS official stated at a press event…

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