Samsung’s IT service subsidiary Samsung SDS is planning an expansion of its enterprise blockchain platform to enable easier interoperability with other technologies, Yonhap News Agency writes. It has been working on cloud-based blockchain technologies that can be used in various industries, including manufacturing, logistics, finance, and healthcare.
Samsung’s blockchain-enabled customs solution has already been adopted by the Incheon International Airport in South Korea to facilitate the customs process.
According to the announcement, Samsung is planning to launch a blockchain-based insurance claims solution in late August. The company has been collaborating with local hospitals, insurance companies and digital health care companies on the project.