Samsung SDS, a global leader in digital transformation and innovation solutions, announced today its collaboration with Tech Mahindra and Pega to launch a blockchain-based traceability solution integrating the Pega Platform with Samsung SDS Nexledger Universal.
Nexledger, a blockchain platform developed by Samsung SDS, is flexible and scalable with the ability to deliver wide spectrum of enterprise-specific requirements. Tech Mahindra also contributes to improving Nexledger capabilities by participating in the engineering and development process of the platform.
Combining Nexledger Universal Blockchain technology along with Pega’s digital process automation (DPA) solutions, has the potential to transform the supply chain and disrupt the way goods are produced, marketed, purchased and consumed.
“Partnering with Tech Mahindra for their industry and technology know-how, and Pega for their adaptive and robust DPA solutions, Samsung Nexledger Universal has been able to address some as yet unresolved challenges inherent in operating in the global marketplace, especially around warranty, authenticity, recovery and customer satisfaction. Together, we are demonstrating that trusted, immutable, distributed and decentralized Blockchain and Digital Process Automation are a dynamic, powerful combination for unearthing hidden value in Business Value chains.”
– Ted Kim, Vice President of Blockchain Team, Samsung SDS America
The traceability solution opens up significant transformational opportunities across Industries such as Banking & Financial Services, Insurance, Manufacturing, Public Services, and Logistics & Supply Chain. The global supply chain market, estimated to reach USD $15.5 trillion by 2023, according to Transparency Market Research, is considered to be incredibly inefficient.
“Today’s leading manufacturing organizations need agile solutions that bring unique value to their digital transformation efforts so they can ultimately provide measurably better customer experiences, and Pega’s partnership with Tech Mahindra has helped empower our clients’ success. This collaboration with Tech Mahindra and Samsung SDS enables end-to-end intelligent automation powered with Blockchain to streamline processes and improve experiences for dealers and distributors, manufacturers, field service technicians, and customers.”
– Steven P. Silver, vice president and industry market leader, manufacturing, Pegasystems