Samsung Launching Finance Blockchain Platform Nexfinance

Samsung Launching Finance Blockchain Platform Nexfinance

Samsung, the South Korean electronics giant, announced on June 4 that they’ll be launching their own blockchain platform titled Nexfinance cater towards finance related businesses.

Nexfinance is planning to cater to digital finance businesses who seek to transform their current financial structures using cutting edge technology (blockchain). The new platform plans to solve many of the troubles both new and established businesses are experiencing financially.

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In addition to their blockchain technology, Nexfinance also plans to incorporate several aspects of artificial intelligence and advanced  IT technologies which would process automation tasks more intelligently.

In April, Samsung revealed its plans to venture into the bespoke blockchain development sector. They will be utilizing their own proprietary supply chain operations utilizing this technology.

Sam some, across all its current and future operations, remains committed to increasing their cryptocurrency presence in related areas like crypto mining. The company confirmed that their ASIC hardware chips would soon corner the market with regard to Bitcoin mining which is to be used within their Chinese industry.

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