Samsung SDS gets Seoul blockchain project

Samsung SDS has won an order from the Seoul city government to design a roadmap to apply blockchain for administrative use
27 November 2017   1290

Samsung SDS announced on November 26 that it will expand its blockchain business from industries to the public sector, representing its agreement with the Seoul Metropolitan Government.

The software solution development unit of Samsung will work on the Seoul Metropolitan Government’s project to create an information strategy plan based on blockchain technology.

Seoul intends to adopt blockchain technology to its administrative work within the city’s welfare, transportation affairs and by public safety 2022 to enhance transparency operations and raise convenience for citizens.  

Samsung SDS’ blockchain technology and consulting capabilities will contribute to Seoul’s leap as a top-rate global city.


Hong Won-pyo

CEO, Samsung SDS

Last month, Samsung SDS also tested the application of the Nextledger to logistical systems by shipping companies, including Hyundai Marine Merchant.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.