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Samsung SDS’ Partnership with Tech Mahindra

KRX:005930   SAMSUNG ELEC
Samsung SDS’ Partnership with Tech Mahindrahttps://www.financebrokerage.com/samsung-sds-partnership-with-tech-mahindra-finance-brokerage/
Global tech giant Samsung’s IT subsidiary Samsung SDS declared a joint initiative to start a new blockchain-based traceability product. In addition to that, the firm partnered with American software company Pega and Tech Mahindra to develop the latest project. Tech Mahindra is a subsidiary of major Indian multinational conglomerate holding firm Mahindra Group.

Moreover, the joint initiative will be a combination of Nexledger Universal, enterprise blockchain platform of Samsung SDS, and Pega Platform, digital process automation platform of Pega. Also, it plans to integrate Pega’s core product with Nexledger. And according to the press release, the company wants to develop improvements for supply chain systems.

Aside from that, the solution aims several related industries such as banking and financial services, insurance, manufacturing, public services, and supply chain logistics.

Bitcoin and the Crypto Market
Meanwhile, on October 20, slowly, crypto markets are shifting to green. And Bitcoin (BTC) displayed signs of recovery as it goes back to over $8,200 price mark.

Bitcoin has been trading under $8,000 price mark for the better part of the day. However, it is signaling some recovery after a few hours. The world’s largest cryptocurrency traded at an intraday low of $7,950. After that, it climbed to its recent trading price of about $8,216. BTC is showing gains of 3.73%.

A few days ago, they mined the 18th million BTC. And it left the world with only three million coins to mine. This was enough reason for crypto-skeptic Peter Schiff to believe that the future of Bitcoin looks horrible. Also, he claimed that it is just a matter of time before the most popular crypto will face a fast descent down to $4,000 or lower.

On the other hand, Ether (ETH) sat at $174.80 per coin. The number one altcoin saw a slight upward tick in sync with Bitcoin and is displaying a gain of 2.26%. Then, XRP has been trading relatively still for the most part of October 20. The third-largest coin by market capitalization is recently trading at $.293 per coin, up by 0.82%.

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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