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Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform

Published 01/01/2001, 00:00
Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform
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The Korea Customs Service has signed an agreement with Samsung (KS:005930) SDS to deploy blockchain technology for its customs clearance system, according to a press release published September 14.

Samsung SDS, the IT arm of electronics giant Samsung, will develop a blockchain-powered platform based on Nexledger, which will be used for export customs logistics services. Nexledger is a blockchain platform designed to provide an integrated solution to businesses looking to reduce expenses while managing digital financial transactions and data exchange.

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