The Korea Customs Service has signed an agreement with Samsung (KS:) 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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