Samsung SDS, which works as the IT subsidiary of world-class technology firm Samsung has announced the news of the launch of a new blockchain-oriented traceability solution. The highly anticipated product curated by Samsung SDS has been a joint initiative of the firm along with American software company Pega and subsidiary of Indian conglomerate Mahindra Group, Tech Mahindra.\r\n\r\nAccording to the official news, the joint venture will be a strategic partnership of Samsung SDS\u2019s enterprise-grade blockchain solution Nexledger Universal and Pega Platform, curated by Pega. The press release made by the firm states that by bringing the two notable platforms together, the new initiative plans to bring remarkable developments in the supply chain mechanisms.\r\n\r\nThe firms also revealed that the joint initiative would offer services to an array of industries belonging to varied domains, including banking and finance, insurance, manufacturing, public chain, and not to mention, the supply chain systems.\r\n\r\nThis is not for the first time that Samsung SDS has partnered with other industry leaders to launch some strategic joint products. Earlier in April this year, there was an announcement made about Samsung SDS coming together with Tech Mahindra to boost the popularity of Nexledger in the Indian marketspace as well as around the world. The joint solution launched by the two firms gives access to an open-source, hybrid, and private decentralized blockchain network that combines various constituents, including tools for monitoring, application programming interfaces (APIs), and external linkages.\r\n\r\nAlso, Tech Mahindra and Pega have been actively involved in chalking out business solutions concentrated on customer management tools of Pega.\r\n\r\nIn April 2019, Samsung SDS brought forward its latest version of Nexledger Universal which is an API exploiting support of various leading blockchain networks such as Ethereum, Hyperledger Fabric as well as Samsung\u2019s Nexledger Consensus Algorithm.