Samsung SDS, a subsidiary of the Korean company, has invested 1.3 million dollars in a startup blockchain technology and other online security.
The first company is called Coinstack and is a startup that allows blockchain integrate technology through a simple application programming interface (API).
Meanwhile, Darktrace, winner of the Best Security Company 2016, uses a machine learning system to detect and respond to online threats.
“Through these investments, Samsung SDS will be able to retain leading-edge technology in cyber security and blockchain. The company plans to collaborate closely with these startups to drive business growth. Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defense solution by Darktrace to Korean companies, as well as work with Blocko to support commercialization of emerging blockchain technology in various sectors including IoT.”
Let's use blockchain to avoid mistakes of the 2008 crisis.
The investments were made through an investment fund for new technologies, which Samsung subsidiary owns 99% of the shares and is run in conjunction with Samsung Venture Investment Corporations (SVIC).
It is not the first time that Samsung decided to invest in technology blockchain since last February, the company unveiled a prototype using blockchain for the IoT. (Internet of Things)