Samsung SDS has unveiled seven blockchain patents, which deal in the cryptocurrency transaction, data processing, and digital identification.

Its patents also include people to people settlement of cryptocurrencies through blockchain and the payment of cryptocurrencies from digital wallets on a real-time basis,

The firm also boasts of its blockchain-based digital identification system, which enables users to check their identities easily and safely.

The company has run an organization dealing in all blockchain projects since 2015. The special team has focused itself on developing a blockchain-based smart contract platform, which is free from errors and forgery.

The company has been commercializing its enterprise blockchain service. It has already provided blockchain-based customs clearance and export declaration platform to the Korea Customs Service, the ‘bank sign’ customer identification solution to the major banks and the roadmap solution to the Seoul City.