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Samsung Electronics. Co. Ltd. has denied a report that it is developing a blockchain-enabled phone despite reports that it has filed more patents for blockchain apps.
First identified by the Dutch Galaxy Club website, the three brands have been deposited at the European Union Intellectual Property Office on Monday and cover three applications: "Blockchain KeyStore", "Blockchain key box" and "Blockchain Core".
The list of products and services for brands are listed as "Smartphones; Software applications for use with mobile devices; Computer software platforms; Application software" without any explanation of what the proposed services or applications will offer.
Sammobile has reported separately that Samsung's cryptocurrency services will have two parts, a "cold wallet" to save cryptocurrency, public and private keys, as well as the signing of private keys for cryptocurrency transactions and an encrypted portfolio for transfers, viewing account information and transaction history.
The same report said that Samsung is trying to bring these applications to the market with Galaxy S10, the latest flagship version of the South Korean company that will be released in February or March.
Samsung was short and came to the point in response to the news, saying to Cointelegraph that "unfortunately we are not able to provide any information as the following is noise and speculation".
That Samsung would register brands for services that is not developing would be strange, to say the least. Although it is not as secret as rival Apple Inc., Samsung could simply deny existing relationships during application development anyway.
If Samsung is trying to bring blockchain support to its phones, it will not be the first to do so. HTC Corp. launched the HTC Exodus 1 blockchain in October.
Not cheap, coming to the equivalent of $ 960, the HTC blockchain phone runs on an Android-based operating system. It supports a "secure enclave" that protects digital currencies, acting as a safe deposit for cryptocurrencies like bitcoins and Ethereum.
Samsung, through its sister company Samsung SDS, would develop a blockchain network for the Korean naval industry in May 2017.
Image: Pixabay
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