Samsung is one of the largest technology companies in the world that has recently applied for three trademark applications related to smartphone blockchain. Based on the descriptions provided by the company, the three European trademark applications concern the provision of encryption services on mobile phones. This suggests that Samsung could try to start on the blockchain smartphone market after the recent release of HTC and Exneus 1 and Sirin Labs with FINNEY. Both of these new smartphones offer cryptocurrency custody.
Galaxy Club, a technical news blog in the Netherlands, reported that the three required patents are called Blockchain KeyStore, Blockchain Core and Blockchain key box. Only the names are clear indicators for which the leading smartphone stylist in the world is doing. With this news erupting during the periods of turbulence in the cryptocurrency markets, there are several influential companies like HTC and Samsung who think that cryptocurrencies and blockchain technology will be the key to pushing growth and are therefore investing accordingly.
The Dutch news blog said that Samsung intends to release further information on its interest in developing a range of smartphones with cryptocurrency and specialized blockchain capabilities and the continuation of activities & # 39; Mini crypto pivot & # 39;.
In the summer, news broke out about a senior IT consultant, Joel Snyder, who contributes to Samsung's insights. Snyder published an article that revealed that for the purposes of encrypted storage, mobile phones bring some great security benefits to laptops and other devices because of the Trusted Execution Environment (TEE) that isolates internal memory from being executed. With this, hackers will have a hard time in their attempts to steal data such as private keys to the cryptographic wallet.
As reported by CCNalong with this "Samsung may be betting on the adoption of cryptocurrencies as the next big user evolution that will drive the sales of its smartphones – in fact, the descriptions provided in the trademark request allude directly to its intention to create connected solutions a blockchain for mobile devices. "
For now, although still remains the question of whether the electronics giant intends to offer these services on any of their models that are currently in the pipeline as the next Galaxy S10, which will be available soon.
What are your thoughts? Let us know what you think in the comments below!