The South Korean electronics giant Samsung is apparently looking for a brand in the UK for a cryptocurrency portfolio, according to a statement on December 27th at the British Intellectual Property Office.
In the "Classes and terms" section of the application, Samsung cites such developments as "Computer software to be used as a cryptocurrency portfolio; Software for transferring cryptocurrencies and payment via blockchain technology; Computer application software for smartphones, ie software for allow users to transfer cryptocurrency based on blockchain technology and pay via third party application software. "
The application follows the rumors – subsequently disproved by Samsung – that the company plans to include a cold cryptocurrency portfolio on its Galaxy S10 smartphone. On 10 December, Samsung presented three applications for the European Union trademark for software related to blockchain and cryptocurrency.
In early December, Cointelegraph reported that the leading smartphone maker HTC integrated the decentralized Brave browser on the HTC Exodus 1 phone, "the first native blockchain phone" with support for more blockchain, including Bitcoin networks (BTC) and Ethereum (ETH).
Last month, SIRIN Labs, a blockchain-focused electronics supplier, launched its first blockchain-based smartphone called FINNEY. Based on the open source operating system of both Android and SIRIN, SIRIN OS, the FINNEY phone offers a cryptographic cold storage portfolio and offers encrypted communications.
In October, Samsung's production wing, Samsung Foundry, launched a new production process for its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 %. The chip could presumably have positive implications for Samsung hardware cryptocurrency hardware, as energy costs prove to be a critical factor in the industry's profitability.