Cryptomanes coming? Samsung works in network blockchain based on platform Ethereum

A Samsung employee directly involved in the project told CoinDesk Korea that the company would have been working for at least a year in a blockquain network based on digital currency tokens Ethereum.

The paper states that when the process is finalized, Samsung will be ready to launch the Samsung Coin, its own crypto-currency. It is unclear whether the company’s network will run on private tokens or whether it will adopt public platforms, which makes the currency marketable, but the Korean portal believes in the possibility of the network being hybrid.

Will be? Facebook and Telegram plan to launch their own crypto-coins in 2019 1

Android 01 Mar Companies are developing crypto projects with a launch forecast for 2019.

Samsung Pay to bring criptomoeda wallet in Galaxy S10, industry sources claim 0

Android 30 Jan Samsung Pay can include wallet for encrypted coins in the Galaxy S10 family.

Several technology companies and banks, such as IMB, Microsoft, Facebook, Amazon, Santander and JP Morgan, although critics of criptomoedas in the past, already have services based on blockchain. And the fact that Samsung has a dedicated project is not surprising. South Korea, Samsung’s home land, is the fourth country in the world in terms of volume purchases of bitcoins, and Sammy is one of the top companies in the country.

These rumors are underpinned by the fact that the Galaxy S10 supports block-based digital signaturesto store private crypto-coin keys, and because Sammy’s official wallet is compatible with Ether (ETH) and Ethereum-based ERC20 tokens.

Samsung has not officially confirmed the information to enter the blockchain, but it is possible to assume that one of the intentions of the company is to integrate crypto-coins with its payment solution, Samsung Pay.

Google and Facebook have also moved in that direction. In February, the company of Mark Zuckerberg bought, without fanfare, a blockchain startup called Chainspace, and the Mountain View giant announced a partnership with a startup that specializes in this technology. Facebook and Telegram plan to launch their cryptomedae later this year

Shivam Singh

Founder of the TechGrits, has always looked at technology as a piece of knots. From an early age connected to the technological world, this is literally your dream job.

See author's posts