According to a recently filed Trademark in EU, the three trademarks are named as ‘Blockchain KeyStore’, ‘Blockchain key box’, and ‘Blockchain Core’. By this, Samsung could have plans to introduce cryptocurrency and blockchain for its range of Galaxy devices and phones.
The trademark documents state that the trademarks will apply to “Smartphones; Software applications for use with mobile devices; Computer software platforms; Application software.”
Samsung is working on a form of hardware wallet to be built into its future devices by using its KNOX and Nexledger technologies to add the required security. The decryption and the encryption of private keys are fundamental to keeping your assets safe on a mobile device.
The cell phone industry is next up to be revolutionized by blockchain technology. In fact, Marketwatch released a report that stated that blockchain in the telecom sector is positively expected to grow from USD 46.6 million in 2018 to approximately USD 993.8 million over the next five years.
Link to the original news article can be found here.
Is Samsung is cashing out the hype or pushing the blockchain powered phones in mass markets? Let us know your thoughts in the comments section below.