Blockchain Keystore (Samsung’s online dapp store) has seen an increase by making total number of apps available to seventeen, it was launched March 2019, with four original dapps password wallet, a game, a social media app, and a billing app. Samsung is spearheading to crypto space this year with the release of the Galaxy S10 and also developing wallet system on Ethereum based ERC-20 tokens and protocols.
Samsung has shared that the demand for cryptocurrency mining in its second quarterly report this year. It has also raised its profit target for the coming half as the market for High-Performance Computing (HPC) Chips, especially the ones used for the mining of digital currency has increased. GM of Samsung Foundries earlier revealed that they’re working on designing and the manufacturing of 3nm and 5nm chips for the mining of Bitcoin.
PundiX (a crypto-payments startup) has successfully integrated it wallet service, XWallet application to Samsung Galaxy S10 smartphone. PundiX expressed, “The XWallet’s integration with the Samsung Blockchain Wallet thus makes PundiX payment ecosystem available to a much wider audience, allowing the Samsung Galaxy smartphone users to not only store their ETH securely but also transfer to XWallet and spend it in a variety of shops, opening their doors to the new generation and their preferred cryptocurrencies.
The beta version of the Ethereum blockchain SDK has been released by Samsung for the latest Galaxy smartphones. This will take Samsung to next to push Ethereum functionality level & kit will be providing some additional stools for dApp and blockchain mobile development and is available for a partner who requests early access to the tools. The beta version will be on Galaxy S10e, S10, S10+, S10 5G and the Galaxy Fold smartphones.
The head of technology strategy of Samsung Mobile, Chai Won-Cheol has recently hinted that they will be producing more blockchain smartphone in the future as they’re currently eyeing to expand its blockchain activities and will provide support for blockchain-powered services on forthcoming devices. Choi also confirmed that “Samsung will cooperate with telecom operators on projects involving blockchain technology identification and regional currencies .”
The CEO of Samsung SDS, Hong Won-pyo has unveiled during Samsung’s Real 2019 event that they have included blockchain technology in its digital transformation framework. The CEO of Samsung SDS’ Nexledger Project, Hong Hyeong-jin explained, “Blockchain technology is also being used in financials where payments are made through manufacturing, distribution, and distribution. We will upgrade Nexledger to meet customer needs.”
An announcement has been made by project NEO that their token are now spendable in Apple and Samsung via Zeux App. The CEO of Zeux, Frank Zhou explained, “We’re delighted to announce that we will be adding NEO to our list of cryptocurrencies. We believe that NEO is paving the way for a smart economy by giving developers the tools to deploy and scale their own smart contract applications without learning another unique language.”
Samsung SDS will be launching the new version of its blockchain platform, Nexledger Universal which offers API applicable to Samsung SDS NCA. Samsung SDS then explained, “With Nexledger Universal, customers can reduce the time and resources required for securing blockchain developers and verifying the technology, therefore, business innovation through blockchain technology can be achieved conveniently.”
Samsung has shared that they’re ready in launching its own blockchain mainnet which is powered by the Ethereum blockchain. The launching of the new blockchain ecosystem might indicate that they have possibilities in launching their own cryptocurrency. A source explained to CoinDesk “It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”
A start-up backed by a giant technology company (Samsung) based in South Korea, Blocko has successfully introduced its hybrid blockchain Aergo Enterprise. The CEO of Blocko, Won-Beom Kim explained, “We’ve been supporting Aergo Organization in the design and construction of the Aergo platform for a full year. After a long and intensive R&D process, we are excited to finally launch our largest product to date.”