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Samsung Will produce block chain-based smartphone?

Samsung has applied for three European trademarks, all of which are related to block chain technology. This news is interpreted as the company plans to build a block-based smartphone.

Samsung, a South Korean-based technology giant, has applied for three European trademarks for features related to BlockChain to be included in smartphones. These trademarks BuBlockchain Core”,”Blockchain KeyStore”And”Blockchain key box”Named. There is little information about the nature of use and the nature of the three potential features. However, some features indicate that trademarks refer to common key storage functions. In the future, it can be integrated in digital wallet hardware on mobile devices.

These three trademarks, especially Samsung Block for Smartphones clearly implies its intention to create chain features. The applications say that functions can be used in the following goods and services: Smartphones, software applications for use with mobile devices, computer software platforms and application software. The trademark's descriptions are incomplete. However, active internet users are dreaming of the next Block-chain-based smartphone to be made by Samsung.

Earlier this year, Samsung had shared its view on the safe storage of private keys. The electronic giant said its smartphones can provide the best security thanks to the existing Reliable Execution Environment (TEE) feature that is separate from Android. Samsung Knox, provides greater protection to TEE, allowing users to store their crypto money in safe conditions. However, many experts were not impressed by Samsung's claims about the accuracy of security layers. Together with TEEs, smartphones think they are vulnerable to attacks. In response, the South Korean company is probably preparing to develop its first Block-based mobile phone.

Blokchain Supported Phone Idea Not New

Samsung won't be the first company to do this. In October, Taiwan's HTC introduced the Exodus 1-brand Blockchain-based smartphone. At the end of November, Sirin Labs presented the FINNEY smartphone, which can be purchased for $ 999. FINNEY has cold storage and a secure crypto wallet, while Exodus 1 contains a special wallet called Zion.

Although it is unclear whether Samsung will offer a Blockchain device, the company is interested in this technology. The Samsung SDS, the IT arm of the Samsung Group, has developed an artificial intelligence and block-chain platform called Nexfinance for use in digital finance.

Source: Cryptovest

Related Topics:blockchain Samsung Smartphones

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph