South Korean electronics giant Samsung is developing its own network and eyeing the issuance of its own further down the road.
An exclusive CoinDesk Korea on Tuesday, citing a person “familiar with Samsung’s internal situation,” said that the company’s task force – part of its wireless division – is building a mainnet based on . The work, however, is still at the “internal experimental” stage.
The source said:
“Currently, we are thinking of private , though it is not yet confirmed. It could also be public in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.”
When the development of the is completed, Samsung may also move to launch a “Samsung Coin” , according to the report.
The person said:
“The market expects Samsung Coin to come out, but the direction has not yet been decided.”
If the company develops a public in the future, then Samsung Coin could be traded publicly on exchanges just like () and ether (ETH). Samsung could also bring technology to its payments app Samsung Pay, but the move is not yet decided, according to the source.
Samsung’s task force has been in active development for at least a year, and is working on a number of projects, according to the report.
Two months ago, the company made a leap into the arena with the of its flagship cellphone, the Galaxy S10, which has the ability to private keys and other features such as support -based digital signatures.
In March, Samsung officially the , which is compatible with ether (ETH) and -based ERC20 , although notably not in early glimpses. According to some , the is not yet available in some jurisdictions.
The S10 also supports decentralized apps (dapps) such as crypto gaming platform Enjin, community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck.
Edit (14:40 UTC): Corrected an error arising from translation. CoinDesk Korea’s source was not, in fact, described as an official.
image via Shutterstock
Published at Wed, 24 Apr 2019 23:42:54 +0000
