Blockchain Technology Adopted on Samsung’s Latest Ideal Smartphones

Azeez Mustapha
19 February 2020 | Updated: 19 February 2020

Samsung, a South Korean innovation giant, as of late revealed the most recent line of Galaxy S20 telephones, which, in addition to other things, incorporates an improved security framework that ensures the blockchain’s private key.

The addition of blockchain security in its latest ideal devices affirms Samsung’s continued adoption of digital and blockchain innovation.

Samsung recently presented the Galaxy S20 line of telephones on its site, including the Galaxy S20, S20 + and S20 Ultra. While the site was advancing features, for example, longer battery life, more memory, and an improved camera, there was likewise the part about ensuring crypto keys.

The website declared the following: “We have created a secure processor designed to protect your PIN code, password, template, and Blockchain Private Key. Combined with the Knox platform, security is embedded in all parts of your phone, from hardware to software. Thus, personal data remains private. ”

The joining of blockchain innovation and cryptographic money into their telephones isn’t new for Samsung, as the organization has built up itself as a supporter of blockchain innovation and virtual money. At first, Blockchain Keystore just upheld Ethereum and ERC-20 tokens yet a short time later coordinated bitcoins in the Galaxy S10 and Galaxy Note 10 models.

Besides, Samsung’s IT department Samsung SDS, in partnership with telecommunications service company Syniverse, has released a blockchain-based platform that will make mobile payments convenient and seamless.

Smartphones Integrated With Blockchain Increases Rapidly
In addition to Samsung, other mobile phone manufacturers took up the blockchain and crypto space, creating blockchain-based mobile phones.

Taiwanese hardware giant HTC in July 2018 reported its expectation to discharge its blockchain cell phones called HTC Exodus. The organization later collaborated with Bitcoin.com to incorporate Bitcoin Cash (BCH) into Exodus 1.

By November 2019, HTC and Binance exchange collaborated to discharge a restricted version of their Exodus 1, which bolsters the Binance Chain and Binance DEX blockchain. PundiX additionally propelled XPhone in 2019, Africa’s first blockchain handset.

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Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.