The excitement of late in blockchain has centered around a particular blockchain phone. A first of its kind, this phone has crypto nerds alike beaming with joy; the idea of decentralized apps running on your phone is exciting, and that’s before we consider all the crypto possibilities.
It started with Sirin Labs, whose pioneering phone ‘Finney,’ let people store and use digital currencies without transaction fees. Then HTC came to the party with the world’s second blockchain phone called Exodus 1. This phone boasts a “Social Key Recovery” function that lets a user use a select number of trusted contacts to regain access to their funds, should they lose their private key. Kinda cool.
But now… Samsung is about to join the battle. Yes, one of the world’s biggest phone makers is reportedly on the verge of creating its own blockchain smartphone.
But how do we know this? Well, we don’t know it for definite, but there’s something cooking in the kitchen.
Earlier in the week, Samsung submitted three European trademark requests for blockchain-based smartphone features. They are named as the following:
- Blockchain KeyStore
- Blockchain Key Box
- Blockchain Core
So while it’s not necessarily definite, its pretty obvious.
So the news has enthusiasts’ brains ticking over. Is Samsung working on a form of hardware wallet that will be implemented into future devices? Do these names allude to forms of private or public key storage?
One particular clue is that the document states that the trademarks will apply to “Smartphones; Software applications for use with mobile devices; Computer software platforms; Application software.”
But that’s all we know.
Samsung has been an advocate for storing cryptocurrency on its phones, stating “smartphones have the best security for blockchain and cryptocurrency.” However, many security experts have disputed this statement.
Further, with $761 million in cryptocurrency thefts this year alone, security is not something you want to take lightly. Perhaps it is time for Samsung to create a blockchain phone made for cryptocurrency storage and then it can truly back up its own statements.
Featured Image: Depositphotos/© TKKurikawa