Copy link
Increase text size
Decrease text size
Link copied

LG to compete with Samsung and HTC with new blockchain smartphone: Report

Mon, 09 Sep 2019, 10:22 am UTC

The competition in the blockchain smartphone market is likely to get more intense as recent reports suggest that South Korean electronics giant LG is also entering this space.

Citing local news outlet Chosun, Cointelegraph reported that LG is working with blockchain developers to launch a blockchain smartphone.

The report comes on the heels of the launch of KlaytnPhone – a blockchain variant of Samsung’s flagship smartphone series Galaxy Note10. The phone features a new digital wallet called ‘KlaytnPhone Wallet’ and comes pre-loaded with Samsung Blockchain Keystore.

Samsung unveiled its crypto-friendly Galaxy S10 smartphone earlier this year and has been adding a number of decentralized apps (or dapps) to its official DApp store, Blockchain Keystore.

LG, on its part, recently filed a trademark application for ThinQWallet in the U.S. that will reportedly offer a number of services including issuance of cyber money, a computer software platform for blockchain, and mobile electronic wallet for cryptocurrency.

Sources have now told Chosun that LG is likely to soon launch a smartphone with blockchain functionality. The company has reportedly completed its market research of dapp and blockchain companies and has held talks with local dapp developers.

An industry insider said that Samsung is more attractive to Klaytn than LG as the former has a wallet and adds dapps. LG, on the other hand, does not support blockchain technology yet.

However, it can be recalled that LG Electronics joined Klaytn Governance Council, an alliance of multinational businesses and organizations, responsible for Klaytn’s governance, consensus node operation, and ecosystem growth, in June this year.

Other blockchain smartphones that are currently available in the market include Sirin Labs' FINNEY and HTC's EXODUS. Last year, Pundi X unveiled its blockchain phone ‘XPhone’, which allows users to switch between a traditional mode supporting Android apps and a blockchain mode which will enable them to access dapps loaded on the device.

More recently, Huobi announced plans to release a blockchain-powered smartphone "Acute Angle,” developed by Whole Network, this week.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,786.03 (-1.25%)
  • Ethereum (ETH) $253.46 (-5.33%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $404.06 (-8.65%)
  • Bitcoin SV (BSV) $278.18 (-12.44%)
  • Bitcoin (BTC) $9,786.03 (-1.25%)
Feb 14, 2020 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
Crypto investment firm Galaxy Digital lays off 15% of its workforce
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
SBI Crypto enters into blockchain cooperation partnership with Northern Data
Wells Fargo invests $5M in crypto monitoring firm Elliptic
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
Election Commission of India looks to blockchain to tackle lost votes
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
Crypto lending startup BlockFi secures $30M in Series B financing
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
U.S. Treasury Department’s FinCEN working on new crypto regulations
Defense contractor BAE Systems is hiring ‘cryptocurrency exploiters’
DTCC calls for industry consortium and comprehensive framework to address DLT security risks
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.