• Wed, 21 Aug 2019, 11:11 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Person unaffiliated to Samsung files trademark application for 'Samsung Coin'

Samsung Galaxy S10.Kārlis Dambrāns/Flickr

Mon, 22 Jul 2019, 11:24 am UTC

In a rather odd turn of events, it was recently reported that someone is trying to trademark “Samsung Coin” in South Korea that is not actually the tech giant. It would appear that this person is trying to leverage Samsung's recent strides in the area of blockchain technology.

In a report dated July 19, CoinDesk stated that someone named Kim Nam-jin, who has declared his his address as Gyeonggi-do province in South Korea, has actually filed documents with the Korean Intellectual Property Office (KIPO) for trademarking “Samsung Coin.”

On July 10, Kim Nam-jin made the filing under computer program-related categories, such as “downloadable electronic money computer program,” “electronic money card,” “electronic encryption device,” and “IC card with electronic money function.”

A Samsung representative, however, confirmed to CoinDesk that it had nothing to do with the trademark application.

"We don’t work this way,” the representative said.

It is important to note here that anyone can submit a filing for a trademark that involved the Samsung brand. That said, it seems like a fair bet that the tech giant will not let this go without a fight.

Earlier in May, reports suggested that the company was working on creating its own blockchain network and could issue its own native token “Samsung Coin.”

Samsung had already revealed that it was investing heavily in blockchain. To that end, it is not unlikely for the company to create its own crypto coin.

Earlier this year, the company integrated Blockchain Wallet into its Galaxy S10 and reportedly has plans to introduce cryptocurrency and blockchain functions to its budget Galaxy models. More recently, it released six new dApps to be integrated into the blockchain wallet of its Galaxy S10. It has also announced the beta launch of its blockchain Software Development Kit (SDK).

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,150.20 (-5.00%)
  • Ethereum (ETH) $188.11 (-4.70%)
  • XRP (XRP) $0.264600 (-3.77%)
  • Bitcoin Cash (BCH) $300.81 (-5.63%)
  • Litecoin (LTC) $71.99 (-4.77%)
  • Bitcoin (BTC) $10,150.20 (-5.00%)
Aug 21, 2019 (Wednesday)
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
04:06
Winklevoss twins may partner with Facebook on cryptocurrency
04:02
Malta-based crypto exchange CGEX to shut down after less than a year of operation
04:00
Bank of America files patent for multi-tiered crypto wallet
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft