By South Korean giants Samsung and LG are taking their competition to another level. The turf may have changed but their competitiveness has seldom wavered. LG in an expected development today, announced that they are working with blockchain developers to launch a crypto-powered phone. LG’s foray in next-generation phones after Samsung and Huobi have opened the floodgates to smart devices with blockchain elements. Coinbeat; believes more devices are going to be powered with blockchain capabilities in days to come.
These launches came earlier than expected after Apple said; it saw a lot of potential in cryptocurrencies and blockchain.
Blockchain phone developments at LG and Samsung
LG is slowly expanding its line of next-generation, foldable and blockchain smartphones and they are likely to continue competing against Samsung and possibly Apple in days to come on Blockchain. Chosun reports about a possibility that LG might have already completed its initial research about blockchain companies and D-apps. An industry insider quoted that LG is attempting to install blockchain functions on one of its smartphones.
LG swung into action shortly after Samsung announced the launch of its cryptocurrency wallet app “Blockchain Keystore” in association with a Korean company, Kakao Corp. Kakao and Samsung are reportedly also planning to introduce blockchain elements in Samsung’s upcoming Galaxy Note 10 and 10+.
Recent product launch histories though suggest that LG is slower than Samsung in the innovation initiatives. LG is facing challenges with its blockchain phone while Samsung is already going to introduce these capabilities on its upcoming Note 10. Samsung launched foldable phones and LG came up with double screen phones shortly after.
In other developments, Huobi Global a venture-backed Crypto firm is already launching its blockchain phone called “Acute Angle” on September 11
What’s the likely future for Blockchain Smartphones?
Blockchain is still evolving and the biggest impact of this has been felt in the financial services industry. Smartphones seemed like a known conclusion as most of the consumers prefer to transact on their mobile devices. Giants like Samsung realised it first. Apple got a whiff of where Samsung was going ahead with blockchain implementation on the smartphone. LG felt like it being left out and hence they decided to get on with it. We still don’t have enough ideas about how Google is planning to incorporate blockchain elements on its flagship phone; Pixel. There are possibilities Google may be the last to try blockchain and crypto wallets on their Pixel phones as they are still struggling with their sales.
Blockchain and smartphones happen to be the 2 biggest subjects of discussion and smartphone giants like Samsung and Apple are specifics centred if we talked about giving their buyers an easy way of transacting. Blockchain further strengthens the privacy aspect of iPhones and probably goes in line with the privacy focused vision of Apple. Both of them are going to evolve with upcoming launches.
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