09/09/19 05:40 UTC-4

Following Samsung, LG plans to release a blockchain smartphone

OtherSamsung will have a new competitor – LG blockchain smartphone
Samsung will have a new competitor – LG blockchain smartphone

In the near future, the LG tech giant will introduce users to its own blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
smartphone, in response to Samsung’s recently introduced new smartphone model "KLAYTNPHONE".

 

LG is not far behind its competitor

LG is Samsung’s closest domestic competitor and, according to the daily Chosun newspaper, LG is committed to responding to Samsung’s latest designs.

Chosun reports: industry sources have confirmed that LG is "most likely" to introduce its own blockchain phone "in the near future". And also, it became known that these plans appeared after the release of Samsung's Blockchain Wallet. Earlier this year, LG met with a number of dapp (decentralized application) developers to discuss possible future collaboration.

Interesting in the section: Exodus desktop wallet for storing cryptocurrency

  • LG is a well-known supporter of the blockchain and is exploring a number of business areas related to technology. The company launched its own Monachain blockchain platform.
  • Samsung is launching another blockchain-powered smartphone called "KlaytnPhone," as an option for the flagship Galaxy Note 10 product.  

 

Editor: Yuliya Soroka

See also: "LINE opens up new opportunities for its 80 million users"

#LG #Samsung #smartphone #blockchain

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