Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

Samsung and Gemini’s joint efforts may help to overcome some of the roadblocks facing the global adoption of cryptocurrencies.

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In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only use their devices as cold storage wallets but to buy and sell crypto via the Gemini exchange as well.

Samsung is the global leader in the smartphone market, with 298.1 million units shipped and a 21.8% market share in 2019, according to tech analytic firm Canalys. Adding support for Gemini will lower the barrier to entry to cryptocurrency use for millions of people.

Previously, owners of Samsung Blockchain Wallet-compatible devices were able to store crypto on their phones, send and receive crypto, and use decentralized applications. However, with this latest addition, Samsung owners will now be able to buy and sell crypto via Gemini too, making it easier for those new to crypto to get their hands on their first tokens.

Both Samsung and Gemini hope that by streamlining the crypto acquisition process, they will be able to overcome some of the roadblocks that have led to the somewhat underwhelming adoption of cryptocurrencies. Tyler Winklevoss, CEO of Gemini, stated in a press release:

“Crypto is not just a technology, it is a movement. We are proud to be working with Samsung Blockchain to bring crypto’s promise of greater choice, independence, and opportunity to more individuals around the world.”

The rocky road to widespread crypto adoption

From Bitcoin’s (BTC) mysterious origins as the brainchild of the pseudonymous Satoshi Nakamoto to the sudden rise of crypto in 2017, cryptocurrency has experienced a wild ride over the past decade, with roadblocks at every turn.

At the beginning of its journey, cryptocurrency, like Bitcoin, was largely viewed as a means to conduct illicit affairs and, in some ways, that reputation has stuck around. From ordering drugs online to cryptojacking malware (malicious software that uses a computer’s resources to mine crypto), cryptocurrencies have earned something of a bad reputation.

Unfortunately, because cryptocurrency is accessed through computers, which are always vulnerable to cyberattacks, many people are also concerned about the security of their funds if they were to adopt crypto as their go-to currency. Although cryptocurrencies use complex cryptography to stay secure, and there are many ways to further improve the safety of your funds — such as switching from cloud storage to cold storage — many people may be slow to switch over to digital currencies out of fear of being hacked.

While these concerns haven’t stopped the growing public interest, it has made it more difficult to obtain crypto in some countries, hampering its ability to become a global currency. With several governments banning crypto outright and a lot of people not using a VPN to sidestep those bans, that reputation has put a dent in its user base — especially given that China, one of the largest consumer markets, is one of the countries making an active effort to suppress cryptocurrency.

What’s more, even when people are not worried about cryptocurrency and aren’t legally prohibited from acquiring tokens, many crypto exchanges are simply too complex for the average user to navigate. While there has been an uptick in user-friendly exchanges over the past few years, of which Gemini is one, this lack of easy-to-use exchanges may have significantly hindered the early adoption of cryptocurrencies.

Throughout all this turmoil, Samsung has been one of the largest proponents and supporters of cryptocurrency. In 2019, the company rolled out the Samsung Blockchain Wallet, which supports sending, receiving and storing ERC-20 tokens as well as using DApps built on Ethereum.

This was viewed as one of tech’s biggest moves toward crypto adoption, along with Facebook’s digital currency, Libra. However, without the ability to purchase cryptocurrencies on exchanges, there was still somewhat of a barrier to Samsung owners who didn’t already own crypto.

Samsung and Gemini partner to bring cryptocurrency to the masses

While the complex mathematics behind cryptocurrencies may be hard for consumers to grasp, the benefits of a global currency are not. With support for Gemini built into new Samsung Galaxy models, widespread adoption of cryptocurrency may be inching closer and closer.

Unlike some other crypto exchanges such as Binance, Bittrex or Poloniex, Gemini focuses on providing a streamlined and intuitive crypto buying and selling experience for its users instead of an environment designed for active trading. It’s comparable to Coinbase in its beginner-friendly nature and its focus on buy-and-hold investment strategies.

Gemini is also one of the few exchanges to be awarded a BitLicense, which is required to operate an exchange in the state of New York. This exposes Gemini to a potential market of over 19 million people that not all of its competitors have access to.

By natively supporting Gemini with Samsung’s existing cold storage wallets, the two companies are making it exceedingly easy for new blood to enter the crypto space and safely secure funds in cold storage. Jeanine Hightower-Sellitto, managing director of operations at Gemini, said:

„For millions of Samsung users across the U.S. and Canada, being able to store crypto directly on their phones lowers another barrier to entry.“ 

While this alone likely won’t be enough to completely change the landscape of cryptocurrency, it sets the stage for other groundbreaking developments yet to come.

Looking forward

Although Samsung Pay continues to lag behind Apple Pay in market share, it still maintains a sizable user base that is expected to hit 100 million users this year. While Samsung Blockchain Wallet doesn’t currently integrate with Samsung Pay, it seems to be just a small step away from allowing Galaxy owners to exchange fiat for tokens, or vice versa, on Gemini and then immediately use them for everyday purchases.

With Samsung Pay so deeply integrated into the daily life of several Asian countries, the impacts of a development like this could be truly massive. Although such an integration is purely speculative at this point, the combined forces of Samsung and Gemini do seem to show that the future is bright for crypto.

Indeed, regardless of whether this recent partnership has an impact, it’s clear that blockchain and similar cryptographic technologies are here to stay. From cryptocurrency to DApps, these technologies are poised to change the world.

While the vision of cryptocurrency as a truly global currency is still far off in the future, these recent developments are drawing us ever closer.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Sam Bocetta is a freelance journalist specializing in United States diplomacy and national security with an emphasis on technology trends in cyberwarfare, cyberdefense and cryptography. Previously, Sam was a contractor for the U.S. Department of Defense, working in partnership with architects and developers to mitigate controls for vulnerabilities identified across applications.


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Samsung and Gemini’s joint efforts may help to overcome some of the roadblocks facing the global adoption of cryptocurrencies.

Stellar Foundation Joins Forces With Samsung to Integrate its Blockchain Ecosystem

Stellar Foundation Joins Forces With Samsung to Integrate its Blockchain Ecosystem

The Stellar foundation will add its blockchain ecosystem into Samsung’s Blockchain Keystore.

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The Stellar Development Foundation, or SDF, announced the official integration of its blockchain ecosystem into Samsung’s Blockchain Keystore on July 15. This integration aims to provide a solution for Stellar end-users to store private keys on selected Galaxy smartphones.

According to the announcement, developers from the Stellar ecosystem will be able to create blockchain-related apps and services for Samsung Galaxy smartphone owners.

Recruiting for the Stellar blockchain ecosystem

Denelle Dixon, CEO and executive director of the Stellar Development Foundation, commented on the partnership with Samsung:

“Stellar’s integration into the Samsung Blockchain Keystore is a significant step for our network and the incredible ecosystem of applications built on this platform. Samsung provides a key management solution that is user-friendly and drives greater adoption of blockchain technology. With this integration, we’ve opened up to a new network of users that can benefit from the combined innovation of Stellar and Samsung.”

Samsung smartphones which are eligible for the integration include the Galaxy S20 Series, Galaxy Z Flip, Galaxy Note 10 Series, Galaxy Fold, and the Galaxy S10 series.

Cointelegraph reported in May that the SDF invested a further $550,000 —  paid in XLM — in Berlin-based instant payment platform SatoshiPay.

The Foundation’s third investment in SatoshiPay brings the Enterprise Fund’s investments for the year up to a total of $6.3 million.


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The Stellar foundation will add its blockchain ecosystem into Samsung’s Blockchain Keystore.

Samsung May Have Appointed New Blockchain Leadership

Samsung May Have Appointed New Blockchain Leadership

South Korean tech titan names Woong Ah-yoon as the head of their blockchain division.

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Although the company made no official announcement, South Korean tech conglomerate Samsung Electronics seems to have been appointed a new Vice President in its AI PM Group / Blockchain Dev Group.

Woong Ah-yoon, a former chief architect of Blockchain Solutions for Healthcare and Life Sciences at IBM, recently updated his LinkedIn profile with the new role. However, according to the information provided, he has been reportedly holding the position since January 2020.

According to the local media Fn News, Woong will expand and reorganize the Blockchain Task Force division of Samsung, which currently operates as a temporary organization within the wireless division of the tech titan.

Previous experience in IBM’s healthcare blockchain-based solutions

Ah-yoon will be in charge of overseeing blockchain development and business under a brand-new blockchain-related vision of Samsung.

Woong’s appointment may be due to his previous experience with IBM’s healthcare division. Fn News believes the new vice president could strengthen one of the three primary services of the Samsung Galaxy smartphone — Samsung Health.

There are unconfirmed rumors that Woong could be leading the strengthening of Samsung’s blockchain-based health management service, Limbo, as well. Limbo rewards users after completing a walking or running mission every day.

However, when the local media reached out Samsung for official statements regarding the new blockchain leadership, they provided the following comment:

“We can’t confirm information related to the internal organization and human resources.”

Latest blockchain’s moves by the tech titan

Samsung Electronics has been showing signs of wanting to strengthen their blockchain development and diversify its products by improving the crypto-friendly environment within their services.

Cointelegraph reported on March 26 that the tech giant had created a new standalone turnkey security chip that secures cryptocurrency transactions on smartphones and tablets.

In February, Samsung unveiled its latest smartphones series, the Galaxy S20, which improved on the integrated blockchain security features introduced in 2019.


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South Korean tech titan names Woong Ah-yoon as the head of their blockchain division.

Blockchain-Powered 5G Phone Manufactured by Samsung Launches

Blockchain-Powered 5G Phone Manufactured by Samsung Launches

SK Telecom launches the world’s first 5G phone with blockchain-powered features to strengthen security

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Samsung and SK Telecom, a South Korean mobile carrier, unveiled the world’s first 5G smartphone equipped with blockchain-powered ID authentication.

The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics. The phone’s initial price is 649,000 Korean won, or $527.54 USD, according to the announcement on May 14.

Blockchain-powered features incorporated

The company stated that the blockchain-powered system is utilized when users pay for goods and services at offline merchants with the SK Pay. Blockchain is also used to help prevent the falsification and theft of information stored on the phone. Another of the phone’s major features is SK Pay biometric protection — a mobile blockchain authentication service.

The mobile carrier noted that the phone goes up for presale on May 15, with an official launch date of May 22.

The latest on blockchain phones development in Asia

South Korea has been a benchmark in the development of blockchain-powered phones. For example, Cointelegraph reported in 2019 that mobile giant LG was developing a blockchain phone in response to Samsung’s crypto-friendly Klaytn Phone.

Chinese sources reported in September 2019 that Huobi-invested startup, While Network, had launched its blockchain-powered smartphone, Acute Angle, in Southeast Asia.

HTC announced a phone in April that would have the option of mining Monero (XMR) through an app.


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SK Telecom launches the world’s first 5G phone with blockchain-powered features to strengthen security

Tron DApps Arrive on the Samsung App Store

Tron DApps Arrive on the Samsung App Store

Tron blockchain applications will be available on Samsung’s app store, thanks to a new partnership

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The Tron (TRX) project announced on April 27 that apps built on its blockchain will be featured in the Samsung Galaxy Store.

Owners of Samsung smartphones in specific countries will see Tron decentralized apps, or DApps, in an alternative app store.

Tron and its tokens were already supported by Samsung’s Blockchain Keystore, which stores private keys in a secure memory compartment. The integration was announced alongside Bitcoin (BTC) and Ethereum (ETH).

As indicated by Tron, the Samsung store will feature “applications like Blockchain Cuties, Super Player, Meerkat Mining and Timeloop.”

It is worth noting that Blockchain Cuties is a multi-platform game that reports having more users on Ethereum, though it sees more transactions on Tron. Super Player appears to be an Ethereum-only project for now, according to Dappradar.com.

The remaining two apps aren’t present on any DApp aggregation platform. Even if this is not an exhaustive list, it is unclear what criteria will be followed when including DApps.

The Samsung Galaxy Store itself is an alternative app store for Samsung devices. Alongside general Android apps found on Google Play Store, it features many custom-tailored apps for the Korean company’s devices.

These DApps will be available on Samsung devices in the United States, Canada, South Korea, Australia, the Philippines, Singapore and “some countries in Europe.” It appears that the availability is not universal in those markets, with Tron disclaiming that availability “varies by carrier, market and device.”

The Tron DApp ecosystem

As reported by Cointelegraph in January, Tron was dominated by gambling DApps throughout 2019. A look at Dappradar’s ranking page for Tron shows that gambling apps still account for a majority of the ecosystem in terms of user count.

In terms of volume, however, the Just DApp has shot up the charts with over $3.5 million in transacted value. This appears to be a rebrand of Djed, a clone of MakerDAO that launched in March. The volume is coming from just under 300 weekly users, suggesting that large TRX stakeholders are participating.

Recent criticism

Tron is a controversial project and its actions continue to polarize the community. Its latest scandal involves the purchase of Steemit Inc., the company behind the Steem project. As the community rebelled against the takeover, allegations of centralization continue.

According to a former Steem validator, Justin Sun is bribing the community into placing favorable validators in the Steem delegated proof-of-stake system.


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Tron blockchain applications will be available on Samsung’s app store, thanks to a new partnership

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

Samsung SDS partners Credorex to provide merchants with a blockchain banking solution for payments and invoices

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Samsung SDS, the South Korean tech giant’s IT services subsidiary, has just announced a partnership with Israel-based fintech and smart payments provider Credorex. According to a report from The Korea Herald, March 4, the two companies will collaborate to develop a payment platform for European merchants and banks.

Samsung SDS pushes into European markets

One part of the proposed solution will be developed using Samsung SDS’ Nexledger Universal blockchain platform and will allow merchants to automatically reconcile payments, remittances and invoices with their bank records.

This will integrate into a payments platform, built using Samsung SDS’ AI-based Brity Works, which is designed to automate various work processes.

The move marks part of a planned push into European markets by Samsung SDS, as president and CEO, Hong Won-pyo explained:

“Together with Credorax, which specializes in payments solutions, Samsung SDS will try to expand its business in the European sectors that seek digital transformation.”

Zero-knowledge proofs give added privacy

As Cointelegraph reported, Samsung recently updated its Nexledger blockchain by integrating a zero-knowledge proof solution.

The upgrade intends to provide a higher level of privacy for users, by allowing the recording and authentication of transactions on a shared blockchain without disclosing confidential data.

The benefits of this should further enhance the platform to be developed with Credorex.


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Samsung SDS partners Credorex to provide merchants with a blockchain banking solution for payments and invoices

Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models

Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models

Samsung Galaxy S20 smartphone models will continue to feature blockchain and cryptocurrency specific technologies

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South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco. 

While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10.

Security is still a highlight

After copious details regarding the new camera, and briefly mentioning 5G, battery life and storage, Samsung highlights the new phones’ security features. These build on the Knox platform, a defense-grade security solution which stores private keys in a secure isolated area.

“We created a secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private,” Samsung states.

From small acorns…

Following the unveiling of the Knox platform in the Galaxy S10 last February, Samsung further developed its mobile blockchain offering with the release of a software development kit in July 2019. This included a toolkit for the Samsung Blockchain Keystore, which holds users’ private keys.

Later that month PundiX announced that it had integrated its XWallet app into Samsung’s blockchain ecosystem, allowing users to link the app to their Samsung Blockchain Wallet.

Samsung then added Bitcoin-support to its Blockchain Keystore, along with several other advances. Previously it had only officially supported Ethereum.

In September 2019, the company released an edition of the smartphone/tablet hybrid Galaxy Note 10 with cryptocurrency functionality.

Confirming commitment to blockchain

With the imminent release of the Galaxy S20, along with its big brothers the S20+ and S20 Ultra, Samsung is confirming its commitment to cryptocurrency and blockchain technology.

It also plans to roll-out its Knox platform beyond mobile devices, and into network connected devices like 5G and Internet of Things end points and equipment.

The Samsung Galaxy S20 will be available from March 6, in the United States, Australia and the United Arab Emirates, and from March 13 in the United Kingdom.


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Samsung Galaxy S20 smartphone models will continue to feature blockchain and cryptocurrency specific technologies

Salesforce and Samsung Add to Earlier $35M Investment in Digital Asset

Salesforce and Samsung Add to Earlier $35M Investment in Digital Asset

In a second Series C funding round, blockchain startup gains support from Samsung and Salesforce venture arms

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Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset. 

After gathering $35 million in its first Series C raise that ended in December 2019, Digital Asset decided to run another round, a Feb. 4 press release read. 

This second Series C funding attracted investment from Samsung Venture Investment Corporation and Salesforce Ventures, among others. 

“Salesforce Ventures and Samsung joining our Series C financing round demonstrates the potential that technology giants see in DAML as the standard for smart contracts,” Digital Asset Co-Founder and CEO Yuvol Rooz said in the press release.  

Digital Asset capital use

As a startup in the blockchain software niche, Digital Asset released a product called the Digital Asset Modeling Language, or DAML, in April 2019. An open-source project, DAML acts like smart contract coding, although it varies in terms of private execution. 

Digital Asset plans to put the capital gathered during its additional funding toward DAML adoption, fuel new DAML development products and release additional “DAML-enabled partner products,” the release said. 

New experienced hire

Digital Asset has also brought a technology veteran on board. After 28 years at Microsoft, serving some of that time as the tech giant’s corporate vice president, Susan Hauser joins Digital Asset’s board of directors, the press release said. 

Hauser also previously advised Digital Asset. “During my time as an advisor to Digital Asset, I quickly learned how transformative smart contracts could be for a variety of use cases and across industries,” Hauser said in the press release. “We are going to see adoption of smart contracts — and languages like DAML — take-off in the near future.” 

Cointelegraph also reported on Digital Asset’s partnership with Amazon’s AWS Aurora in June 2019. 

Cointelegraph reached out to Digital Asset for additional details but received no response as of press time. This article will be updated accordingly should a response come in.


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In a second Series C funding round, blockchain startup gains support from Samsung and Salesforce venture arms

Is Samsung About To Partner With This Crypto Startup?

Is Samsung About To Partner With This Crypto Startup?

GatePay’s co-founder told Cointelegraph a partnership with “Korea’s largest consumer electronics manufacturer” is imminent. #CTdoesDavos

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It’s funny what business leaders can and can’t tell the press.

Cointelegraph caught up with Alexander Drummond, co-founder of crypto-enabled payments company GatePay, at the 50th edition of the World Economic Forum in Davos, Switzerland this week. Drummond was one of several crypto entrepreneurs presenting his company on stage at the CV Labs event on Tuesday.

Drummond’s pitch for GatePay goes something like this: retail customers should be able to pay for products with any means of exchange they want, and retail stores should be able to handle it. Offering checkout support for different credit cards and popular cryptocurrencies, GatePay is a piece of software that point-of-sale distributors push to their merchants’ checkout systems to support all kinds of credit cards and cryptocurrencies.

Merchants designate their banking details and receive all their revenue — from Mastercard swipes to BTC transactions — as conventional bank deposits. Merchants get cash, not crypto, and this is what a vast majority of merchants want at the end of the day.

“If i want to pay with Bitcoin, i choose that option and scan a QR code or tap my phone via NFC,” Drummond explained. “It’s really the same as if you were using ApplePay or another non-credit-based payment rail.”

When we asked Drummond what the future held for GatePay, he let loose an interesting tidbit:

“We’re about to partner with the largest or second-largest payment network in the world. If people have a typical Android phone, they’re likely already tied into this ecosystem. I can only tell you that we’re close to announcing a collaboration with Korea’s largest consumer electronics manufacturer.”

Drummond specifically did not say “Samsung,” but that is indeed Korea’s largest consumer electronics manufacturer, and it has an associated payment network called Samsung Pay that’s compatible with a wide variety of Android phones. If and when GatePay can make the formal announcement that the collaboration is finalized, it would represent a major momentum boost for this crypto startup.

But we’re still waiting for that formal announcement.

Samsung did not immediately reply to Cointelegraph’s request for comment.


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GatePay’s co-founder told Cointelegraph a partnership with “Korea’s largest consumer electronics manufacturer” is imminent. #CTdoesDavos

Samsung SDS to Use Zero-Knowledge Proofs on Business Blockchain

Samsung SDS to Use Zero-Knowledge Proofs on Business Blockchain

Samsung SDS’ enterprise blockchain platform Nexledger will use QEDIT’s zero-knowledge proof privacy solution

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Samsung SDS, the IT arm of tech giant Samsung, has integrated QEDIT’s zero-knowledge proof solution (ZKP) to its Nexledger blockchain. By applying ZKP, Samsung SDS intends to provide a higher level of privacy for users of its enterprise blockchain platform Nexledger, QEDIT said in a press release on Nov. 14.

To apply the technology, Samsung SDS has signed a memorandum of understanding with Israeli privacy-enhancing technology provider QEDIT in Seoul. According to the announcement, the agreement was signed by Jeanie Hong, senior VP at Samsung SDS’ blockchain division, and Jonathan Rouach, CEO and co-founder of QEDIT.

Based on ZCP cryptography, QEDIT’s protocol is designed to allow parties employing enterprise blockchains to record and authenticate transactions on a shared ledger without disclosing confidential data.

Specifically, QEDIT’s private asset transfer solution makes digital payments between banks private when they are transferred, while regulators and institutions can selectively disclose certain details about transactions. Hong said:

“The performance of QEDIT’s private asset transfer solution has been exemplary during the rigorous series of testing and trials we conducted. The QEDIT team has consistently demonstrated the ability to horizontally scale ZKP cryptography in a blockchain environment, and has shown a deep appreciation of the challenges confronting enterprises from a privacy perspective.”

QEDIT’s tech has already been deployed by major global firms

Prior to partnering with Samsung SDS, QEDIT has made similar agreements with other major global firms, including Big Four auditing firm Deloitte. Following an agreement announced in late October 2019, the CTO at Deloitte’s EMEA Blockchain Lab noted that QEDIT’s ZCP solution ensures that organizations can trust the authenticity of qualifications while maintaining data privacy and regulatory compliance.

As reported by Cointelegraph, ConsenSys’s enterprise blockchain startup Kaleido became the first firm to implement QEDIT’s ZCP solution in mid-September 2019.


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Samsung SDS’ enterprise blockchain platform Nexledger will use QEDIT’s zero-knowledge proof privacy solution

Samsung Integrates Tron and Mobile-Compatible DApp Building Tools

Samsung Integrates Tron and Mobile-Compatible DApp Building Tools

Tron transaction support now included in Samsung’s updated decentralized app store and SDK blockchain platform

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South Korean technology conglomerate Samsung has integrated Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore.

According to a release note published on Oct. 29 to the Samsung Developers website, Samsung Blockchain Keystore SDK v1.2.0 now includes APIs that support TRX transactions.

Justin Sun’s social media ploy

Samsung has revealed it is today announcing its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019. The new SDK will reportedly tackle the two-fold challenge of bolstering security and building mobile-compatible DApps.

As commentators have been swift to claim, the new Tron integration means that APIs for all tokens conforming to the TRC10 or 20 standards — as well as Tron-based DApps — are poised to become accessible to anyone with the Blockchain Keystore among Samsung’s near-one billion global smartphone user base. 

Justin Sun, the CEO of Tron — which positions itself as a competitor to Ethereum (ETH) by coupling decentralized finance with a wider decentralized internet ecosystem — had this week attempted to fuel hype by hinting at an undisclosed partnership with an allegedly “hundred billion USD megacorporation.” 

As of August 2019, Samsung reportedly has a market value of $272.4 billion, according to Statista.

Sun had also claimed the partnership would “broadly distribute TRON Dapps and tokens to billions of customers.”

The Chinese blockchain market

As reported, Tron has recently dislodged Ether (ETH) from the second spot on the latest crypto rankings report from China’s state-backed tech workgroup, the Center for Information and Industry Development (CCID).

Yesterday, TRX reported gains of as high as 25% against the U.S. dollar, perhaps due to a combination of Sun’s provocative announcement and a milestone endorsement of blockchain technology from Chinese President Xi Jinping. 

The latter prompted an explosion of domestic interest in Bitcoin (BTC) and blockchain, according to WeChat search data, as well as a boom in blockchain company shares on the Chinese stock markets.


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Tron transaction support now included in Samsung’s updated decentralized app store and SDK blockchain platform

Samsung SDS Partners With Tech Mahindra for a New DLT Product

Samsung SDS Partners With Tech Mahindra for a New DLT Product

Samsung’s software arm Samsung SDS announced a joint blockchain development initiative with Tech Mahindra

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Samsung SDS, the IT subsidiary of global tech giant Samsung, has announced a joint initiative to launch a new blockchain-based traceability product.

To develop the new project, Samsung SDS partnered with American software firm Pega and Tech Mahindra, a subsidiary of major Indian multinational conglomerate holding company Mahindra Group, according to a press release on Oct. 16.

Specifically, the joint initiative will be a combination of Samsung SDS’s enterprise blockchain platform Nexledger Universal and Pega’s digital process automation platform Pega Platform. By integrating Pega’s core product with Nexledger, the firms aim to develop improvements for supply chain systems, the press release states.

The solution will target a number of related industries, including banking and financial services, insurance, manufacturing, public services as well as supply chain logistics, the firms said in the announcement.

Samsung SDS, Tech Mahindra and Pega have previously established partnerships

The news follows an announcement of a strategic collaboration between Samsung SDS and Tech Mahindra to develop and promote Nexledger in Indian and global markets, as reported in April 2019. The product offers an open-source, hybrid and private blockchain platform that integrates a set of components including monitoring tools, external linkages and application programming interfaces.

Tech Mahindra and Pega have been jointly developed business products based on Pega’s customer management tools since 2003, the press release notes.

On April 24, 2019, Samsung SDS released a new version of Nexledger Universal, an application programming interface combining the support of multiple blockchains such as Ethereum, Hyperledger Fabric and Samsung’s Nexledger Consensus Algorithm.


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Samsung’s software arm Samsung SDS announced a joint blockchain development initiative with Tech Mahindra

Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay teams up with RippleNet member Finablr to offer cross-border payments feature Money Transfer to its app’s users

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Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users.

Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.” 

Furthermore, United States-based Samsung Pay’s clients reportedly can use their debit or credit cards to send money via the service.

Tokenized credentials

Per the release, all the fees and exchange rates are included upfront, allowing users to know in advance what they will be paying. The system’s security also employs tokenized credentials backed by Samsung Knox. Sang Ahn, the vice president and head of content and services division at Samsung Electronics America, added:

“Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient. The range of services in Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact consumers’ everyday financial experiences.”

An increasingly competitive space

Lastly, while the Money Transfer feature is now rolled out to the United States userbase, the new service will be expanded to more markets next year, the press release states. According to company information website Crunchbase, Finablr was founded in April 2018 and has $5 million in estimated revenue annually.

As Cointelegraph reported on Feb. 26, multi-currency money-sending app Circle has announced that it acquired major US-based cryptocurrency exchange Poloniex for $400 mln.


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Samsung Pay teams up with RippleNet member Finablr to offer cross-border payments feature Money Transfer to its app’s users

Harmony to Scale Samsung Wallet-Supported Blockchain Health Data App

Harmony to Scale Samsung Wallet-Supported Blockchain Health Data App

Blockchain network Harmony will be scaling a Samsung crypto wallet-listed health rewarding app, following a new partnership

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Blockchain network Harmony teamed up with a Lithuanian blockchain-powered health app firm to enable fast and secure health data sharing.

According to a press release shared with Cointelegraph on Sept. 12, Harmony partnered with Lympo, a company developing an incentivizing platform for healthy lifestyle activities like walking or running, in order to boost the platform’s scalability.

LYM tokens supported by Samsung Blockchain wallet

Specifically, the Lympo app rewards users with LYM tokens for completing various daily challenges and allows spending the tokens to buy sports goods, gadgets and other products, the press release notes. 

In July 2019, the company announced that LYM tokens can be withdrawn to the crypto wallet on the new blockchain-enabled phone by global tech giant Samsung, Samsung blockchain wallet.

Available in the United States and South Korea, the app has reportedly gained over 260,000 users in eight months, reaching nearly 90,000 monthly active users.

Harmony’s IEO featured on Binance Launchpad

Within the new partnership, Harmony will help Lympo to provide its incentivizing app to everyone building healthy lifestyle habits, Lympo CEO Ada Jonuse said, adding that the cooperation will enable secure and scalable health data sharing targeting millions of new users.

Harmony’s blockchain is based on a system called deep sharding — the process involving breaking up a large database into smaller, more manageable segments in order to speed up transactions on the network. 

In May 2019, Harmony completed an initial exchange offering (IEO), featuring its Harmony (ONE) tokens on Binance Launchpad, an IEO platform developed by major global crypto exchange Binance.

In early August, Harmony partnered with blockchain gaming firm Animoca to jointly acquire Sequoia-funded digital collectible startup Quidd.


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Blockchain network Harmony will be scaling a Samsung crypto wallet-listed health rewarding app, following a new partnership

LG Developing a Blockchain Phone in Response to Samsung: Korean Media

LG Developing a Blockchain Phone in Response to Samsung: Korean Media

LG already preparing blockchain competitor to Samsung’s Klaytn Phone

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South Korean electronics giant LG is working with blockchain developers to launch a rival to Samsung’s Klaytn blockchain smartphone, sources have said.

LG in talks with local developers

Speaking to local daily news outlet Chosun on Sept. 8, an industry insider said LG had already held discussions with local decentralized application (DApp) developers and had worked out a use case for its future product. 

“LG is likely to respond to Samsung’s innovation initiative,” he told the publication. 

The news comes a week after reports Korean messaging service Kakao Corp. was preparing to roll out blockchain capabilities on the Samsung’s forthcoming Galaxy Note 10 smartphone. 

Dubbed the Klaytn Phone, the device will come with a wallet and a free handout of KLAY, the token developed by Kakao off-shoot, GroundX.

Opening the blockchain smartphone floodgates

The latest in an increasing number of crypto-enabled smartphone offerings, Samsung’s move could trigger a domino effect, another official suggested to Chosun. 

A tit-for-tat move by LG would not be out of character in the heavily competitive consumer market.

“I think Samsung is trying to prepare differently in the blockchain field, just as LG responded with a dual screen when Samsung Galaxy came out with a foldable phone,” they said. 

It remains unknown whether LG’s future offering will become internationally available. The Klaytn Phone, as Cointelegraph noted, will only be accessible on the domestic South Korean market. 

Over the weekend, the creators of Finney, the world’s first blockchain-focused smartphone, announced the device would soon debut in Bangladesh.


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LG already preparing blockchain competitor to Samsung’s Klaytn Phone

Samsung Launching a Galaxy Note 10 Crypto-Phone Edition: Sources

Samsung Launching a Galaxy Note 10 Crypto-Phone Edition: Sources

Kakao Corp. uses Samsung smartphone to issue airdrop

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South Korean tech giant Kakao Corp. will issue its affiliate cryptocurrency, KLAY, direct to Samsung smartphone users.

According to the Wall Street Journal (WSJ) citing people familiar with the plans on Sept. 5, the latest edition of Samsung’s new Galaxy Note 10 will feature a cryptocurrency wallet — and free coins. 

“KlaytnPhone” will come with free crypto

KLAY is the in-house token of Klaytn, the blockchain network Kakao revealed in conjunction with its dedicated spin-off, Ground X, in October last year.

Speaking to the WSJ, the sources said each edition of Samsung’s Klaytn edition of the Galaxy Note 10 would ship with an unknown amount of KLAY. 

The phone will also include Klaytn’s various features, which its creator says all aim to reduce the confusion surrounding blockchain technology. 

The new product, however, will only be for sale on the Samsung’s native South Korean market.

Blockchain smartphones keep coming

The companies declined to comment on the release. As Cointelegraph reported, Samsung has already released a blockchain-enabled smartphone, beginning in March with the Galaxy S10. 

Other operators have done likewise, with another new offering announced just days ago. Whole Network, a startup backed by cryptocurrency exchange Huobi, will formally unveil its $500 Acute Angle next week.

“As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices,” Huobi Global CEO, Livio Weng, commented.


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Kakao Corp. uses Samsung smartphone to issue airdrop

Samsung Files Patent for ‘Programmable Blockchain Solid State Drive’

Samsung Files Patent for ‘Programmable Blockchain Solid State Drive’

South Korean consumer electronics giant Samsung wants to patent a blockchain-enabled SSD system

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South Korean consumer electronics giant Samsung has filed a patent for a blockchain-enabled Solid State Drive (SSD).

“Programmable blockchain solid state drive and switch”

Local industry news outlet Decenter reported on Sept. 3 that Samsung applied for the “programmable blockchain solid state drive and switch” patent on Jan. 15 and that it has been published on Feb. 2. 

Details of the newly designed system are sparse, but it will reportedly be used to improve the speed and lifespan of blockchain-aware storage devices.

To achieve this objective, Samsung intends to use Field Programmable Gate Arrays (FPGAs). FPGAs are devices which can be placed in between general-purpose processing devices and Application Specific Integrated Circuits (ASICs).

This kind of devices can be programmed to be predisposed to calculate algorithms in a way more efficient than general-purpose computer devices can. But unlike ASICS, they can be reprogrammed to be adapted to different algorithms. Those features made them a more flexible, but less efficient, alternative to ASICS in cryptocurrency mining.

Samsung is taking crypto seriously

Samsung, one of the biggest producers of electronics in the world, has been integrating ever more blockchain based-features into its mobile devices. Last month, the electronics giant integrated Pundi X’s XWallet app into their Samsung Blockchain Wallet alongside over 30 other cryptos.

As Cointelegraph reported last month, Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”


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South Korean consumer electronics giant Samsung wants to patent a blockchain-enabled SSD system

Samsung Discreetly Adds Bitcoin Support to Blockchain Keystore

Samsung Discreetly Adds Bitcoin Support to Blockchain Keystore

South Korean tech conglomerate Samsung has quietly added Bitcoin support to its decentralized app store, Blockchain Keystore

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South Korean tech conglomerate Samsung has quietly added Bitcoin (BTC) support to its decentralized app store, Blockchain Keystore.

According to updated information on the Samsung Developers website, the Keystore now supports Bitcoin as well as Klaytn, the cryptocurrency released by Korean internet giant Kakao.

Select devices and jurisdictions

As the site outlines, Samsung’s Blockchain Keystore is supported by six of its devices — Galaxy S10e, S10, S10+, S10 5G, Note10 and Note10+ — and across six jurisdictions: Canada, Germany, South Korea, Spain, Switzerland, the United States and the United Kingdom.

The Keystore was first released in July of this year as part of Samsung’s blockchain and decentralized application (DApp) Software Development Kit (SDK), which provides account management as well as backup, payment and digital signature facilitation.

Notably, initially the Keystore had only supported the Ethereum blockchain. 

Earlier this month, Samsung had expanded SDK with two new services — an AI-powered digital analytics DApp dubbed “Jupiter” and a QR code-based peer-to-peer wallet, “Mars,” and integrated them into the Galaxy S10 and newer versions of Samsung smartphones.

Blockchain smartphones

In parallel to Samsung, Taiwanese consumer electronics giant HTC has also launched a blockchain-powered smartphone, dubbed “Exodus,” which launched in fall 2018.

Israeli blockchain startup Sirin Labs launched its Finney blockchain smartphone in winter 2018, but was soon reportedly forced to lay off a quarter of its   during the 2018-19 cryptocurrency bear market.


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South Korean tech conglomerate Samsung has quietly added Bitcoin support to its decentralized app store, Blockchain Keystore

Samsung Expands Its Blockchain DApp Kit With New Services, Updates Wallet

Samsung Expands Its Blockchain DApp Kit With New Services, Updates Wallet

Samsung has added two new services, “Jupiter” and “Mars,” to its blockchain and dApp software development kit

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South Korean tech giant Samsung has expanded its blockchain and decentralized application (DApp) Software Development Kit with two new services.

Galaxy of multi-service blockchain apps

Per the press release shared with Cointelegraph on Aug. 6, Samsung has integrated a digital analytics DApp dubbed “Jupiter” and a QR code-based password wallet “Mars” into Galaxy S10 and newer version of Samsung smartphones.

Jupiter utilizes TrustVerse’s artificial intelligence powered price prediction and analytics build on Microsoft Azure architecture. The DApp enables users to track volatility of digital assets — including Bitcoin (BTC) and Ether (ETH), among others — by analyzing past records of market movements.

The service thus provides forecasts of how cryptocurrency prices will change over the course of several hours. Samsung’s users will reportedly soon be able to receive in-depth analysis reports on blockchain token market and prices.

The second app, Mars, lets users conduct peer-to-peer cryptocurrency transfers through QR code. “Complex address input can be avoided just by clicking on a QR code and therefore, typo error or entering wrong address can be avoided,” the release explains.

Marking growing adoption of blockchain

Samsung initially announced its DApp kit in July, stating that it allows for account management and backup, payment and digital signature facilitation, Samsung Keystore and other cold wallet support.

That same month, Cointelegraph reported that Samsung and cryptocurrency payments startup Pundi X’s new cooperation will allow users to integrate the XWallet app to their Samsung Blockchain Wallet.

Samsung first revealed that Galaxy S10 series will have wallet functions for digital currencies in February. Later in May, news broke that Samsung’s budget smartphones will also feature cryptocurrency and blockchain features.


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Samsung has added two new services, “Jupiter” and “Mars,” to its blockchain and dApp software development kit

Samsung Galaxy S10 Integrates Pundi X’s Digital Currency Wallet

Samsung Galaxy S10 Integrates Pundi X’s Digital Currency Wallet

Samsung Galaxy S10 users are now able to use Pundi X’s crypto wallet and spend crypto in an associated blockchain point-of-sale device

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Smartphones manufacturer Samsung and cryptocurrency payments startup Pundi X’s new cooperation will allow users to integrate the XWallet app to their Samsung Blockchain Wallet.

In a blog post published on July 29, Pundi X revealed that it has integrated its cryptocurrency wallet solution into the Samsung’s blockchain ecosystem, thus marking growing adoption of blockchain technology. The post reads:

“Samsung Galaxy S10 users can move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which they can then use as a checking account for instant crypto transaction with Pundi X’s global payment ecosystem.”

Currently, the XWallet supports digital currencies such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), KuKoin Shares (KCS), NEM (XEM), KNC, Qtum (QTUM), as well as Pundi X’s native tokens NPXS and NPXSXEM.

The app enables users to move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which is also available with the XPOS, a blockchain point-of-sale device deployed across 25 countries.

Samsung first revealed that its new Galaxy S10 series will have wallet functions for digital currencies in February. Later in May, news broke that Samsung’s budget smartphones will also feature cryptocurrency and blockchain features. At the time, Samsung’s official said:

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada.”

Earlier in July, Pundi X announced that it integrated its crypto payments system into a device made by American point-of-sale systems producer VeriFone. The initiative aims to allow a wider network of retailers to accept payments in cryptocurrencies.


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Samsung Galaxy S10 users are now able to use Pundi X’s crypto wallet and spend crypto in an associated blockchain point-of-sale device