Is Samsung working on a crypto-friendly smartphone?

December 13, 2018
Darya Karatkevich

Blockchain KeyStore, Blockchain Core, and Blockchain key box, are the names of three patents recently filed by tech giant Samsung. The recent patents are causing many to wonder if the company is working on a crypto-friendly smartphone.

samsung phone

According to the report by Galaxy Club, the three patents were filed in the European Union. Each patent is focused around a corresponding app for the storage of crypto keys and assets.  If Samsung is indeed planning to develop a phone intended to store cryptocurrencies, it’ll be joining HTC and Sirin Labs, both of whom released cryptocurrency-friendly phones powered by blockchain this year.

Earlier this year Joel Snyder, senior IT consultant and contributor to Samsung Insights, published an article explaining why smartphones are the most secure systems when dealing with digital assets. According to Snyder, Trusted Execution Environment (TEE), a feature found only in phones, makes hacking smartphones much more difficult than computers and other devices.

Considering Snyder’s findings and Samsung’s recent patents, 2019 is set to be an interesting year for the integration of cryptocurrency and blockchain technology into mainstream use through smartphones.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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