Smasung Electronics has begun to register trademarks related to blockchain technology in Europe, spawning speculation that the Korean tech giant may release a Galaxy smartphone based on blockchain.
According to foreign news media outlets on Dec. 13, Samsung Electronics filed applications for three trademarks with the European Union Intellectual Property Office (EUIPO) on Dec. 10. The three were Blockchain Keystore, Block Chain Key Box and Blockchain Core. They were referred to as a software application for mobile devices to be applied to smartphones, a computer software platform and application software, respectively.
This move is fueling foreign news reports that Samsung Electronics will launch a Cold-Wallet application service and may apply it to the Galaxy S10 which will launch next year. Cold-Wallet is a way to store cryptocurrencies in a hardware device separated from an online network. Unlike Hot-Wallet that connects to an online network, Cold-Wallet boast better security as it manages cryptocurrencies in an offline state and connects to the Internet only when trading cryptocurrencies. It is not clear yet whether Samsung will apply this technology to the Galaxy S10, which will be released in February next year or models after the Galaxy S10.
Some experts in the IT industry say that Samsung will enhance the security of its biometric service 'Samsung Pass' by applying blockchain technology to it.
In the smartphone industry, experts say that Samsung Electronics' trademark registration will trigger the launches of blockchain smartphones. HTC of Taiwan and Sirin Labs of Israel released Exodus One and Finney as blockchain smartphones, respectively. But no major smartphone maker has launched a blockchain smartphone model yet.