Samsung plans to Launch Samsung Coin
According to the recent news Samsung (a South Korean technology giant) may have ended up with the development of it’s of Blockchain system available to both its private and public population.
These are the details shared by an anonymous source to one of the crypto industry outlets on the 24th of April.
Putting all the sources together it seems that the company’s Blockchain division is based on the Ethereum Blockchain Mainnet(ETH) which will most probably be dubbed with Samsung’s new asset Samsung Coin.
There are chances that the coin will be seen very soon in the market but as per the sources, no further support and directions for the release are yet to be decided.
Looking at the unofficial news about this are that Samsung had still continued its various operations in both Blockchain and Cryptocurrency spheres.
The company came into the spotlight and also gave a fresh signal for there coming innovation by showing emergence in a $4 million investment round in smartphone-based crypto wallet named ZenGo.
The uptake from world entities like Mahindra( An Indian IT Giant) is already progressing with Samsung’s existing Blockchain offerer Nexledger.
This Ethereum based offering will most likely to incorporate the elements of public and private Blockchains but the exact details are still to be confirmed.
To this a source added that
“It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.”
