Samsung works on its own blockchain network
The company plans to develop its own cryptocurrency, which will be called Samsung Coin
The South Korean multinational Samsung announced that it is developing its own blockchain network, with looks to launch in the future its own cryptocurrency.
A source very close to Samsung said that the team is working on the development of a network based on the blockchain of ethereum. At the moment the project is in experimental stage.
“Currently, we are thinking of a private blockchain, although it is not yet confirmed. It could also be a chain of public blocks in the future, but I think it will be hybrid, a combination of public and private block chains”, the source explained.
When this process is finished, the company will start working on the launch of the token called “Samsung Coin“.
At the moment the exact date of the release of this asset is not known. After this, the token could be commercialized inside the exchange houses.
The company is also managing the possibility of incorporating the option to pay with this cryptocurrency in Samsung Pay, although this is not yet decided.
K. Tovar
Source: Coincrispy
