South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. The inclusion of blockchain storage security in its new flagship devices confirms Samsung’s continuous adoption of crypto and blockchain technology.
Ensuring Your Blockchain Private Keys are Safe
Samsung recently revealed the range of the S20 Galaxy phones on its website, which include the Galaxy S20, S20+, and S20 Ultra. While the website promoted details such as longer battery life, massive storage, and improved camera, there was also the part about crypto key storage protection.
The website stated thus:
“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.”
Also, the company boasts that the Galaxy S20 range has an upgraded security system, which means that users can rest assured that their private keys are safe from theft or hacks. The Knox security feature was also installed in the Galaxy S10 range of phones to ensure that users’ blockchain private keys were secure.
Integrating blockchain technology and cryptocurrency into its phones is not novel for Samsung, as the company as shown itself as an advocate of blockchain technology and virtual currency. The company’s Blockchain Keystore initially supported only Ethereum and ERC-20 tokens but later integrated bitcoin to the Galaxy S10 models and the Galaxy Note 10.
Furthermore, Samsung’s ICT department, Samsung SDS partnered with the telecom service company, Syniverse, to launch a blockchain-based platform that would make mobile payments easy and smooth.
Per a recent report on BTCManager, the Origin Protocol became available on the Samsung Blockchain Wallet.
Blockchain-Powered Smartphones on the Rise
Apart from Samsung, there have been other mobile phone manufacturers that have ventured into the blockchain and crypto space, creating blockchain-based mobile phones.
Taiwanese electronics manufacturing giant, HTC, back in July 2018, revealed intentions to launch its blockchain-powered smartphones called the HTC Exodus. Later the company partnered with Bitcoin.com to integrated bitcoin cash (BCH) to Exodus 1.
In November 2019, HTC and Binance exchange came together to roll out a limited edition of its Exodus 1, which supports the Binance Chain blockchain and Binance DEX.
Also, the blockchain company, PundiX, back in 2019, released the XPhone, Africa’s first blockchain-powered phone.