News Technology Technology Media Telecoms

Samsung launches blockchain enabled KlaytnPhone

samsung
Today Samsung’s blockchain-enabled smartphone went on sale in its home nation of South Korea, according to the Wall Street Journal. It was developed with Ground X, a subsidiary of messaging app Kakao which recently launched the Klaytn blockchain. The KlaytnPhone is a version of Samsung’s flagship handset, the Galaxy Note 10, but comes with a cryptocurrency wallet, distributed ledger technology (DLT) apps, and free KLAY tokens. Samsung is the world’s largest smartphone manufacturer, while Kakao is South Korea’s most popular instant messenger. Its blockchain arm Ground X aims to bring DLT to the masses as its main priority, which the KlaytnPhone might just do. The Klaytn blockchain went live in late June in conjunction with firms including LG and Celltrion. While the phone appears to be a regular Galaxy Note 10, it shows the Klaytn logo on startup and has blockchain apps built-in. Apart from a cryptocurrency wallet, which it can be assumed will store the users free KLAY, it is unclear precisely what apps will be available.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.