LG follows Samsung into the blockchain phone market
The technology giant is going to introduce its own blockchain smartphone
There had already been a few blockchain phones introduced, such as the Finney, when Samsung decided to take a step into the cryptocurrency space with its own version. Unlike Samsung, though, the previous versions were way overpriced and didn’t inspire a lot of confidence. Now that more companies are beginning to see the value of blockchain technology and are realizing that it’s here to stay, Samsung is getting some real competition by a competitor who has almost as much smartphone clout as it does. LG has announced that it is preparing a new blockchain smartphone.
LG has reportedly already held talks with developers of decentralized applications (Dapps) that would be part of the phone’s core. The news comes following a recent announcement that Samsung and its Galaxy Note 10 will feature blockchain capabilities provided by Kakao, a South Korean messaging service.
There still is a lot that isn’t known about what exactly LG has in mind, but it’s common to see the two companies go back and forth as they vie for a lead in the technology realm.
One individual has stated, “I think Samsung is trying to prepare differently in the blockchain field, just as LG responded with a dual screen when Samsung Galaxy came out with a foldable phone.”
Competition is always healthy and leads to more innovation. Seeing both Samsung and LG get in on crypto with their smartphones is a huge sign of how far blockchain has come in such a short time and is indicative of what’s in store for the future.