The South Korean technology giant Samsung is developing its own blockchain, on the basis of which it wants to release a cryptocurrency. About this CoinDesk reported sources familiar with the situation.
According to available information, the basis of Samsung's own network will be based on the Ethereum code base. While the project is at the stage of internal testing, but in the long term the blockchain may become public, and the Samsung Coin coin can be traded on the exchanges.
[...] I think it will be hybrid – that is, a combination of public and private blockchains. We expect Samsung Coin to come out in the market, but the direction has not yet been decided.
CoinDesk Korea's Source
Anonymous also said that the company could introduce the blockchain into Samsung Pay app, but this decision has not yet been finalized.
Recently, Samsung is increasingly interested in the world of digital currencies. So, earlier the company introduced a new Samsung Galaxy S10 smartphone with support for cryptocurrency, and also invested in a Bitcoin wallet without a secret key.