Samsung May Issue Own ETH-Based Token

Anonymous also said that the company could introduce the blockchain into Samsung Pay app
24 April 2019   296

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.

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   200

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.
 

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.