Industry sources have cited that South Korean firm LG Electronics will possibly release new smartphones with blockchain functions soon.
LG Electronics has reportedly completed market research of blockchain companies and met with various DApp developers to discuss plans of installing blockchain features in its upcoming range of smartphones, as stated in a report published by Chosun.
An industry official disclosed that LG’s alleged plans to enter the blockchain sphere is to respond to Samsung’s innovation initiative.
Samsung has been making various moves this year related to blockchain such as equipping the Samsung Galaxy S10, S10+, and S10e smartphone models with a blockchain wallet and several DApps.
Samsung has also recently unveiled KlaytnPhone, a new variant of the Galaxy Note 10 smartphone that is pre-installed with a cryptocurrency wallet and several DApps.