In line with a recent ‘report‘ published, leading electronics giant namely ‘Samsung’ is developing a complete public-private blockchain with its own cryptocurrency token.
This new project, a part of an undertaking by the company’s dedicated ‘blockchain‘ division, that would see a blockchain mainnet based upon the Ethereum [ETH] blockchain, along with its new cryptocurrency token called ‘Samsung Coin’.
“We expect Samsung Coin to launch out within the market, however the directions for this purpose has not been yet disclosed,” the source in link with the plans, told the publication.
This news, is yet not officially confirmed by Samsung, and comes as Samsung continues its numerous forays within both the blockchain and ‘cryptocurrency‘ spheres.
Earlier this month, Samsung revealed a fresh signal regarding its belief within the long-term profitability of the rising phenomena as it ‘participated‘ in an exceedingly $4 Mln investment spherical in smartphone-based wallet application dubbed ‘ZenGo’.
Samsung’s prevailing enterprise ‘blockchain‘ offering namely Nexledger, additionally continues to visualize uptake from entities globally, most recent of which came within the form of Indian IT giant Mahindra.
The Ethereum [ETH] supported offering would be in the meantime, possibly incorporate components of both public and private blockchains, with exact details similarly still upcoming.
“Presently, we are thinking of private blockchain, although it’s not yet officially confirmed,” the source added. The source continued:
“It may even be a public blockchain within the future, however i believe it’ll be hybrid – which would be a mixture of both the public and private blockchains.”