LG to Launch Blockchain Mobile Phone
September 9, 2019 9:28 pm
LG, South Korean giant is currently working with blockchain developers to launch a blockchain-based mobile phone. According to the recent report, LG had already discussed with local decentralized application (DApp) developers and worked out a case for its upcoming project.
The report says:
“LG is likely to respond to Samsung’s innovation initiative”.
The news comes a week after the Korean messaging service Kakao Corp. was planning to develop blockchain capabilities on Samsung’s forthcoming Galaxy Note 10 smartphone. Klaytn Phone, the device will come with a wallet and a free handout of KLAY, the token developed by Kakao off-shoot, GroundX.
Following an increasing number of crypto-enabled smartphone offerings, Samsung’s move could trigger a domino effect, another official suggested to Chosun.
The report added:
“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.”
LG’s has not revealed whether its future offering will become internationally available. The Klaytn Phone will only be accessible on the domestic South Korean market.