Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones.

Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the ‘blockchain smartphone’ market following the recent release of HTC’s Exodus 1 and Sirin Labs’ FINNEY, both of which also offer crypto custody.

Dutch tech news blog Galaxy Club reports that the three requested patents are called ‘Blockchain KeyStore‘, ‘Blockchain key box‘ and ‘Blockchain Core‘ – names that clearly hint at the direction the world’s largest smartphone maker is taking. The timing of the news again underlines the fact that despite the well-documented woes of the crypto market in 2018, a number of influential businesses like Samsung and HTC believe that cryptocurrencies and blockchain technology will be key growth drivers going forward, and are investing accordingly.

Samsung Betting on Crypto?

Citing an unnamed source in its report, Galaxy Club claims that Samsung is planning to release more information about its interest in developing a range of smartphones with specialist cryptocurrency and blockchain functionality as part of the company’s ongoing mini crypto pivot.

In July, CCN reported that Joel Snyder, a senior IT consultant, a contributor to Samsung Insights published a paper revealing that for the purpose of crypto storage, smartphones offer significant security advantages over laptops and other devices because of the existence of Trusted Execution Environment (TEE) which isolates execution from internal memory, making it close to impossible for hackers to steal data such as crypto wallet private keys.

In line with this, Samsung may be gambling on the adoption of cryptocurrencies as the next big user evolution that will drive sales of its smartphones. Indeed the descriptions provided in the trademark request directly allude to its intention to build blockchain related solutions for mobile devices. For now it is unknown whether Samsung intends to offer these services on any of its upcoming models such as the Galaxy S10 which is set to launch soon.

The trademark requests bring up a busy year of cryptocurrency-related activities for the South Korean conglomerate, which has not been put off by the difficult year for investors. In September, CCN reported that Samsung signed a deal with Canadian bitcoin mining company Squire to design and manufacture new ASIC chips for their operations which would enable them compete against Bitmain’s Antminer series.

This post is credited to ccn

Ten years ago, consumer electronics manufacturer HTC made history when it released the HTC Dream, the first commercial device to utilize the Android operating system. A few months later, another monumental event took place, when Bitcoin creator Satoshi Nakamoto mined the BTC Genesis Block, birthing what Phil Chen — HTC’s “chief decentralized officer” — coined a “quiet revolution.”

Now, a decade later, HTC hopes to marry those two revolutions in the Exodus 1, the first “blockchain smartphone” produced by a mainstream electronics manufacturer. Chen unveiled more information about the much-anticipated device on Wednesday at Slush 2018 in Helsinki during a presentation that featured an appearance from Litecoin creator Charlie Lee.

Crypto Can Rescue Users from Digital ‘Feudal System’

charlie lee litecoin phil chen htc exodus 1
Charlie Lee (left) and Phil Chen (right)

Speaking at the event, Chen said that HTC believes in an “open internet,” and just as the Dream became the first commercial smartphone to feature an open-source operating system, the Exodus 1 will be an important first step to helping users reclaim their personal information and digital identities from the “tyranny” of technology.

“This whole movement has been hijacked,” Chen said, arguing that the world’s seven largest tech conglomerates had turned the digital world into a new “feudal system.”

“This thing that was open source became a railway to owning all of our digital identities, all of our digital personal data, and all of our digital assets.”

Chen said that, if made available to consumers through user-friendly devices, blockchain technology can change that by giving users control of their private keys.

HTC Exodus 1: First Look

htc exodus 1 slush 2018
HTC Exodus 1 | Slush 2018

Today’s HTC Exodus 1 demo comes less than a week after upstart smartphone manufacturer Sirin Labs — who says that it raised more than $157 million through an initial coin offering (ICO) — formally released the FINNEY, which it claims is the “world’s first blockchain smartphone.”

From a visual standpoint, the Exodus 1 is at first glance much sleeker than the FINNEY, though — unlike the Sirin Labs device — it does not appear to feature a true cold storage wallet. Instead, the Exodus 1 stores private keys in a secure enclave called Zion, which isolates them from the remainder of the operating system. While perhaps less secure than cold storage, it is a significant step up from the software wallets — whether custodial or non-custodial — where most mobile users currently store their cryptocurrency funds.

Both phones feature flagship specs, and — at least right now — both can be pre-ordered exclusively with cryptocurrency, with estimated ship dates by the end of the month. During his presentation, Chen formally announced that, in addition to bitcoin and ethereum, users can purchase the Exodus 1 with litecoin at a fixed rate of just under 20 LTC.

This post is credited to ccn