In yet another move showing blockchain’s unstoppable potential, Samsung opened the doors of its decentralized app (DApp) store, Blockchain Keystore, to the Tron blockchain and smart contract platform.
In yet another move showing blockchain’s unstoppable potential, Samsung opened the doors of its decentralized app (DApp) store, Blockchain Keystore, to the Tron blockchain and smart contract platform.
Samsung Blockchain Keystore is a critical part of Samsung’s blockchain initiative and addresses some of the key security concerns presented by bringing blockchain to mobile platforms.
This is a big move.
Forbes reports that “Korean smartphone maker Samsung is beating Apple in global smartphone sales, as Chinese makers like Xiaomi, Oppo, and Huawei are closing in.” This is significant, especially since Apple is the biggest company in the world by market value (valued at nearly $1 trillion).
Since Samsung is beating Apple in the global smartphone market, it’s choice to integrate Tron is a major step. After all, this means that “TRON APIs for #TRX-based tokens & DApps could soon be accessible to around 1 billion global Samsung users”
What is the Samsung Blockchain Keystore?
Fundamentally, the Samsung Blockchain Keystore is the companies push into the blockchain sphere. And it’s an excellent push -- since it addresses a key problem holding mass adoption at bay: keeping your private keys safe.
“Samsung Blockchain Keystore is a critical part of Samsung’s blockchain initiative and addresses some of the key security concerns presented by bringing blockchain to mobile platforms. Samsung Blockchain Keystore allows security-conscious users to treat their phones like a cold wallet, storing their private information in a dedicated secure zone with the additional protection of Samsung Knox and TEE.”
Samsung is providing these safety features directly into their smartphones.
“Earlier in the year, the company announced the Samsung Blockchain Wallet App, along with the blockchain-enabled flagship Galaxy S10. The main purpose of the wallet is to allow users to make transactions in cryptocurrencies and easily access DApps on their smartphones. This is all made possible through Samsung Blockchain Keystore.”
And now, during the Samsung Developer Conference 2019, Samsung made the announcement about integrating such a cool product with Tron.
Tron is a competitor to Ethereum (ETH). It combines decentralized finance with a wider decentralized internet ecosystem focusing on smart contracts. Smart contracts which may soon be run on Samsung’s smartphones.
These announcements sent Tron (TRX) token prices soaring as high as 25% -- though part of this could also be attributed to Chinese President Xi Jinping publicly endorsing blockchain technology.
Either way, the future for blockchain technology is even more parallel to the rise of the internet in the 1990’s -- explosive and unstoppable!
