Samsung Electronics has selected the blockchain technology as the future growth engine and has established medium and long term business strategies. Blockchain Task Force, which was operated as a temporary organization, was reorganized into an official Blockchain Development Group.
Blockchain-based fintech, health care, and authentication services will be gradually implemented in the Galaxy smartphone series through the Blockchain Development Group.
■Strengthening the security of blockchain key with Galaxy S20
Samsung Electronics has officially launched the Blockchain Development Group by putting together researchers who have been working on the blockchain development at various department of its wireless business division.
The head of the Blockchain Development Group was assigned to a senior-level crew, a former developer, and the size and specific roles of organization were not disclosed. A number of officials said, “We cannot disclose the status of internal organization.” “We reviewed the blockchain platform and services through TF for 2 years, and we decided to allocate budgets and workforce to promote it as a medium and long term business,” they added.
The first major project of Blockchain Development Group involved the 5G mobile phone “Galaxy A Quantum,” which has recently been released in cooperation with SK Telecom, and the “Galaxy 20”. In particular, the company said a blockchain key played an essential part in strengthening the security of the Galaxy 20.
The company said, “With the increase in mobile services, it is becoming more common to store important information in the smartphone, such as a blockchain key that is similar to the password of a virtual asset wallet.” “As the hacking risk has increased, Galaxy 20 is equipped with an enhanced security processor including Samsung Knox to prevent the leakage of blockchain keys and sensitive information,” they added.
■Blockchain technology is applied to Samsung Pay, Samsung Health and Samsung Pass
Samsung Electronics has loaded ‘Samsung Blockchain Keysotre’ and ‘Samsung Blockchain Wallet’ on its smartphone Galaxy series. Samsung Blockchain Keystore is a space where private keys for using DApps are safely stored. Samsung Blockchain Wallet supports remittance and payments of virtual assets such as Bitcoin (BTC) thorugh biometric recognition such as fingerprints.
The company is expected to apply blockchain technologies based on ‘Samsung Blockchain Keystore’ and ‘Samsung Blockchain Wallet’ to key applications for Galaxy smartphones such as ‘Samsung Pay’ and ‘Samsung Health’. For example, blockchain-based overseas remittance and mobile health care.
In addition, the company has expanded the scope of support for Software Development Kit (SDK) for Samsung Blockchain Keystore not only to Bitcoin and Ethereum but also to Klaytn, a blockchain platform developed by Kakao GroundX, in an attempt to expand Galaxy smartphone-based blockchain services. The company is highly likely to take the lead in developing mobile electronic certification (decentralized identification or DID), which is needed for blockchain-based finance and games, through Galaxy smartphones. Previously, Samsung Electronics obtained temporary permission for a mobile driver’s license verification service based on its own authentication service called “Samsung Pass”.
Kim Mi-hee(2020.05.26) 삼성전자, 블록체인 사업 정규조직으로 편입,,,미래 먹거리로 키운다
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