Photo Credit To Kārlis Dambrāns Via Flickr

A South Korean local media recently states that Samsung’s closest rival, LG Corporation is likely to launch its own blockchain phone anytime soon. The report comes in a wake of trending talks on Switzerland-based Sirin Labs’s Finney Phone and Sunsung’s blockchain version of Galaxy Note 10 smartphone, KlatynePhone.

While the recent report unveils that the Sirin Labs’s Finney Phone is entering the Bangladeshi market in next month – the other report hints that the LG has already completed market research of blockchain companies and decentralized apps (dApps). The source reads;

“LG is likely to respond to Samsung’s innovation initiative,”.

Echoing a similar concern, the LG official told the media “the company is seeking for innovative features for its smartphone that doesn’t bear similarities of the existing blockchain-phones. The official states;

Company is struggling to apply blockchain to smartphones without any dissimilarity”.

However, LG isn’t a new firm to blockchain industry rather the firm has been exploring the various avenues to take the crypto and blockchain markets by storm. If the anonymous insider’s report is believed to be true, the crypto and tech market will soon witness another blockchain-enabled smartphone which opens a new doors that will boost the whole crypto ecosystem.

Earlier, LG’s blockchain arm, LG CNS appeared with the launch of a blockchain-based product dubbed as “Monachain”, intending to digitize supply chain management, financial and manufacturing services.

LG’s entry into the blockchain-mobile era is quite interesting as HTC is already released its blockchain-smartphone, Exodus, Samsung is live with its KlaytnPhone and Sirin Labs’ with its Finney Phone. A handful of companies launching the crypto-friendly Smartphone mean the prevention of monopoly and meantime, this gives ample opportunities for users to research smartphones of these companies and select one that best suits his expectations.

If at all LG launches its own blockchain oriented smartphones, it remains to see what unique features and functionalities it might accompany.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like
TradeStation Crypto And Zero Hash Plan To Scale Crypto Lending

TradeStation Crypto And Zero Hash Plan To Scale Crypto Lending

TradeStation Crypto announced that it was collaborating with Zero Hash on a new…

Binance Launches Crypto Exchange Arm in South Korea

In a wake of unconfirmed update on Binance opening Bejing office, the…

Samsung Collaborates With Gemini To Support Crypto Trading

Samsung, a major electronics manufacturer based in South Korea, recently revealed that…
Elliptic Flags Crypto Wallets Containing Millions Of Dollars From Sanctioned Russians

Elliptic Flags Crypto Wallets Containing Millions Of Dollars From Sanctioned Russians

Elliptic, the blockchain analysis firm, claims to have uncovered millions of wallet…
How Can Blockchain Be Used To Support Sustainable Business Practices?

How Can Blockchain Be Used To Support Sustainable Business Practices?

Innovative blockchain solutions are paving the way for sustainable business practices, revolutionizing…

PwC Launches Tool for Performing Crypto Transaction Audits For Data

Ten years ago when Bitcoin was introduced, perhaps not everyone knew the…

COVID-19: Ongoing Impact On the Crypto Industry

There is a lot of news coming out every day regarding COVID-19…

Is Bitcoin About To Enter A Major Industry Shift – Or Will Altcoins Replicate 2017 Bull Mode?

Photo Credit To Smith Kerry Via Flickr Follow Visionary Financial (VF) on Twitter…
Why Smart Contracts Make Sense For Real Estate Markets

Why Smart Contracts Make Sense For Real Estate Markets

Crypto and blockchain are not only applicable to the financial industry. They…

AgriChain Receives $4 Million in Funding, Applying Blockchain Supply Chain Solutions in Agriculture

AgriChain, an Australian blockchain startup focused on the Agriculture sector, recently received…