South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. The inclusion of blockchain storage security in its new flagship devices confirms Samsung’s continuous adoption of crypto and blockchain technology.
Ensuring Your Blockchain Private Keys are Safe
Samsung recently revealed the range of the S20 Galaxy phones on its website, which include the Galaxy S20, S20+, and S20 Ultra. While the website promoted details such as longer battery life, massive storage, and improved camera, there was also the part about crypto key storage protection.
The website stated thus:
“We created a secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private.”
Also, the company boasts that the Galaxy S20 range has an upgraded security system, which means that users can rest assured that their private keys are safe from theft or hacks. The Knox security feature was also installed in the Galaxy S10 range of phones to ensure that users’ blockchain private keys were secure.
Integrating blockchain technology and cryptocurrency into its phones is not novel for Samsung, as the company as shown itself as an advocate of blockchain technology and virtual currency. The company’s Blockchain Keystore initially supported only Ethereum and ERC-20 tokens but later integrated bitcoin to the Galaxy S10 models and the Galaxy Note 10.
Furthermore, Samsung’s ICT department, Samsung SDS partnered with the telecom service company, Syniverse, to launch a blockchain-based platform that would make mobile payments easy and smooth.
The Origin Protocol became available on the Samsung Blockchain Wallet.
Samsung Hops on the Crypto Bandwagon
The futuristic smartphone also mentions it “is the first cold wallet phone with key recovery.” This function is already a notable achievement because the one thing that keeps other crypto wallets from perfection is the absence of recovery keys. As many are aware, once a user loses their private key, it’s gone forever. The company’s chief crypto officer Phil Chen stated:
“In the new internet age, people are generally more conscious about their data. This is a perfect opportunity to empower the user to start owning their digital identity. The Exodus is a great place to start because the phone is the most personal device, and it is also the place where all your data originates from. I’m excited about the opportunity it brings to decentralize the internet and reshape it for the modern user.”
If this is n’t news enough, the company is also said to be partnering with CryptoKitties. CryptoKitties are collectibles that exist in a game, on the Ethereum blockchain, where developers proficient in Dapps can breed and collect these graphic kitties. Around the end of last year, these collectibles choked the network.
In May 2018, the company stated, “We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub.
Blockchain-Powered Smartphones on the Rise
Apart from Samsung, there have been other mobile phone manufacturers that have ventured into the blockchain and crypto space, creating blockchain-based mobile phones.
Taiwanese electronics manufacturing giant, HTC, back in July 2018, revealed intentions to launch its blockchain-powered smartphones called the HTC Exodus. Later the company partnered with Bitcoin.com to integrated bitcoin cash (BCH) to Exodus 1.
In November 2019, HTC and Binance exchange came together to roll out a limited edition of its Exodus 1, which supports the Binance Chain blockchain and Binance DEX.
Also, the blockchain company, PundiX, back in 2019, released the XPhone, Africa’s first blockchain-powered phone.