• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Samsung started to develop its own Blockchain

Written by:
Aeon Flux
Published on:
17 October 2020
Thoughts:
No comments yet

Sophia Casey

Every big firm is now plunging into the pool of Blockchain. The technology has taken the world by storm, and we have seen some huge transformation across the different industrial segments. The latest name that has emerged is Samsung. South-Korean electronics giant Samsung has started to work on Ethereum-based Blockchain, and the company also aims to issue its token down the line.

1. Investment in Blockchain-specialized start-ups and tools- Samsung has already made an investment of USD 8.1M in a Blockchain-based company Blocco and $4M in ‘KZen Networks.’ It has also partnered with HYPR, a Blockchain biometric encryption firm in the US, and Samsung has invested around $1M in it.

2. Developed its own Blockchain-based on Ethereum-Another leap that Samsung has taken in the world of Blockchain is in developing its Ethereum-based Blockchain. Samsung has also announced working on launching its crypto token, “Samsung Coin,” which can be used for crypto exchange or as a solution in the Samsung Pay app.

3. New products for Blockchain Integration- Samsung will also be launching new products that will simplify the Blockchain integration process with other platforms.

4. Release of Software Development Kit or SDK-Companies are now actively hiring Blockchain developers and Blockchain experts. Samsung has also unfolded a new set of opportunities for the Blockchain developer; the reason for this is the Software Development Kit, which has many tools and has a lot of functionalities to develop Blockchain and decentralized applications. SDK would require Blockchain development and experts, which can ensure seamless transfer API for every cryptocurrency. Software developers can use the payment gateway provided by SDK.

These significant initiatives taken by Samsung show that blockchain technology is taking a big leap and is making its way into mainstream technological development. It has also created a new scope of work and opportunities for tech experts.

In the times to come, we will witness a growing demand for blockchain professionals and Blockchain experts who can help in leveraging this technology. It has also led to the rise of Blockchain certification courses.

The primary reason for growing inclination towards Blockchain is that it is a decentralized technology which ensures faster transaction and complete data security. All these features are a must for any business, and hence Blockchain becomes the hot favorite of most businesses. Companies like Microsoft, Facebook, Samsung, IBM, Wallmart are just a few of the big names that have made their way into the Blockchain technology and are exploring its usefulness.

Blockchain certification is something that you need to consider if you wish to make big as a Blockchain developer. Blockchain Council provides online Blockchain certification, which makes it easy for you to start learning in your comfort zone. Blockchain certification offered by Blockchain Council is a blend of classroom learning and practical learning, thus making you adept with all the concepts related to Blockchain. So, don’t delay your success journey; enroll for the Blockchain certification program today.

Categories: Ethereum, News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,396)
  • Ethereum (1,614)
  • News (5,010)

Recent Posts

  • Best Stocks Expected to Boom in 2023 7 May 2022
  • How soon before the US$’s reign as the world reserve currency is over? 7 May 2022
  • What You Need to Know About the Era of “Play-to-Earn” Crypto Gaming 7 May 2022
  • Interview with Ian Manson, Storyboarding and World Builder at JustAGame 6 May 2022
  • NFT Marketplace Development — The New Crypto Wave In The Digital Spectrum 6 May 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web