Altcoin News: LG Is Preparing to Launch Its Own Blockchain Smartphones

September 9, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The South Korean electronics manufacturer LG Corporation is preparing to launch production of blockchain-oriented smartphones with technology in the near future. It was reported by major Korean publication Chosun, which in turn refers to industry representatives familiar with the situation.

According to their information, LG has already conducted a study of the markets of blockchain companies and decentralized applications.

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

Another interlocutor familiar with LG’s plans said that the company “struggling to apply blockchain to smartphones without any dissimilarity.”

It became known last week that Samsung will release a specialized version of its Galaxy Note 10 smartphone, focused on working with the Klaytn blockchain of the developer of the South Korean Messenger Kakao.

Information about LG’s interest in the cryptocurrency space appeared back in July. Then, the company’s application for the registration of the ThinQ Wallet trademark was published for several application scenarios, including a “software computing platform for the blockchain”, “a mobile electronic wallet for cryptocurrencies” and a “payment application for mobile phones”. Currently, LG already uses the “ThinQ” trademark in its G7 + smartphone.

Author: Marko Vidrih