South Korea’s tech giant Samsung is now offering more than a dozen new apps in its Blockchain Keystore dApp store, CoinDesk Korea reported on 5 August.
The Blockchain Keystore was introduced during this year’s Mobile World Congress in Barcelona and initially hosted four applications: a password wallet, a game, a social media app and a billing app. Since March the number of available applications has increased to a total of seventeen, including a variety of products in the field of social media, crypto wallets, health, fintech, lifestyle, games, and entertainment. Samsung said in the report:
“Although other companies have not done so yet, we have already made a blockchain wallet and released it.”
The tech giant is spearheading the way for blockchain adoption, as it was the first mobile manufacturer to develop its own wallet, though the software only allows the storage of Ethereum-based ERC-20 tokens. One of Samsung’s competitors, Apple, has also recently released a “CryptoKit” for its iOS 13, which could indicate that the company is not far off from releasing a wallet of its own.
Previously, the lack of useful dApps was one of the reasons for the low number of users of the Samsung wallet, with it only having around 30 reviews in the Galaxy Store. In comparison the crypto wallet of the Google Play Store has over 60,000 reviews, and around 5 million downloads.
Last month LG Corporation also applied for the “ThinQ Wallet” trademark with the U.S. Patent and Trademark Office (USPTO). According to the filing documents, the wallet will provide settlement, brokerage and transaction services, and also includes use cases for blockchain, cryptocurrency, and the “issuance of cyber money”.