LG is working with blockchain developers to launch a rival to Samsung’s Klaytn blockchain smartphone.
Speaking to local daily news outlet Chosun on September 8th, an industry insider said LG had already held discussions with local decentralized application (DApp) developers and had worked out a use case for its future product.
Talking to the publication, he said: “LG is likely to respond to Samsung’s innovation initiative,”
The news popped a week after reports that Korean messaging service Kakao Corp. was preparing to roll out blockchain capabilities on the Samsung’s forthcoming Galaxy Note 10 smartphone.
The Klaytn Phone as it is named, the device will come with a wallet and a free handout of KLAY, the token developed by Kakao off-shoot, GroundX.