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Samsung allegedly looking into blockchain adoption

Monday 29 August 2016 09:49 CET | News

The Samsung Group has allegedly started looking to jump on the blockchain bandwagon.

Local media in South Korea also reported Samsung Group is planning to set up a blockchain system among its financial subsidiaries as early as October 2016, to expand it to diverse financial services in 2017.

The CEOs of Samsung Group subsidiaries attended a lecture on blockchain at Seoul National University, but a Samsung Group spokesman has denied this local report, saying the lecture was aimed at informing group executives about the “basic concepts” of blockchain.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, blockchain
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3