Samsung is adding to its blockchain dapp arsenal by including over a dozen new apps in its Blockchain Keystore online app market.
Launched in March 2019, Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications to a total of seventeen. The four original dapps included a password wallet, a game, a social media app, and a billing app while new dapps include an assortment of products from social media app Anpan to entertainment app The Hunters, per CoinDesk Korea.
Samsung is steaming ahead in the space. It is one of the first large companies to develop crypto-centric products with the release of the Galaxy S10 this year.
“Although other companies have not done so yet, we have already made a blockchain wallet and released it,” Samsung told Coindesk Korea.
The tech giant is building up its wallet’s features in preparation for market competition. Samsung’s wallet system only allows for storage of Ethereum based ERC-20 tokens and protocols.
The number one competitor on the list is Apple who has yet to release a wallet, said CoinDesk Korea. In June, Apple released a ‘CryptoKit’ for iOS 13, showing adoption may not be far off for the Cupertino giant.
Early last month, LG trademarked “ThinQ Wallet,” a product that market insiders believe is the foundation for a crypto wallet and ecosystem. The trademark states the ThinQ Wallet will offer transaction, settlement, and e-money services.
China’s Huawei, another of Samsung’s competitors, has not developed a cryptographic wallet too date. Speaking with CoinDesk Korea in May, Huawei said they “have no plans to put a cryptocurrency wallet on its smartphone because the Chinese government has not authorized it.”
Samsung’s efforts are, arguably, off to a slow start. There are only 30 reviews on “Samsung blockchain wallet” on the Galaxy Store while some crypto wallets on the Google Play Store have thousands.