The ministry of electronics and IT (MeitY) in India revealed on November 27, 2019, that the government is formulating an approach document regarding a National Level Blockchain Framework that tackles the advantage of the groundbreaking blockchain and distributed ledger technology (DLT) plus the urgent need for a collective facility for various applications.
South Korean international conglomerate corporation LG Electronics made it clear on September 15, 2019, that it is planning to release its own blockchain-based smartphone. This has therefore confirmed the rumors that has been circulating the market. The electronics giant will become one of the few mobile phone manufacturers to join the cryptocurrency industry.
The United States (US) technology giant IBM has rolled out a new blockchain project dubbed Trust Your Supplier (TYS) and multinational firms including Anheuser-Busch InBev, the UK global pharmaceutical firm GlaxoSmithKline (GSK), US technology company Cisco Systems, Schneider Electric, British telecom conglomerate Vodafone, Chinese tech firm Lenovo Group Ltd and Finnish international telecom, IT & consumer electronics firm Nokia Corporation are willing and able to use and implement this service.
The South Korean technology giant Samsung Electronics recently revealed results for of Q2 of 2019 that indicate profits are decreasing but the demand for cryptocurrency chips registered a significant increase. The company has found an increasing demand for digital asset chips.
The South Korean multinational conglomerate based in the capital Seoul, Samsung, will invest in sixth-generation (6G) networks on top of other semiconductors, and this could play a role in changing the face of blockchain technology, according to the company’s Vice Chairman Jay Y. Lee.
The South Korean technology corporation Samsung announced its intention to build in a cryptocurrency wallet in a line of new budget smartphones, based on a prototype of Galaxy S10. The conglomerate has been actively popularizing blockchain and doesn’t seem to be stopping.
The electronics bull, Samsung has officially declared that the blockchain and cryptocurrency wallet for its Galaxy S10 phone is at this time compatible only with Ethereum (ETH) and Ethereum-derived ERC20 coins. Bitcoin (BTC) and other major cryptocurrencies are not yet supported, regardless of the BTC logo surfacing on previous pre-release presentation pictures.
According to a report from SamMobile, the largest online Samsung platform, the electronics bull is considering whether to quickly integrate an effective cold wallet system into its Galaxy 10 smartphone which is launching soon. Samsung is the globe’s top manufacturer of semiconductors and smartphones.
LG Uplus Corp, a South Korean cellular carrier owned by LG Corporation, Korea's fourth-biggest conglomerate and parent firm of LG Electronics, is trying to launch a cross-carrier Blockchain-based payments service for all overseas travellers.