Samsung introduced various blockchain-related features with the Galaxy S10. All models of the device feature the Blockchain Keystore. For users, this means compatibility with ERC-20 tokens and dapps, among other things. The company has only dabbled in blockchain technologies, but future devices could include even more features. Many companies benefit from these actions, including consumers and the blockchain assets themselves.
Is LG Preparing To Jump Into The Blockchain Game?
According to recent reports, LG has been preparing to take the fight to Samsung here. A handful of current initiatives within the company focus on blockchain tech. Users in the US could soon have access to a “ThinQ Wallet” for asset storage. However, LG has faced certain difficulties in differentiating its blockchain features from those of Samsung. An entire device dedicated to blockchain technology seems unlikely at this point.
LG: A Tale Of Reactionary Developments
LG tends to react to Samsung’s latest feature introductions rather than innovate their own. When Samsung released the Galaxy Fold, LG responded with a dual-screen device. A few generations ago LG attempted to introduce a modular phone into the market. Unfortunately, that project soon fizzled out. The company has spent the years since then following in Samsung’s footsteps more so than innovating its own path forward.
Other Manufacturers Continue To Embrace Blockchain Capabilities
More and more companies continue to release blockchain-empowered devices and software. For instance, the HTC Exodus included its own secure token wallet and other dedicated blockchain features. Sirin Labs released the Finney blockchain smartphone with similar features and a similar focus. A handful of other devices on the market focus on blockchain tech, and further devices are sure to follow in their footsteps.
Will LG See Success With Its Blockchain Efforts?
It remains to be seen how well LG’s potential blockchain venture plays out. Blockchain capabilities remain as popular as ever with smartphone manufacturers. Nonetheless, the average consumer doesn’t necessarily care about these features. LG smartphones no longer carry high prestige and admiration among consumers. Therefore, any device from LG may struggle to find traction in the market, and that could spell trouble for the company.
