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Samsung's new flagship product, the Galaxy S10, includes a portfolio for storing encrypted parts and can run applications based on blockchain technology.
The representatives of Samsung did not mention anything in the Galaxy S10's official presentation concerning the support of the blockchain and cripto parts that it includes, so that this information is known almost a week after the launch.
The Galaxy S10 includes a virtual wallet that supports Bitcoin, Ethereum and Cosmo Coin. The latter is a monetary crypto used in the field of cosmetics.
Samsung has opted for a so-called "cold storage", which means that the wallet is not connected to the Internet, but only to the phone.
The Galaxy S10 can also be used for the payment of contactless virtual coins (in areas where Samsung Pay is installed and for merchants who carry these coins).
Another important problem in which Samsung has entered the official presentation of the phone is that the Galaxy S10 supports some decentralized applications (Dapps).
For example, in South Korea, S10 will include the Cosmee decentralized application. This app pays Cosmo virtual coins to users who write reviews for the beauty products used.
In this case, the nature of the blockchain technology helps to create a sense of confidence in the analyzes provided, because they are related to the identity of the actual users and leave no room for false anonymous evaluations.
Samsung is one of the first major manufacturers to include in its flagship product a support for decentralized applications and virtual parts, which could attract other heavyweights for these technologies.
Before Samsung, HTC and Sirin Labs are considered two of the pioneers of smartphones supporting financial products and based solely on the blockchain.
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