Samsung and SK Telecom, a South Korean mobile company, introduced the world’s first 5G smartphone with blockchain ID authentication.
The telephone, Called “Galaxy A Quantum”, it has a chipset for generating quantum random numbers, which was developed in collaboration with Samsung Electronics. The starting price of the phone, according to the May 14 announcement, is 649,000 won in Korea, or $ 527.54.
Blockchain functions have been integrated
The company said the blockchain system is used when users pay for goods and services at offline merchants using SK Pay. Blockchain is also used to prevent counterfeiting and theft of information stored on the phone. Another key feature of the phone is the biometric protection of SK Pay, a mobile blockchain authentication service..
The cellular company announced that the phone will go on sale on May 15., with an official release date on May 22nd.
The latest in blockchain phone development in Asia
South Korea was a benchmark in the development of blockchain phones. For example, Cointelegraph reported In 2019, the mobile phone giant LG developed a blockchain phone in response to the cryptocompatible Samsung phone Klaytn Phone.
Chinese sources reported in September 2019 that the startup, While Network launched its blockchain-based smartphone Acute Anglein Southeast Asia.
HTC announced in April a phone that would have the ability to mine Monero (XMR) through an app.
Do not stop reading: