Samsung is allegedly making plans to develop its own blockchain network and is likely to issue its own token in the process.

A Samsung Offical Secretly Spilled the Beans

According to a recent report citing a person “familiar with Samsung’s internal situation,” the company’s blockchain division is already developing a blockchain mainnet based on ethereum. The person also noted that the development process is still in its “internal experimental” stage.

“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.” the source said.

Speaking further on the probability of the Korean electronic giant launching its own token— “Samsung Coin”

The official said:

“We expect Samsung Coin to come out in the market, but the direction has not yet been decided.”

If Samsung’s blockchain happens to be a public one, the Samsung Coin is expected to get…

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Source: https://thebitcoinnews.com/samsung-is-already-developing-its-own-blockchain-network-likely-to-launch-samsung-coin/