Samsung Reveals Blockchain-Enabled Galaxy S10
- Written by TechXO Team
- Category: BlockChain
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From Huawei’s new watch to Apple’s latest iOS update, it has been a week of buzz in the technology industry. But, Samsung is the guy to watch out this week.
This week, Samsung has just announced that it is making a use case for blockchain.
Born out of the belief that “as an industry, we must support the volunteers and researchers who are building the infrastructure of the future,” seize the Samsung NEXT Stack Zero Grant fund.
From decentralized map editing to technologies that guard passive eavesdropping, Samsung supported projects are diverse. Samsung is looking forward to rewarding projects that aim to enrich the market through the fund.
Samsung NEXT Technical Director Ricardo J. Mendez, Technical Director said, “We knew from the beginning we want to reward projects that are non-commercial, doing either open source development or research in the decentralization space.”
The Stack Zero Grant is totally unfettered. It is designed in such a way that grant beneficiaries are not limited to deliverables and prospects of IPO, or other commercial moves. Samsung’s crew chose projects that enable them to monitor progress without setting targets. Even with the strict criteria posted, after being sieved, there are still several prospective projects they want to fund. In the final selection, Samsung chose projects that cover a wide range of topics with common end goals.
Mendez said, “The hope is that the Stack Zero Grant will allow these developers to continue doing what they have been doing until now, or even better like growing their platforms. In just a few weeks, we are already seeing results based on the funding. With Mastodon, for instance, its creator has announced that he will use it to compensate contributors.”
Winners can use the prize to boost in funds for whatsoever they choose to, there are no limits put out by the organizers. Some chose to offer rewards for project contributors who had to lend a helping hand in expanding their projects, while others choose to invest in the companies themselves.
Mastodon, a Twitter-like social media network that allows users to create their own servers on the platform is one of the attention-calling projects that are being backed by Samsung NEXT. Eugen Rochko, Mastodon founder, hopes that the platform will enable its users to feel more engaged when using social media, instead of feeling like a simple target for advertisers. Although Mastodon is not the first decentralized and federated social network, the platform’s prototype was not polished enough to be user-friendly for the wider market.
Rochko is emphasizing that Mastodon is not a company and has no plans to become one. Rochko said, “It is an open-source project, and there is no need or pressure to monetize the platform, and no venture capital breathing down our necks about user engagement numbers. There would not be an IPO, or an ICO, or an acquisition. The code is already free, there is nothing to acquire.”
Simply Secure, another grant beneficiary, aims to support practitioners in putting people at the center of reliable technology. Georgia Bullen, Simply Secure Executive Director, said the company was “founded based on the idea that the community was looking for support and there wasn’t another group there yet to provide it. We’ve been around a little over 4 years and have been working for projects and teams all over the world to help them address these challenges in their work.”
With the aid of the grant from Samsung the Simply Secure plans to expand how they support the community for the next few years, “This investment in our programmatic work is exciting because it enables us to continue to support practitioners and share the resources and see where the community needs help from us,” Bullen added.
The aforementioned grant projects are not the only future prospect for Samsung and blockchain. Earlier this year the tech giant announced that the Galaxy S10 is enabled with blockchain wallet, giving Samsung’s 41 million users access to the Enjin wallet.
Bancor is the brain behind the wallet.
Co-founder of Bancor Galia Benartzi said, “The industry itself is in this transition right from very early adopters and technologists and philosophers and traders and business folks on its way to hopefully making blockchain as technology and crypto as an application of blockchain. It’s becoming useful for everyone.”
It is her idea to use Enjin wallet to allure gamers in shifting to blockchain to keep, store, and swap tokens used for gameplay, and that blockchain can become more mainstream.
“Samsung has enabled a great use case by including a cool company such as Enjin where you can earn tokens or points in one game and take them through into the next. That seamless experience from game A to game B is what will bring blockchain to the masses,” Bernartzi added.
For now, users can only access its keychain in Germany, Korea, and the US.