Samsung and SK Telecom, a South Korean telecommunications operator, has revealed the world’s first 5G smartphone with blockchain-powered ID authentication.
On May 14, it has been reported that the phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics, as the phone’s initial price is 649,000 Korean won, or $527.54 USD.
However, the company stated that the blockchain-powered system is utilized when users pay for goods and services at offline merchants with the SK Pay.
SK Telecom launches the world’s first 5G phone with blockchain-powered features to strengthen security https://t.co/ZABy1lV6Do — Cointelegraph (@Cointelegraph) May 14, 2020
Blockchain is also used to help prevent the forgery and theft of information stored on the phone. Another major feature of the phone is SK Pay biometric protection, a mobile blockchain authentication service.
SK Telecom has also noted that the phone goes up for presale on May 15, with an official launch date of May 22.
Thus, South Korea has been a benchmark in the development of blockchain-powered phones.
Source: Cointelegraph | Image: Gizchina