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Samsung Integrates Tron Support to Its Blockchain Keystore

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by Teuta Franjkovic · 3 min read
Samsung Integrates Tron Support to Its Blockchain Keystore
Photo: Shutterstock

Tron became the fourth coin available on the Blockchain Keystore, following Ethereum (ETH), Bitcoin (BTC) and Klaytn (KLAY).

South Korean technology giant Samsung announced it decided to integrate Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore.

According to a release note published on Tuesday, Samsung Blockchain Keystore SDK v1.2.0 will now engage APIs that support TRX transactions.

Samsung revealed its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019 today. The truth is, bringing blockchain technology to mobile has been a challenge for quite of time now since the majority of blockchain apps have been only web or PC-based (for security reasons).

Since now, the mobile platforms haven’t been offering something to hold for regarding the secure key storage for example. On the other hand, it’s almost impossible for a hacker to break into a blockchain without having the blockchain’s public and private keys. Therefore, Samsung decided to launch its Blockchain Keystore earlier this year just because, as they said from the company, it wanted to address these problems and make mobile devices a secure platform for cryptocurrency.

Earlier this year, the company presented its Samsung Blockchain Wallet App, together with the blockchain-enabled smartphone Galaxy S10. The main purpose of the wallet was to allow users to make transactions in cryptocurrencies and easily access DApps on their smartphones. This has all been made possible through Samsung Blockchain Keystore.

From the company, they said that SDK is “a comprehensive solution that tackles two of the biggest obstacles in expanding the DApp ecosystem: security and the complexity of building a mobile-compatible DApp. The new SDK not only allows DApps, many of which are web-based, the ability to seamlessly integrate their apps into mobile space, it is also highly attractive for legacy apps that want to integrate blockchain features, such as enabling payment with cryptocurrency.”

Be it as it may, the new Tron integration means that APIs for all tokens that comply with the TRC10 or 20 standards, together with the Tron-based DApps, are composed to become reachable to everyone who has the Blockchain Keystore among Samsung’s almost one billion global smartphone user base.

Justin Sun, the CEO of Tron, had tried to pump the whole thing this week by saying Tron is entering an undisclosed partnership with the “hundred billion USD megacorporation.”

And he was right because, as of August 2019, Samsung has a market value of $272.4 billion and, as per last information it will beat the earnings expectations in the third quarter. In its earnings guidance, the company stated that its consolidated operating profit is expected to come in at approximately 7.7 trillion won ($6.4 billion).

Sun said:

“This is a remarkable milestone for TRON, and I’m thrilled to have this opportunity to work with Samsung. We are totally in line with and will support Samsung’s vision and strategy on blockchain technology exploration.”

As we already reported, Tron has recently removed Ether (ETH) from the second spot on the latest crypto rankings report from China’s Center for Information and Industry Development (CCID).

Yesterday, TRX reported gains of as high as 25% against the U.S. dollar and at the time of writing it grew by 7.66%, possibly because of a combination of Sun’s tweet and a milestone endorsement of blockchain technology that Chinese President Xi Jinping made last Friday.

Altcoin News, Blockchain News, Cryptocurrency news, Ethereum News, FinTech News
Teuta Franjkovic

Experienced creative professional focusing on financial and political analysis, editing daily newspapers and news sites, economical and political journalism, consulting, PR and Marketing. Teuta’s passion is to create new opportunities and bring people together.

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