After Samsung’s Launch of a Blockchain-Based Smartphone, Is Apple Following in Their Footsteps?

  • Apple is launching the new CryptoKit, which seems to be similar to Samsung’s Key Store.
  • Rumors suggest that Apple could either match the progress of Samsung or if they will surpass it.

The launch of Galaxy S10 by Samsung was welcomed by the cryptocurrency world, as they advertised providing a wallet that includes blockchain technology. Now, according to reports from TrustNodes, Apple may be doing something similar by launching an Apple CryptoKit framework.

Using Public-Key Cryptography to Create and Evaluate Digital  Signatures

In the new announcement of CryptoKit, there is not any mention of cryptocurrency or even blockchain technology specifically. However, the language used implies that this is exactly the topic that they are discussing. The company said that the Crypto kit allows the user to implement:

“public-key cryptography to create and evaluate digital signatures, and to perform key exchange. In addition to working with keys stored in memory, you can also use private keys stored in and managed by the Secure Enclave.”

The announcement further adds:

“CryptoKit frees your app from managing raw pointers, and automatically handles tasks that make your app more secure, like overwriting sensitive data during memory deallocation.”

As TrustNodes points out, the description of the benefits is a lot like the Samsung Key Store, which is attached to the Galaxy S10 smartphone.

What's Apple Planning Next?

Considering how competitive Apple and Samsung have been in the past, especially in their operating systems alone, it appears that the competition has moved onto cryptocurrency. Still, it is not clear if Apple will end up directly copying what Samsung has already done, or if they will try to go even further. It would be easy to push the standard further by just adding blockchain into the existing Safari browser, or even just integrating cryptocurrency into Apple Pay.

Adding cryptocurrency into Apple Pay would definitely expose the industry to more users, if the Apple proponents latch onto it.

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