Samsung Submits A New Patent For Blockchain-Enabled Solid State Drive and Switch

Samsung, the electronics giant from South Korea, has recently decided to file a new patent for a new solid-state drive (SSD) that would use the blockchain technology.

According to Decenter, a local industry-focused paper, the company has asked for the patent at the beginning of the year. The main goal of the new project is to improve how quickly people can access data on the blockchain. However, details about the project are still sparse at the moment.

Samsung is set to use “Field Programmable Gate Arrays” in this project, which are processing devices that are not completely different from ASIC miners, but they are not really used for the same exact purposes. These devices can be used for complex calculations and they adapt to different algorithms very quickly.

With the specific features designed by Samsung, these are set to be less efficient than ASIC chips, but far more versatile than they are.

Samsung and the Crypto World

It is no secret that Samsung is currently taking the crypto market very seriously. The company is already one of the biggest players in the electronics market and it is integrating the technology into its products quite quickly.

For instance, the company was responsible for the launch of Pundi X’s XWallet app last month, which can be used on the official Samsung Blockchain Wallet.

This path is certainly seen as profitable by the company and means that Samsung will possibly continue to move forward with its crypto products for quite some time yet.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide