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.

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    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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