25.10.2020

Samsung Adds Tron Dapps to Galaxy Store

Tron founder Justin Sun said the collaboration with Samsung was going “to the next level by integrating both ecosystems together.” When the partnership was first unveiled back in October, the two companies released a software development kit (SDK) that gave users direct access the Tron blockchain via their Samsung devices.

Samsung has added support for Tron-based dapps to its proprietary Galaxy Store, granting smartphone and tablet users in both Europe and the U.S. access.

Tron said Monday Samsung smartphone and tablet users would be able to download these dapps from a dedicated section of the Galaxy Store.

On-chain games, such as Blockchain Cuties and Super Player, would be available from the store from Monday, with other dapps slated to be added in the near future, Tron added.

At the time, Samsung appeared to limit its support to wallet services.

Sun said dapps being available through the Galaxy Store – one of the largest app stores in the world – would be an “incredible opportunity” for the Tron ecosystem to present itself in front of a whole new userbase, some of whom may not necessarily have come across blockchain before.

Samsung is one of the world’s largest smartphone companies. It shipped more than 295 million smartphones in 2019, more than 100 million than rival Apple. Galaxy Store comes as standard on most Samsung handheld devices.

CoinDesk reached out to a Samsung spokesperson for comment but had not received a response by press time.

Samsung Continues Support for Crypto with New Flagship Smartphone

Samsung Electronics’ newly launched Galaxy smartphone will come with the same crypto storage facilities found on previous models.

Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.”

Although Samsung gave much more website real estate to the S20’s improved battery-life and picture-capturing capabilities, the reference to private keys suggests Samsung’s new model will continue to have the same cryptocurrency storage facilities found in previous models.

Cryptocurrency private key storage will be available as standard across the entire S20 range.

Samsung first added support for cryptocurrencies in March 2018, when it integrated a wallet device into its then-top model, the Galaxy S10. In July, the company introduced a developer kit that allowed third parties to create specially designed dapps for the phone. One such dapp allowed users to pay for goods and services in stored cryptocurrencies by scanning a merchants’ QR code.

At the time of launch, the wallet was only compatible with ether and ER20 tokens, but Samsung added support for bitcoin in September and included TRON later that year in October. Although initially exclusive to the S10 range, the company said in May that it wanted to “lower barriers” and add cryptocurrency support for some of its more budget models.

The S20 range is expected to go on sale on March 6.

Securities Numbering Body Launches Task Force to Standardize Digital Assets

The Association of National Numbering Agencies (ANNA) has launched a task force to address digital asset labelings across financial markets.

Announced Wednesday, the new task force will consider appropriate International Securities Identification Numbers (ISINs) employed by the International Organisation for Standardisation (ISO), an international body which promotes standardizations across global enterprises.

The task force will investigate digital asset labels for cryptocurrencies, tokens, and blockchain technology as it intersects with financial markets, the association said.

While most crypto exchanges use a standardized set of ticker symbols, there are some discrepancies that will need to be overcome if traditional financial exchanges are to eventually deal with digital assets. For example, bitcoin, the top cryptocurrency by market cap, has traditionally been labelled BTC, but more recently XBT has been used due to its similarity to gold’s ticker, XAU.

Speaking on the announcement, ANNA executive director and secretariat Uwe Meyer called the task force a step forward for traditional markets recognition of the emerging asset class:

“With digital assets emerging as a new investment class, the availability of quality, standardised reference data will serve as the foundation for a trusted token market … This evaluation process on digital assets is an important part of that journey.”

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