Samsung has been listed as one of the world’s top 50 blockchain companies.
The ‘Forbes Blockchain 50’ list, released on Monday, revealed the top 50 large companies that are leading the way in adopting blockchain systems.
Forbes highlighted how Samsung uses blockchain in its integrated user authentication system, eliminating the inconvenience of having to log in each time.
An industry official said Samsung Electronics had introduced a ‘block chain key store’ application on smart phones and that Samsung affiliates are engaged in related R&D.
According to market research firm IDC, global spending related to blockchain this year is expected to reach 2-billion-9-hundred-million U.S. dollars.