Samsung Archives - The Block

Samsung was the most active investor in blockchain this year

Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year.

The Korean tech giant participated in thirteen funding rounds from September 2021 to June 2022 for companies including Bored Apes Yacht Club developer Yuga Labs, Axie Infinity owner Sky Mavis, and blockchain gaming company Animoca Brands.

Most of the corportation’s investments came from Samsung Next, the innovation arm of Samsung Electronics that...

22 August 2022 | Enterprise

LG Electronics expanding into blockchain and crypto opportunities

LG Electronics, South Korea’s fourth largest company, has added blockchain and crypto as new business areas to its corporate charter as part of its plan to expand beyond home appliances.

According to local news source JoongAng Daily, the two crypto-focused objectives were approved by shareholders during the company’s annual general meeting on March 24.

The objectives were detailed as “the development and selling of blockchain-based software” and “the sale and...

25 March 2022 | Blockchain Applications

Samsung SDS pilots a blockchain-based medical claims processing system

Samsung’s IT solution developer Samsung SDS is expected to roll out a blockchain-based medical claims processing system in October.Yoon Shim, a vice president of Samsung SDS, said at the Blockchain Seoul 2019 event that the firm has been piloting the system since August 2019. Samsung SDS is 22.6% owned by Samsung Electronics and 17.1% owned by Samsung C&T.

Yoon added that medical institutions and insurers have participated in the pilot to validate the effectiveness and the...