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Scamsung Coin? Troll Tries To Trademark Coin Not Affiliated To Samsung

Cryptocurrency

Someone applied for the trademark “Samsung Coin” with the Korean Intellectual Property Office (KIPO), looking for the trademark in Korean and in English.

However, the Korean tech giant Samsung said that this person is not affiliated with them in any way at all. The trademark was apparently listed under categories including downloadable electronic money computer program, electronic money card, electronic encryption device, and IC card with electronic money function, although blockchain and cryptocurrency are not mentioned anywhere.

Samsung has been making an effort with their latest flagship devices to enter the blockchain market, offering multiple features related to cryptocurrency on their device. The trademark doesn’t specifically state that it’s related to blockchain or cryptocurrency, while Samsung has been working on a blockchain using ethereum tech. LG, another smartphone giant, filed trademark applications in both Korea and the US, building a wallet that  would provide a variety of mobile services including “software platform for blockchain” and “mobile electronic wallet for cryptocurrency.”

Media outlets at first reported that Samsung themselves have applied for the Samsung Coin, which led to Samsung making a statement to state they have no relation with the individual doing so. The individual had also filed a trademark for ThinQ wallet, the name to LGs wallet, but it was a little too late. since LG had already done so before. This person is likely a patent troll trying to get the patent before Samsung so that they can have Samsung buy it from there for a large sum of money. This could be unlikely, but it sure does seem that way.

Samsung announced that it has released its blockchain and decentralized application (DApp) Software Development Kit (SDK). The SDK is designed for account management, payments, and cold wallet support among other things. The latest Samsung Blockchain DApp SDK is apparently a superset of all previous SDKs, and contains the Samsung Blockchain Keystore SDK.

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