There was a time when Samsung used to be the biggest smartphone brand in the world, with a stranglehold over some of the most important smartphone markets. However, that is no longer the case, and the company’s smartphone sales have tanked dramatically over the past few years. For instance, at one point of time, it used to be the most popular brand in China, the world’s biggest smartphone market, but as of now, it only commands 1% of that huge market place.
Needless to say, the company is now trying to innovate in order to ensure that it can get back to where it used to be in the past, and one of the initiatives that Samsung is currently looking at is Blockchain technology. The company officially confirmed that it is now looking to manufacture more smartphones that are compatible with Blockchain technology and needless to say, it could prove to be an incredibly shrewd long term strategy.