Samsung Electronics has filed a U.S. patent application for a digital asset wallet system that would let devices initiate crypto transactions without directly storing or using private keys, according to Techub, citing Crypto.news. The proposed design uses smart contracts as part of the transaction flow and is aimed at Samsung mobile devices, including smartphones and watches. The filing is intended to improve the security of crypto asset storage and management on those devices while also enabling users to interact with decentralized applications at the hardware level. The report adds that Samsung already has a presence in the crypto hardware wallet segment, and the new patent application pushes that technical work further.
Samsung Electronics has filed a U.S. patent application for a digital asset wallet system that uses smart contracts to let devices initiate crypto transactions without directly storing or using private keys, according to Techub, citing Crypto.news.
The patent is designed for Samsung mobile devices such as phones and watches. It is intended to provide a more secure way to store and manage crypto assets while allowing users to interact with decentralized applications at the hardware level.
The report said Samsung already has a footprint in the crypto hardware wallet space, and this latest patent application extends the scope of that effort.
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