S Korean Media Electronics Giant LG Launches Own Blockchain Service ‘Monachain’
South Korean company LG applied for a patent for the ThinQ Wallet trademark last week, which provides for the use of blockchain and cryptocurrency.
According to the application filed with the US Patent Office, among other things, the use of the trademark will be associated with services of mobile banking, transfer of funds, issuance of cyber money, as well as a software platform for blockchain and payment applications for mobile phones..
LG is already using the ThinQ trademark for its G7 + smartphone at the moment, and the new registration could mean that the company intends to integrate cryptocurrency-related products into its future devices..
LG CNS, a subsidiary of the South Korean giant, recently announced that it will use its R3 Corda blockchain platform to increase the transparency of the supply chain for school canteens..
Perhaps the development was stimulated by competitors (Samsung, HTC and others), which already offer various options for crypto wallets for smartphones.
text: Ivan Malichenko, photo: brecorder