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Samsung SDS Invests in Blockchain Startup
An information technology affiliate of Samsung announced today that it has invested in a blockchain startup.
An IT affiliate of South Korean electronics and manufacturing giant Samsung announced today that it has invested in a blockchain startup.
Samsung SDS said that it had invested in Blocko, a firm also based in South Korea, as well as a cybersecurity startup called Darktrace. The investment amount was not disclosed.
STORY CONTINUES BELOW
Blocko runs a blockchain-as-a-service platform called CoinStack, according to its website.
The firm said in a statement:
"Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defense solution by Darktrace to Korean companies, as well as work with Blocko to support commercialization of emerging blockchain technology in various sectors including IoT."
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
