Anyone Is Seeking to Trademark ‘Samsung Coin.’ It truly is Not Samsung

Anyone in South Korea seems to be hoping to take gain of Samsung’s blockchain initiatives by nabbing the “Samsung Coin” trademark.

According to filings with the Korean Mental Residence Business office (KIPO), an software to sign-up the trademark in both equally English and Korean was submitted on July 10 by an unique known as Kim Nam-jin.

The submitting was designed below categories related to computer system systems, these types of as “downloadable electronic revenue computer system plan,” “electronic revenue card,” “electronic encryption gadget,” and “IC card with electronic revenue function.”

However, when contacted, a Samsung representative informed CoinDesk that the tech huge was not at the rear of the software.

“We really don’t operate this way,” they reported.

Although the trademark software does not specially condition whether or not it’s related to blockchain or cryptocurrency, the submitting follows CoinDesk’s prior report that Samsung is creating its own blockchain using ethereum tech, and may ultimately difficulty its own cryptocurrency, perhaps known as “Samsung Coin.”

In a achievable clue as to their enthusiasm for the submitting, the very same unique has beforehand tried using to lodge emblems relating to cryptocurrency operate by other significant technology businesses.

The KIPO database demonstrates that Kim Nam-jin also filed an software on July 10 seeking to trademark “ThinQ Wallet.”

However, on July 2, LG Electronics, also based in South Korea, filed trademark purposes both equally in South Korea and in the U.S. for “ThinQ Wallet.”

Based mostly on the LG software specifics, the wallet would supply a variety of cellular expert services like “software platform for blockchain” and “mobile electronic wallet for cryptocurrency.”

The “Samsung Coin” submitting was initially protected by a several information resources that incorrectly indicated Samsung is making use of for the trademark.

CoinDesk Korea’s Shinjae Yoo assisted with reporting.

Seungjai Min, blockchain investigate crew guide at Samsung SDS, via CoinDesk archives