Samsung patents smart contract based crypto wallet system

Samsung Electronics has filed a U.S. patent for a digital asset wallet system that leverages smart contracts to streamline cryptocurrency transactions. The proposed system allows devices like smartphones, computers, and wearables to initiate transactions without directly storing or using private keys. Instead, a smart contract on the blockchain network verifies the device’s assigned address and authentication information before processing the transaction. This approach aims to reduce the security risks associated with managing private keys on individual devices.

The patent, published on July 23, 2026, describes a system where multiple devices can collaborate to manage a single digital asset wallet. For example, one device could request a transaction while another supports functions like registering a new device or recovering an address. Samsung highlights that this multi-device structure builds on its existing blockchain integration efforts, such as the Samsung Blockchain Wallet and its partnership with Coinbase.

While the patent does not confirm whether the technology will be integrated into Samsung Wallet or its planned stablecoin services, it aligns with the company’s broader strategy to expand digital asset functions. Samsung announced in July 2025 that it plans to add stablecoin support to Samsung Wallet, although no specific details or launch dates have been provided.

The patent filing does not include a product launch or commercialization timeline. Samsung has not responded to inquiries about the reason for developing the technology or its potential incorporation into existing services.