Electronics giant LG joined the Hedera Hashgraph governing council Wednesday. Its the council's first home appliance manufacturer and second Asia-based member.
Korean media organization Chosun also said LG has completed market research on dapp and blockchain providers.
Electronics giant Samsung is adding dapps to its online store in a bid to outpace its competition.
Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.
LG has experimented with blockchain since 2017 through its many subsidiaries. This is the closest its gotten to releasing a wallet.
South Korean telco LG Uplus is to trial a blockchain-based mobile payment service aimed to let travelers save fees when shopping abroad.
A subsidiary of multinational electronics firm LG has announced it intends to investigate blockchain use cases in finance.