Holding wool shows white wool to other players but when placed its a different color wool.

Thank you for your report!
We're actually already tracking this issue at MCPE-41619, so we will resolve and link this ticket as a duplicate.

If you would like to add a vote and any extra information to the main ticket it would be appreciated.

If you haven't already, you might like to make use of the search feature to see if the issue has already been mentioned.

Sorry for the inconvenience I did try to search but was I put nothing came up.