HTC Announces Plans For A Blockchain Smartphone

16 May, 2018, 11:28 | Author: Dwayne Harmon
  • HTC Exodus Bitcoin

Marking the first from an established smartphone company, HTC has officially announced that it's working on a blockchain-powered smartphone. Each Exodus phone will serve as its own node in the greater make up of the network that forms its native blockchain system to support cryptocurrency trading between users. "We would like to support the entire blockchain ecosystem, and in the next few months we'll be announcing many more exciting partnerships together", Chen said in a statement on Exodus.

Blockchain-powered smartphones further feature integrated cold wallet storage and trade directly with other wallets without third-party interfaces.

According to The Next Web, HTC may even accept cryptocurrency as payment for the phone, whenever it exists. It also features "The Switzerland of Protocols", a "Universal" wallet, "DApps" (decentralized apps, for non-crypto normies), and all sorts of other nebulously defined features ostensibly meant to enhance security.

While there are a number of potential uses for blockchain technology, HTC is sticking to the tried-and-true cryptocurrency application with Exodus.

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Notch and AI aren't the only buzzwords floating around the smartphone world as blockchain is surely looking like a future of smartphones to some manufacturer.

Overseeing the project is Phil Chen, best known as the founder of HTC's Vive virtual reality headset business.

A sketch of HTC's upcoming blockchain phone appears on its official site. Blockchain technology can be applied anywhere security and decentralization are important, from online shopping to private communications, and HTC is hoping to tap into that. The company also issued a call to internet users and smartphone users to gather in an attempt to "Take back the internet". While the two smartphone giants HTC and Huawei don't yet mention a target price range for their blockchain smartphones, the "Finney" smartphone from SirinLabs and Foxconn is said to cost around $1,000.

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