Monday, 28 May, 2018

Yes, HTC is working on a 'blockchain phone'

HTC Exodus The Web
Velma Reese | 16 May, 2018, 09:59

HTC's Exodus might be the world's second blockchain-powered phone.

With APIs and a trusted hardware stack that includes the kernel and secure enclave, the phone will connect to various wallets. What this means is that all of you cryptotraders will have no problems managing your "money" and accessing it via all sorts of avenues.

Blockchain smartphones are claimed to offer better security and user experience by integrating "cold wallet" storage right into the device and enabling direct trading of the native cryptocurrency with peers on the phone's network, without mining fees. If that doesn't get you Mr. Robot fanboys going, I don't know what will.

"Through "Exodus" we are excited to be supporting underlying protocols such as Bitcoin, "Lightning Networks", "Ethereum", "Dfinity" and more", Phil Chen was quoted as saying by TheNextWeb. The HTC Exodus comes amidst the Google acquihire of two thousands employees, while the company's primary lead is now in virtual reality with the Vive.

Exodus is expected in October.

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"Our vision is to expand the blockchain ecosystem by creating the world's first phone dedicated to decentralized applications and security".

We've already seen a couple of early adopters: the Sugar S11 Blockchain Creation Edition in January, and the Sirin Finney earlier this month. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.

Following Google's acquisition of the company's engineering team late past year, HTC has been nearly silent on the future of its smartphone products - so it's somewhat reassuring to hear they aren't quite out of ideas just yet. The big-picture idea, says HTC, is that this is a phone for the privacy-minded user.

The Taiwanese OEM is also considering allowing users to actually buy the device using cryptocurrency, though no set price has been announced. Mobile apps of cryptocurrency exchanges are driving phone makers to adopt blockchain.

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