HTC is launching a blockchain-powered phone

Joanna Estrada
May 16, 2018

It's an abstract concept, but essentially, cryptocurrency is made possible due blockchain technology.

The phone is called Exodus and it's being imaged as a phone that gives users the agency to "take back the internet", telling social media sites to "let my data go" and leaving individuals' information in literally their own hands, not in the centralized servers of Facebook and Google.

HTC has announced that it is now working on a new Android device that will be powered, in part, by blockchain technology.

The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications. Additionally, trading in most cryptocurrencies will still incur mining fees - even on blockchain devices. Blockchain is supposed to be safer than current centralized record keeping, and many are touting it as the wave of the future. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.

Not only that, but the company also reportedly plans to create its own native blockchain network with all Exodus devices to act as nodes to facilitate crypto trading among users.

HTC is not the first company to envision a blockchain smartphone.

Details, including price, are now scant. In fact, i'll bet that these phones which double as a cryptocurrency wallet will become a prime target for attacks, and hope HTC is aware of this when developing it.

We've already seen a couple of early adopters: the Sugar S11 Blockchain Creation Edition in January, and the Sirin Finney earlier this month.

While HTC's phone isn't available yet, it's rumoured that the company may sell the phone in exchange for cryptocurrency.

The Taiwanese OEM is also considering allowing users to actually buy the device using cryptocurrency, though no set price has been announced.

Other reports by Click Lancashire

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