Is the Future of the SmartPhone Tied to Blockchain?

0
77

Taiwanese based tech giant, HTC has announced plans to create a smartphone that utilizes blockchain technology to support cryptocurrencies like bitcoin and ethereum.

Unveiling plans for the phone at the Consensus 2018 cryptocurrency conference in New York, the company said the phone which developers have dubbed the HTC Exodus, will feature a native cryptocurrency wallet that would allow users to make and accept cryptocurrency payments to other devices, while each device would also act as a node to allow cryptocurrency trading among users.

The HTC Exodus would also support decentralized apps through the phone’s hardware, which it claims would be more secure than standard apps.

loading...

On a website dedicated to the smartphone device, HTC issued a statement saying; “Our vision is to expand the blockchain ecosystem by creating the world’s first phone dedicated to decentralized applications and security.

“With the release of the HTC Exodus we can now make this a reality… we believe we can help reshape the internet.”

Lead developer of the HTC Exodus, Phil Chen said he looked forward to a time when the internet truly became independent.

“I want to see a world where the end consumers can truly own their data without the need for central authorities.”

“There is a lot of work ahead of us, but I believe the mobile hardware layer can contribute significantly to our new decentralized world.”

According to UK newspaper, Independent, this is however not the first time the concept of a blockchain smartphone has been introduced. In 2017, Sirin Labs unveiled a blockchain-powered phone and PC. The $999 smartphone is set to be released later in 2018 and it will also feature a cryptocurrency wallet.

Indeed, some industry watchers have described HTC’s move as a publicity stunt as a number of software applications already exist that allow much of the functionality that the Exodus boasts.

loading...