As many companies have started their own journey into the blockchain world, in many areas there are lot of people that are not really convinced about the power that this new upcoming technology is holding.
One of those areas are mobile phone companies. The potential that exists for the implementation in a smartphone is incredible. But almost no one had given any effort -at least for now- to try to incorporate themselves into this cutting edge technology. Only Sirin Labs have announced last September their 1000 dollars blockchain phone scheduled to be released in October 2018.
Luckily very recently we have someone that had step up with their plans on doing just that. HTC had made their first step by announcing that they are developing an Android phone that will be powered by the blockchain technology.
The smartphone will have the name Exodus and will support a universal wallet and also have a hardware support for cryptocurrencies and decentralized apps.
This device will support bitcoin, ethereum and other more popular coins, with adding more partnerships coming later. HTC had envisioned a native blockchain network that their phones will be using it and they will essentially be nodes on it, supporting crypto trading between users. Reportedly HTC are planing to let future users buy the phone using cryptocurrencies, but there have been no price announcement just yet.
The creator of HTC Vive the virtual reality head set Phil Chen has been assigned with the task of managing all of the company blockchain related activities with his new job tittle being “decentralized chief officer”.
During the Consensus 2018 blockchain conference held in New York City, Chan has said:
“We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub. Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity and more. We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”
Any phone maker that will consider using the blockchain when creating a new smart phone device will surely put emphasis on the security of their product and the use of decentralized apps rather then standard technologies. An example would be Web browsing on a blockchain phone will be more private and secure right out of the box. The same thing applies to mail, messaging and a lot of other features.
All we can really do right now is just wait for one of these phones to get out on the market in order to see what actually are going to be the possibilities of these devices. There is always a chance for failure as for example HTC are not expecting their blockchain smartphone to go heavily mainstream. This is sort of confirmed with the Exodus project being a totally separate from the HTC’s main smartphone business.
For now HTC is keeping much of the detailed info behind closed doors, not letting anyone know beforehand what will the future for these new technologies bring.