Tech

HTC announces a new blockchain-powered Android phone

HTC announces a new blockchain-powered Android phone

"Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more", Chen said on the integration of blockchain applications with the phone's hardware. Either way, add HTC to the list of companies interested in finding profit from the subject with it's new Exodus, ostensibly a decentralized, blockchain and buzzword-packed marketing experience that may also be a phone.

Introduced and led by Phil Chen, a co-founder of HTC Vive, the Exodus is meant to be the "world's first phone dedicated to decentralized applications and security".

The Android-powered phone will be tailor-made to provide support for decentralized applications (DApps) like CryptoKitties, and it will feature a secure hardware enclave to provide users with access to a universal cryptocurrency wallet that is native to the device. HTC plans to create a native blockchain network with all Exodus units acting as nodes to facilitate cryptocurrency trading among their owners. By using blockchain tech, HTC promises that the Exodus can give privacy-minded users control over their data, without having to rely on the major technology companies for cloud storage.

HTC has not shared any release date or price of the phone but it has been now listed on its website for bookings.

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But, all of these features can be integrated into any average smart phone with the help of software alone, and trading Bitcoin and other cryptocurrencies will incur mining fees to transfer anyway - whether on regular phones or blockchain phones.

HTC's bid for elevated smartphone security comes at a time of peak scrutiny for security and data privacy: Facebook's ongoing Cambridge Analytica scandal. Samsung last month was reported to be building blockchain network, but for its own global supply management. Others, including Huawei, have announced that it will also be making a Blockchain smartphone.

So, what makes a phone a blockchain phone, exactly? Sirin Labs is coming out with a $1,000 blockchain-powered phone in October called the Finney.