HTC is creating an Android phone that's powered by blockchain

HTC is creating an Android phone that's powered by blockchain

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 report explains the phone will have a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications. 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.

HTC isn't the first to tout a blockchain phone. HTC plans on creating a native blockchain network with all eExodus phones, in an effort to double and triple the number of nodes of Ethereum and Bitcoin.

Mr Chen states Exodus will support "the entire blockchain ecosystem" with "many more exciting partnerships" to be announced in the "next few months".

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It is worth noting that HTC is not the first to think of a blockchain powered phone - Sirin Labs' $1,000 blockchain smart phone, which was announced last September, is slated to be released in October this year. It is also unknown if the device will be retailed in territories outside of the US.

HTC is hoping to change all that, as it told The Next Web that it's developing a new Android phone that will be powered by blockchain.

In addition to cryptocurrency manipulation, blockchain is touted for its ability to offer both better security and user experience by incorporating cold wallet storage - offline cryptocurrency storage - directly into the phone. As the company's "Decentralized Chief Officer", Chen notes users will own their "ID and data" right on the phone, instead of the cloud. That price and the release date, however, have yet to be revealed. Speaking of cryptocurrency, HTC is thinking about allowing the phone to be purchased using digital currencies. Additionally, trading in most cryptocurrencies will still incur mining fees - even on blockchain devices.

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