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HTC Unveils World’s First Blockchain-Powered Phone


HTC is back with something new. Yes, the world’s first native blockchain phone. But do we need it?

“Blockchain, this. Blockchain, that.” We have been hearing that word a lot recently. The latest company to join the blockchain party is HTC, who has announced the HTC Exodus, a smartphone that fully embraces blockchain technology.

On a teaser website, HTC says the phone will be “dedicated to decentralized applications and security.” The company lists several ways in which the Exodus phone will do this: For example, it will support decentralized applications (Dapps) and it will have a hardware element that will connect to cryptocurrency wallets.

HTC Vive founder Phil Chen will be heading all blockchain initiatives. The move follows the recent trend of Facebook Messenger and Instagram executives switching over to lead a blockchain division for Facebook. Accordingly, Chen’s new title will be “decentralized chief officer.”

The HTC Exodus will support Bitcoin and Ethereum, among others, courtesy of a universal wallet, secure hardware and decentralized apps. According to The Next Web, HTC has also outlined plans to create a native blockchain network, whereby cryptocurrency can be traded amongst Exodus users. Naturally, users will also be able to purchase the phone itself using cryptocurrency. That price and the release date, however, have yet to be revealed.

Source: Mashable