HTC To Release Second-Generation Blockchain Smartphone This Year

Blockchain, News | April 30, 2019 By:

Taiwanese smartphone maker HTC is planning to release a second-generation model of its blockchain smartphone before the end of 2019.

In October 2018, the Taiwanese smartphone maker rolled out its first blockchain smartphone, called Exodus 1, which combines “blockchain technology and software necessary to create a smartphone experience fit for a modern user and the new Internet age.” The phone has crypto-linked functions such as a cold ‎storage crypto wallet, secure exchange access, encrypted ‎communications and a peer to peer (P2P) resource ‎sharing ecosystem for payment and decentralized applications (Dapps).

During an investment trend forum held at Taipei 101 last week, HTC Decentralized Chief Officer Phil Chen announced plans to launch the second-generation phone of the Exodus project to increase its presence in the global blockchain market.

“The development of blockchain technology is still at a nascent stage, but I envision a future where the advancement of the technology will unlock tremendous commercial potential,” Chen said. “This could be seen as analogous to the commercial value of petroleum from the 1900s onward. The benefit of blockchain lies in the accessibility to data while ensuring privacy for users.”

According to Chen, the sales performance of the first-generation Exodus 1 blockchain-powered phone met the company’s expectations, noting that new crypto trading startups had driven demand for the product considerably.

In addition to the release of the latest version of the blockchain phone, Chen said HTC is also looking at a broader digital asset management product line, including cryptocurrency applications.

Earlier this month, Chen co-founded Proof of Capital, a $50 million venture capital that will invest in companies focused on financial technology relating to payments and custody, infrastructure, as well as the hardware and consumer layers of the blockchain ecosystem. HTC Exodus is one of the backers of the fund.