HTC Unveils Blockchain-Powered Smartphone

News | May 16, 2018 By:

Taiwanese electronics maker HTC has unveiled its upcoming smartphone that can run blockchain-based decentralized applications (DApp).‎

The new smartphone, dubbed Exodus, will feature 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 apps.‎ The smartphone will be compatible with multiple protocols and will also support interoperability.

Phil Chen, who previously founded HTC’s Vive VR headset and recently returned to the company to spearhead the Genesis project, will be leading the charge to build Exodus.

“Through the Exodus, we are also excited to be supporting underlying protocols such as bitcoin, Lightning Networks, ethereum, Dfinity, and more,” Chen wrote in a blog post accompanying the announcement. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships. We want to craft the best blockchain and decentralized application experiences to end consumers.”

Chen added that he wants to see a world where the end consumers can truly own their data (browsing history, identity, assets, wallets, emails, messaging, etc) without the need for central authorities.

“There is a lot of work ahead of us, but I believe the mobile hardware layer can contribute significantly to our new decentralized world,” Chen said.

Chen didn’t give a price point for the blockchain smartphone, but said the company may accept cryptocurrency as a form of payment when it’s available.

HTC isn’t the first to come out with a blockchain-based mobile phone. In April, Israeli ‎startup Sirin Labs found a manufacturer for its blockchain-powered phone. FIH Mobile, a subsidiary of Foxconn, agreed to lead the original design and manufacturing of the Finney smartphone, with Sirin Labs leading the development of the cold storage wallet hardware and the Sirin OS. Sirin Labs claimed that pre-‎orders for the Finney smartphone have surpassed ‎‎‎25,000 units and confirmed that the device will be available in the market in ‎the second half ‎of the year.‎