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etvfutures.com May 22, 2018


HTC to make blockchain-powered phone called the Exodus

16 May 2018, 08:57 | Lucia Cruz

HTC Exodus to Be 'World's First Native Blockchain Phone'

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

HTC has announced that it is now working on a new Android device that will be powered, in part, by blockchain technology.

HTC is also considering accepting cryptocurrency as a form of payment for the phone, although its price is still to be decided.

HTC has roped back the creator of its virtual reality headset Vive, Phil Chen, who will be responsible for all blockchain and cryptocurrency related initiatives of HTC including Exodus. The difference is it will be created to support blockchain-based distributed apps, a feature the company describes as "built-in secure hardware".

HTC is hoping that all its Exodus phones will act as nodes for facilitating blockchain transactions, including cryptocurrency exchange.

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There's no doubt that HTC's trying something different compared to most other Android OEMs with Exodus, but I'm not sure this is the product that'll revitalize the company's mobile business.

The new Exodus smartphone will support both Bitcoin and Ethereum as well as other cryptocurrencies with its universal wallet, secure hardware, and decentralized apps. The company said they'd like to eventually support the "entire blockchain ecosystem", and added that they'll announce new partnerships in the months to come. It is also unknown if the device will be retailed in territories outside of the US.

HTC has been struggling in the smartphone space and it is hard to imagine the justification of it launching a Block-chain powered phone. Chen's new title is going to be "decentralized chief officer". As a consumer, the advantage of using Exodus, or any blockchain phone, is that you can get better security and access to integrated cold wallet storage directly on the device. Sirin Labs is coming out with a $1,000 blockchain-powered phone in October called the Finney. Additionally, trading in most cryptocurrencies will still incur mining fees - even on blockchain devices.



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