HTC Exodus Coming Later This Year, Powered by Blockchain

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

According to a report by The Next Web, Taiwanese hardware manufacturer HTC is now working on an Android smartphone powered by blockchain technology.

According to Chen, the functionality of a blockchain friendly phone would extend beyond cryptocurrencies, though it would support those, but it would also support decentralised applications (Dapps).

HTC is hoping that all its Exodus phones will act as nodes for facilitating blockchain transactions, including cryptocurrency exchange. If that doesn't get you Mr. Robot fanboys going, I don't know what will.

Chen was commonly known as the creator of HTC's Vive virtual reality headset.

Chen wrote in a blog post " Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more. We would like to support the entire blockchain ecosystem, and in the next few months well be announcing many more exciting partnerships together.

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.

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"We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub", HTC's Phil Chen said Tuesday at Consensus 2018, a New York City blockchain conference.

Exodus is expected in October.

Blockchain smart phones are touted to offer better security and user experience by integrating cold wallet storage right into the phone, and enabling direct trading of the native cryptocurrency with peers on the phone's network, without mining fees.

In terms of specifications, the Finney blockchain phone comes with a Qualcomm Snapdragon 845 processor. Mobile apps of cryptocurrency exchanges are driving phone makers to adopt blockchain.

While there's no price set for the device quite yet, HTC announced that it might even accept cryptocurrency as a form of payment.

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