Home News Blockchain HTC Announces World’s First Native Blockchain Smartphone, Hints At Accepting Cryptocurrency Payments

HTC Announces World’s First Native Blockchain Smartphone, Hints At Accepting Cryptocurrency Payments

Blockchain phone
HTC Exodus drawings

It seems that smartphone companies are also getting more and more interested in blockchain and cryptocurrency technology with each passing day as everyone tries to get their share of this lucrative opportunity. Just a few days back Huawei had announced its own wallet that would come pre-installed on all their smartphones and now another smartphone maker has come up with something even bigger. HTC, the company usually perceived as a premium Android smartphone maker, has come up with a new smartphone called HTC Exodus, which according to company is “world’s first native blockchain phone”. What does that mean and how does it make any difference? Let’s see.

First of all HTC Exodus is an Android-based device, just as you would expect from any smartphone launched by the company. Being a native blockchain phone means that it has been designed in such a manner that it can support decentralized applications (DApps) like CryptoKitties, CryptoFights, Great Harmon, CCCoin, Crypto-twitch etc. Decentralized apps differ from normal ones in the way that they don’t operate on a centralized client-server architecture. Instead, they rely on a P2P network of computers to work. There’re more than 1,477 decentralized apps built on Ethereum Smart Contracts or other similar platforms as of now (according to State of DApps), and as blockchain technology becomes more mainstream these figures are going to increase manifolds.

But support for DApps is not the only thing that’s unique in this smartphone. According to company HTC Exodus will also have a secure hardware enclave to provide users a universal and native cryptocurrency wallet, support for multiple protocols (i.e. Bitcoin, Ethereum, Ripple, Litecoin etc.) and interoperability.

The man behind HTC Exodus

The man behind this smartphone is an important leader for various divisions of HTC, but from now he’s going to oversee the blockchain initiatives of company. Phil Chen, the leader in charge of this project, has previously led the development of company’s Vive VR headset. But now with the title of “Chief Decentralized Officer” he’ll focus his energies on company’s blockchain and DLT based projects. Speaking about Exodus he said in a Medium post:

I want 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.

Through the Exodus, we are also 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 we’ll be announcing many more exciting partnerships together. Together, we want to craft the best blockchain & decentralized application experiences to end consumers.”

HTC didn’t reveal a price tag for Exodus at the moment, but hinted that it may start accepting cryptocurrencies for payments once this smartphone is available for purchase.

Technology and business were my core interests, so it wasn't surprising that I got interested in cryptocurrencies, which operate at the intersection of both these things. Now I live my passion by trading cryptocurrencies and covering Cryptocurrency news. You can connect with me on Facebook to learn more about me. :)

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