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Taiwanese consumer electronics company and Smartphone manufacturer HTC has announced its plans to enter the cryptocurrency ecosystem and blockchain industry by developing a new Android smartphone that will be powered by blockchain technology.

The company has unveiled its plan on launching a phone named HTC Exodus and it is described by the company as the “world’s first native blockchain phone”. 

Phil Chen, a co-founder of HTC Vive said,

“The HTC Exodus is the first native blockchain phone dedicated to bringing end consumers the best decentralized application (DApp) experiences, including a built-in secure hardware enclave, and helping underlying protocols expand their base of dedicated nodes, thus expanding the total block chain ecosystem.”

“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.”

  • HTC sees the Exodus as a handset that will let owners keep their data  and blockchain currencies, private and secure on the device rather than in the cloud, where your sensitive information may be easier to extract and tamper with.
  • HTC Exodus will also support underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and other major networks. Moreover, it is expected that some more partnerships will be established later in order to support the entire blockchain ecosystem.
  • It also plans to include a digital store, similar to Google Play store, for hosting distributed apps.
  • The smartphone will leverage APIs and a hardware stack including the kernel and secure enclave, to connect to various wallets. The company says that the handset users will have their ‘identity and data’ on the smartphone, instead of a centralized ...

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This article was first published on: Latest Crypto News