Tuesday February 19, 2019
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HTC Officially Announces a New Blockchain-Powered Phone

HTC working on blockchain-powered Android smartphone: Report

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HTC
HTC's contract manufacturing operations and VR division were reportedly not affected, Pixabay

Taiwanese tech giant HTC is reportedly working on a new Android phone named “Exodus” that will be powered by blockchain technology.

“The upcoming phone will come with a “universal wallet” and a built-in secure hardware system to support cryptocurrencies and decentralised applications,” TheNextWeb reported late on Tuesday.

Blockchain smartphones are claimed to offer better security and user experience by integrating “cold wallet” storage right into the device and enabling direct trading of the native cryptocurrency with peers on the phone’s network, without mining fees.

Representational image.
Representational image.

“The company plans to create a blockchain network using ‘Exodus’ phones to facilitate cryptocurrency trading among the phone users,” the report added.

Phil Chen, the brain behind HTC’s Virtual Reality (VR) headset “Vive” will be in charge of all blockchain and cryptocurrency related initiatives of HTC including “Exodus”.

“Through ‘Exodus’ we are excited to be supporting underlying protocols such as Bitcoin, ‘Lightning Networks’, ‘Ethereum’, ‘Dfinity’ and more,” Phil Chen was quoted as saying by TheNextWeb.

Also Read: Microsoft’s Search Engine Bing Bans Cryptocurrency Advertisements

However, HTC has still not announced the price of the smartphone but the company is reportedly considering accepting cryptocurrency as a form of payment for the device.

Before HTC, Sirin Labs’ blockchain smartphone which was announced in September 2017, is slated to launch in October 2018. (IANS)

Next Story

NASA Planning to Use Blockchain Technology For Air Traffic Management

The prototype demonstrates how this method can be economically and rapidly deployed in a scalable modular environment, Reisman said

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Kepler, NASA, tissue
NASA to use Blockchain technology for air traffic management. Pixabay

US space agency NASA is planning to advance its technology by adding Blockchain to secure air traffic services and support, the media reported.

The agency will work with an open source Blockchain platform called “Hyperledger Fabric” that is specifically designed for enterprise transactions that resemble typical air traffic management interactions, Ronald J. Reisman, an aero-computer engineer at the NASA Ames Research Centre, said in a statement.

Blockchain would address the potential issues of privacy, prevent spoofing, denial of service and other attacks, Reisman said.

He asserted that Blockchain presents an engineering prototype that embodies a design and method that may be applied to mitigate security issues.

NASA, Hubble, Keplar, asteroids
Blockchain would address the potential issues of privacy, prevent spoofing, denial of service and other attacks, Reisman said. Flickr

“The design innovation is the use of an open source permissioned Blockchain framework to enable aircraft privacy and anonymity while providing a secure and efficient method for communication with air traffic services, operations support, or other authorised entities,” he noted.

Also Read- Vaccination Not Forced on Children: Delhi Health Authorities

The new framework also features certificate authority, smart contract support, and higher-bandwidth communication channels for private information that may be used for secure communication between any specific aircraft and any particular authorised member.

The prototype demonstrates how this method can be economically and rapidly deployed in a scalable modular environment, Reisman said. (IANS)