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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 not leaving smartphone business: Report. Pixabay
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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)

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HTC Not Quitting Smartphone Business: Report

This comes a month after the company indicated on its Instagram page that it was ready to introduce its Blockchain-powered smartphone Exodus

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HTC
HTC not leaving smartphone business: Report. Pixabay

Rubbishing previous reports that claimed it was quitting the smartphone business, Taiwanese smartphone maker HTC has said it is working towards releasing new devices by the end of this year and in early 2019, the DigiTimes reported.

The smartphone player has reportedly said that it is contemplating to launch a 6GB RAM and 128GB storage variant of HTC U12 life by the end of December.

“HTC said it will not give up its handset business as it believes that the handset has become indispensable to human life and that the related key VR technology will play a key role for the future development of mobile devices,” the report said on Thursday.

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Representational image.

“In addition to continuing optimizing its VR platform and enriching its VR/AR content, HTC said it will also exert efforts to integrate related technologies including AI, blockchain and 5G to roll out new product lines for the 5G era.”

This comes a month after the company indicated on its Instagram page that it was ready to introduce its Blockchain-powered smartphone Exodus.

Also Read- Orange Juice, Leafy Vegetables May Prevent Memory Loss in Older Age

The HTC Exodus is the brainchild of HTC Vive Founder, Phil Chen, who was also the driving force behind the Vive virtual reality (VR) headset and forms the start of a major Blockchain push as the company looks to return to the smartphone industry. (IANS)