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HTC Plans To Launch New Blockchain-powered Phone 'Exodus'

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Taiwanese company HTC plans to make a new blockchain-powered Android phone, named Exodus. The phone, which might be the world's second blockchain-powered smartphone, will support Bitcoin, Ethereum, and other major cryptocurrencies, reports said. It will have a universal wallet, secure hardware, and decentralised apps.

HTC Exodus would be the first such product by a major brand. Switzerland-based startup Sirin Labs recently launched the world's first blockchain-powered smartphone called Finney.

HTC plans to create a native blockchain network that uses Exodus phones as nodes to facilitate blockchain transactions, including cryptocurrency exchange. HTC is yet to price Exodus phone. Finney, which lets people store and use digital currencies without transaction fees, is said to cost $1,000.

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Phil Chen, who led HTC's virtual reality headset platform HTC Vive, will be in charge of all blockchain and cryptocurrency related initiatives including Exodus, reports noted. Chen's new title is said to be decentralized chief officer.

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

As per reports, Huawei is also working on a blockchain phone.

by Renju RogersRTTNews Staff Writer

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