- Telecommunications Giant Vodafone Leaves the Libra Association
- Group of Central Banks Assesses Developing Central Bank Digital Currencies
- South Korea Might Impose 20 Percent Tax on Cryptocurrency Profits
- Report: Terrorists Increasingly Use Crypto to Raise Funds Anonymously
- Canadian Securities Administrators Subject Crypto Exchanges to Securities Laws
The Chinese tech corporation HTC plans to launch its second blockchain focused smartphone before the end of 2019. HTC Launched its first blockchain smartphone, called the Exodus 1 in January 2019 although the original launch was supposed to be in 2018. The Exodus 1 came with a pre-installed wallet app called Zion which allowed users to store and send supported cryptocurrencies such as BTC, LTC, ETH, some ERC721 and a few more.
The Exodus 1 was a competitive smartphone in many ways. Its battery was the same size as a S9, Samsung’s flagship phone at the time, and it had the same amount of RAM (6GB) as well as some other highly sought-after features. However, many people felt the crypto wallet was lacking.
HTC’s Decentralized Chief Officer Phil Chen said that the Exodus 1 met the company’s expectations and at a speech help in Taipei last week, announced the intention to launch a successor to the Exodus 1.
It is thought that the new blockchain smartphone will extend the phone’s decentralized apps capability and that the new blockchain apps will use peer-to-peer connections instead of the cloud or mainframe boards like the Exodus 1. It’s clear that Phil Chen and HTC want their blockchain smartphone’s to be about more than just a crypto wallet, they want to see more growth in the decentralized app space, and this is likely their main focus.
During a 2018 interview with Digital Trends, Phil Chen said:
“It’s about the internet, where it’s going, and what’s wrong with it right now.
“Our position is that there’s something deeply wrong right now because people don’t own their digital identities; they don’t own their digital data; they don’t own their personal data. Whether it’s behavioral data, commercial data, health data, browsing data, or something else, all of that is owned by a handful of companies.”
HTC isn’t the only player in the cryptophone space. Samsung’s latest top of the range smartphone, the Galaxy S10 comes with an embedded crypto wallet, suggesting that there is room in the market for blockchain or crypto-based phones. Additionally, lesser known company Sirin Labs also launched a crypto smartphone called Finney in 2017. However, HTC is the largest tech company developing dedicated crypto smartphones whose vision is in line with the crypto industry as a whole.
Chen’s speech about users having control of their data is a sentiment held by most crypto enthusiasts and so HTC is in a good position to lead the way in this space.