HTC Works on Blockchain Smartphone

The device will support several cryptocurrencies, including Bitcoin.

by Kalina Tekelieva
17 May • 2 min
In News

Taiwanese electronic company High Tech Computer Corp (HTC) said on Tuesday it will release a smartphone powered by blockchain technology which can support several virtual currencies.

The HTC Exodus phone will support decentralized applications (Dapps), which will allegedly grant users full ownership of their data – browsing history, identity, emails, messages, assets, wallets, etc.

According to Phil Chen, who leads the development of Exodus, the upcoming blockchain-based device will be working with multiple protocols, like Bitcoin, Lightning Networks, Ethereum and Dfinity. Moreover, it will host a universal built-in cryptocurrency wallet.

Although the company has not officially announced a launch date for the device, users can already reserve an HTC Exodus, as visible on htcexodus.com. At the same time, Chen told online media outlet CoinDesk the new HTC is due to be out by the end of 2018.

The manufacturer has not given any estimates about the price of the Exodus device either, but hinted that customer will be able to pay for it with digital currencies.

Not the only blockchain phone

It seems the smartphone segment is now venturing into the blockchain technology space. A few days before HTC Exodus was revealed, Swiss smartphone manufacturer Sirin Labs announced it is working on its blockchain-based smartphone FINNEY in collaboration with one of Apple’s contractors, Taiwan-headquartered tech firm Foxconn. FINNEY will be based on the Android operating system and is planned to provide Bitcoin (BTC) and Ethereum (ETH) transactions, as well as trading at crypto exchanges.

Sirin Labs said their blockchain smartphone will be launched by the end of this year.