Why HTC Reveals Plans to Launch Blockchain-Powered Smartphone?

Consumer electronics corporation HTC has unveiled “the first native Blockchain phone”, HTC Exodus, which will launch with support for multiple Blockchain, including Bitcoin (BTC) and Ethereum (ETH) networks. -HTC Vive creator Phil Chen announced the forthcoming project at the Consensus conference in New York City.

Chen highlighted that the upcoming phone will support “multiple Blockchain protocols,” such as Bitcoin, Ethereum, Lightning Network (LN), and Dfinity network. He said the company’s mission is to support the entire Blockchain ecosystem in order to “help underlying protocols expand their base of dedicated nodes."

Whichform of security will provide in HTC Exodus?

The Android mobile device will reportedly feature a universal crypto-currency wallet as well as a "secure hardware enclave."

Chen also stressed that the HTC Exodus would provide high standards of security and data protection:

"I want to see a world where the end consumers can truly own their data—browsing history, identity, assets, wallets, emails, messaging—without the need for central authorities."

Who developed first Blockchain based mobile phone?

HTC is not the first to develop a Blockchain-based mobile phone. In April, the Blockchain-oriented OS developer and supplier Sirin Labs found a manufacturer for its Blockchain smartphone. FIH Mobile, a subsidiary of Foxconn Technology, has agreed to help develop the phone. Foxconn is a giant in electronics contract manufacturing, with clients including Apple, Google, Cisco, Huawei, and Amazon.

“Blockchain industry is extending expeditiously in every sector.”