HTC Announces New Blockchain-Powered Smartphone

Taiwanese consumer electronics giant HTC has announced plans to release a new blockchain-powered phone, running on Google’s Android operating system, dubbed the HTC Exodus. 

Phil Chen, who previously helped create HTC’s Vive VR headset, made the announcement via Medium, noting that after two years working for Horizon Ventures, he will be returning to HTC as their Decentralized Chief Officer, leading all blockchain and cryptocurrency related initiatives for HTC. Chen’s first project back at HTC is the Exodus.

The HTC Exodus will be “the first native blockchain phone” to offer a universal wallet for cryptocurrencies and built-in secure hardware enclave to support decentralized apps (Dapps). HTC will build a native blockchain network, with each individual Exodus phone acting as a node on the blockchain to facilitate crypto transactions between users. According to reports, HTC is also considering accepting payments for the Exodus via cryptocurrencies.

Exodus will also support Bitcoin, Lightning, Ethereum, Dfinity, and many more protocols, with HTC hoping to support the “entire blockchain ecosystem” in time.

Chen’s vision for the Exodus is to help create a “world where the end consumers can truly own their data (browsing history, identity, assets, wallets, emails, messaging, etc) without the need for central authorities.”

HTC hopes to ship the Exodus before the end of 2018. The website for the blockchain-based Exodus is now live, and accepting reservations for the phone’s eventual launch.

In the Medium post, HTC claims it was the first smartphone manufacturer to launch an Android-based smartphone, as well as being the first to offer a blockchain-powered phone. However, Sirin Labs has previously announced the Finney – another Android-based, blockchain-powered smartphone that offers cryptocurrency wallets and support for Dapps. It will be a race between HTC and Sirin Labs to see who ends up being ‘first’ to the market. Siri Labs expects to launch the Finney this October.

[Image Credit: HTC Exodus Twitter]