Barely a decade after its launch, Taiwanese consumer electronics giant HTC has announced the early access of its novel blockchain phone.
In what is considered to be a giant leap into the blockchain and cryptocurrency ecosystem, and coming barely after the first announcement was made in May 2018, the HTC Exodus will be the “world’s first native blockchain phone.”
The brand new HTC Exodus1, which can only be bought in either Ether (ETH) or Bitcoin (BTC) is available for preorder at 0.15 BTC or 4.78 ETH, approximately $960, on HTCs website and will ship in December 2018. For a start, the phone will be available for pre-order in only 34 countries with the outstanding exception of China, where exchanges and cryptocurrency trading are effectively banned.
According to manufacturers of the HTC Exodus1, the phone is designed to be blockchain-encrypted and provides access to decentralized apps, while also acting as its own blockchain node. Moreover, the phone is also fitted with a “secure enclave” that separates the phone’s chip from the in-phone Android operating system to ensure that our digital currencies are safe.
In an interview with CNBC, Phil Chen, HTC’s decentralized chief officer said that the phone has private keys that are only known by the owner of the crypto, thereby ensuring that their digital currencies are secure. Additionally, the phone has a “Social Key Recovery” mechanism that enables any user who loses his private keys to regain access to their cryptocurrencies by selecting particular trustworthy contacts.
Phil Chen, HTC’s decentralized chief officer asserted in the CNBC interview that:
“We believe blockchain is the new paradigm for smartphones and it will form part of HTC’s wider smartphone strategy. This marks a change in HTC, with an increased focus on software and IP.”
In what is slowly becoming a new battlefront for smartphones, HTC Exodus is already staring at the competition in form of Swiss startup Sirin Labs. The startup plans to unravel its $1,000 blockchain smartphone Finney before the end of 2018. The smartphone will be manufactured by renowned iPhone manufacturer Foxconn.