HTC Rumored to Announce a Future Smartphone Powered by Blockchain

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HTC isn't the first to tout a blockchain phone. As part of what HTC claims is its "effort to expand the blockchain ecosystem", the company introduced its latest blockchain phone known as the HTC Exodus. Huawei has hopped on to blockchain bandwagon by hosting a bitcoin wallet on its phones.

The Exodus will support decentralized applications, called DApps, run on Android software and have a universal wallet for storing your digital currencies. HTC has roped in the creator of its virtual reality headset Vive, Phil Chen, to lead all its initiatives related to cryptocurrencies and blockchain technology.

HTC's blockchain-powered Android phone will support Bitcoin, Ethereum and other major networks.

Just over a week after Sirin Labs announced the specs for its Finney phone, HTC comes out of the blue offering its Exodus. A startup called Sirin Labs had announced a blockchain smartphone in September previous year.

Using the blockchain theoretically allows HTC to make the Exodus more secure than regular devices.

Blockchain phone makers argue that their devices can be more secure by relying on the blockchain and decentralized apps rather than standard technologies. Also SirinLabs itself has announced a Blockchain smartphone, which is still to be developed and manufactured by Foxconn.

The company suggests that future customers might be able to pay for the phone with cryptocurrencies, but hasn't gone into details. Only time will tell if the HTC Exodus ends up being another step towards blockchain reaching the masses. The Taiwanese company has already revealed that its new flagship would be announced on May 23.

Exodus can be considered to be a mobile connecting point to the world of decentralized networks and a storage device that will be very useful for those who want to have a simple access to their cryptos. The company also issued a call to internet users and smartphone users to gather in an attempt to "Take back the internet".