HTC Plans To Launch New Blockchain Phone Soon

HTC Blockchain Phone o be launched soon.
HTC Blockchain Phone to be launched soon.

The blockchain is one aspect of today’s advanced technology that many people wonder about its operations. It is simple and straightforward as it is a data structure associated with a set of algorithms used for manipulating data. This manipulation includes distribution, storing and accessing of the data itself. Blockchain protocols are used by computers to control direct access to any data or information. The Blockchain architecture or pattern will determine the authenticity and authorization process attached to any specific information.

HTC Blockchain Phone to be launched soon.
HTC Blockchain Phone to be launched soon.

A few months ago and to be precise it was May, HTC announced that it was performing a project on a Blockchain powered smartphone named Exodus. This news was a shock to the world as an intriguing project after they had a poor start at the beginning of the year. Last year, HTC shipped over 2 million products in Q1. This year, it shipped only 630,000 products in Q1, according to numbers from IDC.

HTC has a deplorable shape at the moment after a round of layoffs last week where the company laid off 1,500 employees in Taiwan in hopes of becoming profitable. Sales in June were down 68 percent, according to the company. Its latest flagship, the U12 Plus, has received mostly negative reviews over its odd solid-state buttons and software bugs. This is so much less than stellar time for Blockchains well. The funny news is that cryptocurrency prices are down. The financial situation of HTC is quite bad and it ha spur the success of Exodus on a stake. Thank goodness we have details from HTC’s Phil Chen about when we can expect the phone to be released and an estimate on how much it might cost. He also mentioned that the price of Exodus would be comparable to the cost of Finney, the first block chain powered phone.

Exodus will be available globally, and Chen says, “I want to say it will be available everywhere outside of China.” He elaborates that it will be more difficult to bring Exodus to China as “China has different rules, everywhere from regulations to how Android even works in China.”

When Chen announced the Exodus phone back in May, he said, “We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub.” Now Chen tells me that a phone where you can own your identity is a little further in the future, while the one coming by the end of the year will be a phone with a wallet and a partnership with CryptoKitties. Details on the device’s specs aren’t available yet.

Finally, in a long run, he hopes to find a more efficient way to inculcate cryptocurrency on mobile, by making inquiries from diverse famous experts under HTC’s employment. Mining on mobile efficiently will take time to figure out, but HTC is already looking at different consensus protocols that might make that happen and Chen says the company may release a white paper this year with more details.

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