While most people associate blockchain with cryptocurrencies, the technology can be used in a myriad of different ways for encryption. There have been influential individuals such as Bill Gates who are not huge proponents of cryptocurrencies, but see a definite value in blockchain technology. HTC sees the potential of blockchain and is incorporating the tech into their upcoming Exodus smartphone.
The upcoming Android blockchain phone is seen above in a drawing from HTC. The Exodus will feature a universal encrypted storage partition, universal wallet, as well as built-in secure hardware enclave to support cryptocurrencies and decentralized applications. The new blockchain-powered Android smartphone could support major cryptocurrencies.
“Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” said HTC Vive founder Phil Chen during the New York City blockchain conference, Consensus 2018. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”
“We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub,” Chen added. HTC did not divulge the price, specs, release date, or any other details about the blockchain phone. Hopefully, this isn’t HTC’s way of trying to sell a cell phone solely on the hot buzzword of “cryptocurrencies.” Facebook is “very serious” about launching its own cryptocurrency and started a new team dedicated to utilizing blockchain on the social media network.
[TheVerge]