Last year Taiwan-based HTC announced the Exodus 1, the first blockchain-enabled phone for mass markets that led the way for companies like Samsung to follow suit with their own crypto phone offering. According to a recent article in the Taiwan Times, HTC is set to release a second-generation blockchain phone in the second half of the year to increase its presence in the global blockchain market.
The announcement was made by HTC Decentralized Chief Officer Phil Chen in a keynote speech on the topic of decentralization. Chen said “the development of blockchain technology is still at a nascent stage, but he envisions a future where the advancement of the technology will unlock tremendous commercial potential.”
“The benefit of blockchain lies in the accessibility to data while ensuring privacy for users”, Chen added, “underscoring the value of the relatively untapped technology.”
Photo Credit : HTC
HTC rolled out its first blockchain phone – HTC Exodus – in the fourth quarter of 2018 and sales have been in keeping with the company’s expectations. In addition to the release of the latest version blockchain phone, HTC is also looking at a broader digital asset management product line, including cryptocurrency applications, said Chen.
The consumer electronics giant recently announced plans to invest in the US$50-million blockchain fund “Proof of Capital.” The move will involve the development of the company’s blockchain phones.
This move by HTC shows that they are committed to leading the way in blockchain as it converges with the telecommunications industry and creating a cult following much like it did with its earlier offerings of stock Andriod phone when it first hit the cellular phone scene.
Kamal Hubbard is a lawyer by training who is certified in Fraud Examination, Cybersecurity, and Decentralized Finance.