HTC’s blockchain phone, Exodus, coming this autumn

HTC's blockchain-powered Exodus smartphone will be released this year

HTC says that its blockchain smartphone is called Exodus and that it's going to be released in the third quarter of this year.

While blockchain is traditionally used in the creation of cryptocurrencies such as Bitcoin and Ethereum, the technology can also securely create, store, and track ownership of digital assets with real value.

HTC has just confirmed that it is making the "world's first major blockchain phone", a mysterious device that is likely to cost around $1,000 and that allows the user to own their digital identity. But some experts do argue that if the market for blockchain phone does exit then HTC can succeed in cashing on first mover advantage through Exodus. "With the release of the HTC Exodus we can now make this a reality", the company wrote on the site while calling customers to sign up to receive further details.

It is also known that HTC is partnering together with CryptoKitties, now the second most popular dApp game (second to Etheremon).

The smartphone is expected to get nearly flagship stuffing, but details about it were not disclosed.

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Latest IDC numbers reveal HTC shipped around 630,000 units in Q1 this year, versus around 2 million the year before. "I'm excited about the opportunity it brings to decentralize the internet and reshape it for the modern user", Phil Chen HTC's Chief Crypto Officer said.

HTC is not the first phone maker to announce a blockchain-based device. No one really knows what this means in the context of a phone, with experts speculating that "cold storage" means that the device's wallet could work offline.

Official pricing will reportedly be provided in Q3 this year, with global availability (excluding China) expected.

Whether the appetite for a Blockchain-focused smartphone is there, remains to be seen.

Analysts will be wondering whether the blockchain plan can generate enough sales and help save HTC's smartphone business. HTC Exodus is a new starting point because it is an even more personal phone from where all the data related to the user who uses it originates.

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