HTC has discovered the buzzword of the year, and decided to make a smartphone around it with their upcoming Exodus handset announcement during the Consensus 2018 blockchain conference in NY, where we recently saw a crypto-powered beer vending machine unveiled.
According to Chen, the functionality of a blockchain friendly phone would extend beyond cryptocurrencies, though it would support those, but it would also support decentralised applications (Dapps). If that doesn't get you Mr. Robot fanboys going, I don't know what will.
Previously, Chen was heading up HTC's Virtual Reality headset project.
Exodus is expected in October. Chen's new title is going to be "decentralized chief officer".
The HTC Exodus exists separately from HTC's main phone business, and it is not the same phone planned for HTC's May 23 announcement. Sirin Labs announced a $999 Dollars blockchain phone a year ago, a device reportedly being made by Foxconn. While the Exodus phone maintains a crypto-connection, its important to understand the basics of blockchain outside of cryptocurrencies to see how revolutionary this device could be.
HTC isn't the first phone-maker to announce a dedicated blockchain device. Cryptocurrency is an incredibly niche and volatile technology, and basing an entire phone around it seems like something only diehard blockchain enthusiasts will take to.
You'll also be able to easily trade with peers on the phone's network - without any mining fees. Even with rapidly increasing awareness and interest in the cryptocurrency space, however, it's hard to imagine Exodus making much of a splash.