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Taiwan's consumer electronics company HTC is redoubling its mission to offer blockchain functionality to its mobile phone customers.
HTC's decentralized chief officer, Phil Chen, said at a recent event in Taipei that the company is preparing to release a second generation of its blockchain phone, EXODUS, by the end of the year, the Taiwan News announced on Sunday.
HTC EXODUS 1 was officially released last October, after being first announced at the CoinDesk Consensus 2018 last May.
The phone includes a cryptocurrency wallet and also supports decentralized applications or apps. The appliance sales were in line with the expectations of the company, reported Chen to the event.
In contrast, Israel-based Sirin Labs has recently cut a quarter of its workforce due to disappointing sales of its Finney phone.
According to DigiTimes, Chen said the second-generation device would have additional features compared to the current model, stating:
"The new phone will extend its blockchain applications to other areas such as navigation, messaging and social media."
Applications will use more peer-to-peer connections instead of going through Cloud or Mainframe cards as before, he added.
Earlier this month, Chen also launched a venture capital fund focused on block chains worth $ 50 million, with two partners. The fund, called Proof of Capital, aims to introduce blockchain technology to the mbades by investing in startups.
Proof of Capital has also established a partnership with HTC on its EXODUS line, stating that it would work with the company "to define the standards and interactions of this new Internet and bring expertise in mobility and hardware to the companies in his portfolio ".
The EXODUS 1 was especially available for purchase only with Bitcoin and Ether at launch. The company subsequently began accepting the trust currencies.
HTC image via Shutterstock
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