Tom Arran Tom Arran, Thursday 19th December 2019, 5:16 PM CET
htc corporation, HTC Blockchain Phones

HTC Focusing on Blockchain Phones

The HTC Corporation, one of the most infamous mobile phone manufacturers from the People’s Republic of China, has laid off a large percentage of their employees. The tech conglomerate didn’t provide details on how many individuals were terminated from the most recent layoff.

However, reporting syndicates in China said that this marks the third instance since 2015 that HTC has had to cut employees. Previous cuts accumulated with 3500 employees being laid off in the last decade. Subsequently, these syndicates speculate that this layoff will be listed around two thousand.

The downsizing in HTCs employment is claimed to be for the benefit of the company. HTC states that instead of focusing on mobile phones for large-scale markets, the corporation will focus on its virtual reality console and blockchain-power smartphones. Subsequently, cryptocurrency and blockchain enthusiasts were pleased by this announcement. It saw HTCs stock rise by 9.5% over December 16th to 18th, which is difficult during a time of layoffs.

The HTC Corporation first launched the Exodus Blockchain-Smartphone in 2018. It allowed consumers to access decentralized networks through web browsers. It also enabled users to install decentralized exchanges directly to their smartphones, much in the way that you would a standard application.

The HTC Exodus also maintains a built-in hardware wallet, giving investors and traders a highly-secured mobile phone. One of the best features of this built-in wallet is that upwards of 20 Tokens can be maintained simultaneously.

Blockchain Smartphones

When this device was initially released to worldwide markets, it was available for sale in standard currencies and cryptocurrency. It marked the first instance that investors or traders could purchase a smartphone via their acquired tokens. However, the first rendition of this device wasn’t the last.

The HTC Corporation held a conference in October, where the second iteration of the Exodus was released. This version enables clients to maintain entire Bitcoin Nodes and Chains, which is a considerable leap forward from its predecessor.

Additional Devices

The Exodus Two Smartphone from HTC isn’t the only smartphone maintained on global markets. Since the HTC Corporations first instance of a blockchain-powered phone, multiple competitors have released their subsequent versions. The Samsung Corporation provided an ERC-20 compatible application on their S10 Lineup, which was then offered to the Note 10 Series.

Included with their version was access to Bitcoin and Decentralized Applications. It’s also reported that the LG Company is developing its version of a blockchain-compatible smartphone, with Sirin Labs at the helm.

Die-hard consumers for the standard smartphones seen on our markets, such as the iPhone or Google Pixel, remain hopeful that they’ll release blockchain-powered smartphones in the future. However, there haven’t been any rumors or indications that the Google Company or Apple Corporation is developing a blockchain-product for worldwide consumers.

Tom Arran

Author: Tom Arran

Tom has over 10 years experience on crypto currencies, first mining bitcoin on an old university computer for 20 cents a coin to now day trading bitcoin in between helping to start whichbroker.com. Tom has previously held roles at a leading EU brokerage and provided insight and consultancy work for number of UK banks in Crypto. Tom Arran can be contacted at [email protected], View all posts by Tom Arran

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