The Confusing Case of Blockchain Phones
October 23 2018 - 12:31PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
October 23, 2018 -- ADVFN Crypto NewsWire -- From Sirin Labs to
Pundi X and now the more mainstream company, HTC, it seems like
everyone will soon be making a Blockchain phone. The problem with
doing so is: for many people, it is not exactly clear why anyone
would need a Blockchain phone, especially for an exorbitant price.
Since the first two companies that we mentioned here come from the
Blockchain industry, it will be reasonably harder for them to
convince potential users of the utility of such a device,
especially if these users come from outside their
industry.
With HTC, however, explaining why such a phone is needed just might
be possible for one simple reason.
Before they announced the upcoming release of the HTC Exodus, they
were already a mainstream cell phone industry titan. This sort of
confidence in Blockchain technology is basically what all industry
professionals and investors have been waiting for. In other words,
when are the big players really going to come in? When will we
truly reach demand takeoff?
Reportedly, according to Coindesk’s article responding to HTC’s
launch of the phone, the central point of the product is to use a
smart phone to help the average person get used to dealing with
public and private keys. In a more specific sense, it appears that
they have a vision which begins with gradually teaching the average
person about how these keys help him or her truly own his or her
data. Beyond this, it is still unclear how HTC plans to
differentiate a Blockchain phone from a regular smart
phone.
Furthermore, it can reasonably be argued that since they are only
letting interested customers pay for the device in Bitcoin and
Ethereum for now, this is actually hurting their chances at
widespread adoption. Despite its popularity, Crypto has not become
an everyday item which most of the world owns, at this
point.
Given that the phone is only in the early stages of its launch, we
can all reasonably hope that the vision will shift over time. In
truth, since they are still actively recruiting developers to
improve the device, the chance for widespread adoption still
remains.
By: BGN Editorial Staff
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