fbpx

Head of HTC Blockchain Touts Exodus Phone, Talks Cashless Society

April 25, 2019

A recent crypto conference in Hong Kong, known as TOKEN2049, saw a gathering of some of the biggest names in cryptocurrency and blockchain technology.  

Among them was Phil Chen, world-famous technologist and head of HTC’s blockchain division as decentralized chief officer (DCO), giving his thoughts on the latest developments in the crypto space while discussing his team’s recently released blockchain phone, the Exodus One.

In an interview with NewsBTC, Chen noted that the Exodus is one of the world’s first-ever blockchain phones, adding that he believes it is the only one which enables users to own their private keys.

Calling the feature “a foundational principle of the decentralized web” on which Exodus was built, Chen says it gives users not only ownership over their Bitcoins, but also the very same architecture to own their digital identities and personal data.

When asked what he envisioned for the future, Chen said the goal was to get every person with a smartphone to “start owning their identity on their phone,” and empowering them to connect to all crypto networks.

The DCO also likens centralized private cryptocurrencies that are not based on blockchain such as JPM Coin and Facebook Coin to intranets, in reference to surveyed, permissioned, secure internet systems used by corporations before the advent of the internet.

While Chen acknowledges there is room for both decentralized and private coins, he believes the issue lies with private coins being “fundamentally surveyed capitalism,” as opposed to the neutral, borderless, and censorship-resistant nature of Bitcoin. For these reasons, he sees them as antithetical to one another.

Source: www.newsbtc.com

 

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

 

Related Article
Iran’s Power Grid Struck by Crypto Mining Surge
Token mining activity in Iran is causing an energy consumption spike that is forcing the government ...

July 16, 2019

Malaysia’s VisionBanker Aims to Transform Eye Care via Blockchain Technology
The company is using facial recognition and distributed ledger technology to allow users to store ey...

July 16, 2019

Excellence in Customer Experience and Operational Efficiency
Blockchain technology stands as the best technology platform candidate to solve the issues being fac...

July 15, 2019

Hong Kong Insurer Launches Blockchain-Based Solution to Process Claims
Blue Cross has become the first insurer in Hong Kong to employ blockchain technology to streamline i...

July 15, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us