Category Archives: Exodus 1

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Samsung Files for UK Crypto Trading Wallet Patent

samsung, blockchain

Electronics giant Samsung appears to be turning its direction towards cryptocurrencies as it continues to develop the next generation of phones.

This time it is targeting the UK market, with an application already filed with the U.K. Intellectual Property Office for its ‘Samsung Crypto Wallet’. The suggestion is that Samsung is planning to begin building cryptocurrency facilities into its popular range of phones which retail at around $750 in the US.

The trademark application states that Samsung is to develop: “Computer software for use as a cryptocurrency wallet; Computer software for cryptocurrency transfer and payment using blockchain technology; Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.”

Speculations have been circulating for some time about whether the South Korean giant plans to take the cryptocurrency route, particularly since its filing of three EU trademark applications for blockchain- and cryptocurrency related software in December of this year.

The area of blockchain is one as yet which has been little explored by major phone developers and manufacturers. The first move into the sector was made by Taiwanese smartphone manufacturer HTC recently when the company developed a decentralized bowser called Brave on its HTC Exodus phone calling it the “the first native blockchain phone.” The Exodus provides support for Bitcoin (BTC) and Ethereum (ETH) networks.

Also in November of this year, Sirin Labs’ developed its new smartphone, Finney. The smartphone will compete with the likes of HTC’s Exodus DLT phone and other non-blockchain phones for a market share of the trillion-dollar-plus smartphone industry.

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HTC Exodus 1 Blockchain Smartphone Uses Brave as Default Browser

HTC Exodus 1 Blockchain Smartphone Uses Brave as Default Browser

With the advent of the latest blockchain smartphones in the market, more clarity is now expected on their workings and features. Latest news now being reported is that the decentralized browser Brave will now be the default internet exploring option in the new HTC’s blockchain smartphone named Exodus 1.

Brave is an open-source decentralized browser which has built-in ad blocking and website trackers that are a mainstay in conventional browsers like Chrome and even Safari. The browser will come pre-installed and on default in the new HTC Exodus blockchain phone because of its various useful features. The Exodus 1 itself, launched in May, will have support for multiple blockchain networks including Bitcoin (BTC) and Ethereum (ETH).

Brendan Eich, co-founder of the open-source Brave who previously worked with the Mozilla Foundation, announced his company’s partnership with HTC on Twitter:

We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa

— BrendanEich (@BrendanEich) December 8, 2018

Brave itself had an ICO back in June 2017 with its Basic Attentio Tokens (BAT) and raised USD 35 million in just 30 seconds. These tokens can be used to pay for premium content on the Brave platform. Other competitors of Brave include a new Opera browser for Android that had a built-in crypto wallet and encrypted communications.

HTC is struggling to become relevant in a smartphone industry increasingly being dominated by Apple, Samsung and Huawei. The Taiwanese tech giant is now working with a number of innovative ideas to make its smartphones more appealing to the end user.

The partnership comes at a time after the first blockchain-based smartphone is already in the market: Sirin Labs based in Israel launched the Finney last week. It is yet to be seen how the market will respond to these blockchain phones.

 

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