The upcoming Exodus 1s will provide more support for decentralized browsing, messaging, and social media apps (dapps). But that’s not all. The 2nd gen blockchain smart phone will also be able to run a full bitcoin node HTC said Saturday.
So with the $300 smartphone due Q4 2019 you’ll be able to contain the entire bitcoin blockchain on your smartphone and verify transactions.
What Chen and the Exodus team envision is a decentralized web. Using the blockchain solutions that keep your financial assets secure and in your control, blockchain smartphones are designed to keep all of your information secure and in your control.
That’s accomplished by routing the information your phone transmits and receives through peer to peer connections in a distributed network “instead of passing through cloud or mainframe boards,” as Chen says.
If the technology now exists for anyone to secure their savings on an open source blockchain on a decentralized network, why not secure all their data? The only limits are the space and computing power, but these limits will be no issue in a few years.
Some of the critics of Big Data companies may resort to overblown, sensationalist alarmism. And the mainstream media does at times seem heavily biased against tech companies. But there are some sensible reasons to keep control over your own data.
The most obvious reason might be getting paid for your own data. If your data is valuable, why not retain control over it and get paid for it instead of giving it away?
Another reason is privacy. Sure we all know Apple and Alphabet are watching how we use their products, and we all agreed to it for the benefits we get in return.
But what about unwanted surveillance? Whether by sovereign states or cyber criminals? Why trust private information in the hands of a third party when we can secure and authenticate the data our devices transmit ourselves?
Another likely outcome of blockchain smartphones is decentralized social media platforms with transparent algorithms, in which accounts can’t be banned or shadow-banned by any central authority, and content can’t be censored.