Blockchain Advances in the Telecom sector
An in-depth Marketwatch Report on Blockchain’s share in the Telecom states that market size would increase from $46.6 million in 2018 to $993.8 million by 2023 with an annualized compound growth rate of 84.4%. There have been a couple of attempts by startups & existing companies to launch smartphones enabled with blockchain functionality last year & now we have a few more valuable additions to the lineup.
Sirin Labs, a Swiss-based startup developing smartphones has launched the first blockchain-powered smartphone Finney, followed by Taiwan based HTC coming out with a competitor HTC Exodus as its flagship product. Now we have three more companies jumping in the foray.
First cryptocurrency SIM card wallet
Crypto & Telecom company Telx Technologies has launched the World’s first SIM card wallet that enables the processing of Crypto transactions via SMS. According to the Medium post by the company, conducting cryptocurrency transactions would be as easy as sending out a text message on the dedicated crypto phone number.
Following are the key features of this SIM wallet:
- Each SIM costs $17
- Telx phone number acts as the digital currency address
- No need of a smartphone, internet connection, App or long wallet address
- The company’s network is available in over 180 countries
- Unlimited SMS messaging to send & receive transactions every month
- Support for Bitcoin, Litecoin, Dash, Zcash, and Bitcoin cash
- Security features like user-chosen PIN number for outgoing transactions & availability of backup keys in case of loss or theft are provided.
The company intends to make crypto transactions easy & accessible without the use of high tech gadgetry.
Huobi launches low-cost blockchain phone
One of the biggest Crypto exchanges, Huobi Global is launching a cheaper blockchain phone in Southeast Asia. Priced at $515 & dubbed as Acute Angle, the phone is being debuted by ‘Whole network’ — a Huobi backed startup. If the Huobi prime project gets underway on September 11, 2019, 10 HT (Huobi native tokens) will be burnt for each mobile phone sold.
The phone is based on Android’s operating system with current availability in China. Southeast Asia launch is expected in Q4' 2019 with the U.S & European markets availability planned for later. The blockchain-enabled phone also features push trade notifications, dApp wallet, an optional cold-wallet plugin & the NODE native token. The company has promised 5G enabled versions as well for the future.
Samsung to launch Crypto-friendly Galaxy Note 10
Samsung had launched a crypto-friendly Galaxy S10 smartphone earlier this year. Now the Korean tech giant is releasing a newer edition of its Galaxy Note 10 smartphone with a pre-installed Crypto wallet. According to a Wall Street Journal article, the new variant of the original flagship product is being introduced as marketed as a ‘KlaytnPhone.’
The phone that will only be available in the South Korean market initially comes equipped with dApps & a crypto wallet on top of the functionality of Galaxy S10 which included digital wallets & support for Ethereum-based tokens (ERC-20). The initiative seems to be another effort by the tech company to widen its blockchain ecosystem & boost the adoption of cryptos.
P.S. See Responses below for updates on these phones & others.