Today I read about HTC's Exodus 1, new Blockchain smartphone that only people with crypto-currency can buy. SCMP described in very simple terms what this phone is for:
Both HTC’s Exodus and Sirin’s Finney smartphones feature a built-in digital wallet application that will enable users to securely store and use cryptocurrencies, such as bitcoin and ethereum, in daily transactions.
Those smartphones are designed to replace the special memory sticks, which employ complex usernames and passwords to access, that cryptocurrency investors use to store their digital money. These investors typically store most of their cryptocurrencies in such hardware, which are kept offline as a means of security.
“There are things that a phone manufacturer can do with a chip that nobody else can,” said Chen. “We want to be safer than the existing hardware wallets … HTC has a track record of making trusted hardware.”
The company’s Exodus smartphone, for example, can serve as a “node”, which can connect to certain blockchain networks to enable trading of tokens between users. It will also be able to act as a so-called mining rig for users to earn new tokens tied to the Exodus blockchain.
“At some point, we’ll do our own utility token,” said Chen, adding that there was no timetable for such a token release.
HTC’s foray into blockchain, the distributed ledger technology behind cryptocurrencies like bitcoin, represents a strategy to keep the company relevant in smartphones, which is a market dominated by Samsung Electronics and Apple, followed by Huawei Technologies, Xiaomi and other major Chinese brands.
Anyway, the blockchain smartphone reminds me of the joke above (via marketoonist). The second technology mentioned in this joke is AI or Artificial Intelligence.
I heard HP Enterprise talk about AI recently and this picture above is a nice simple way to show how Deep Learning (DL), Artificial Neural Networks (ANN), Machine Learning (ML) and Artificial Intelligence (AI) are related.
I see AI and blockchain often referred to together. This does not necessarily mean that they are related. iDate allowed me to share a recent presentation (embedded below) that refers to AI & blockchain as Yin and Yang. Anyway, I am happy to learn more so if you have any thoughts please feel free to share.
Further Reading:
- PWC: How can telecom, media, and entertainment find the value in blockchain?
- Jisc: Blockchain: An Enabler of Efficiency, Choice and Agility in Education
- PWC: Building blockchains for a better planet
- AT&T Launches Blockchain Solutions Targeting Supply Chain and Healthcare
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