Pundi X moves beyond payments with first ever blockchain-based phone
Pundi X, which develops blockchain-based payment devices, on Wednesday announced it had created the world’s first blockchain-based mobile phone called ‘XPhone’. The phone will be powered by Function X, a new blockchain ecosystem, and runs on a new transmission protocol called FXTP developed by Singapore-based Pundi X.
The phone will include a blockchain-based operating system (OS) and communication protocol which will enable users to message, transmit data and make calls over a decentralized network.
XPhone will be able to work independently of centralized telecom carriers, unlike most blockchain-based phones currently being developed. “Users can route phone calls and messages via blockchain nodes without the need for phone numbers,” the company said in a statement.
“…a new kind of network and decentralized protocol like Function X will be transformational to blockchain as the browser was to the Internet. For a start, it’s putting blockchain in the hands of millions via a smartphone and returning control of their data back to them,” Pitt Huang, Pundi X CTO and co-founder, said in a statement.
This represents a new market for Pundi X, which has mainly focused on developing devices such as the world’s first point-of-sales (POS) solution. Its POS solutions allow customers and merchants to easily carry out transactions on the blockchain in physical stores.
The latest development highlights the fact that blockchain technology cannot remain confined to the financial industry.
Zac Cheah, CEO and co-founder of Pundi X, believes that XPhone will be able to set up a sizeable global pool of nodes, which can help attain scalability and decentralization for the blockchain network.
The company had displayed trial demo XPhone units for attendees at the XBlockchain Summit Inaya Putri Bali on Wednesday. At present, the XPhone OS is available to phone makers for testing.
On October 15, the company will release all details of Function X on its website. The Function X blockchain, XPhone and FXTP will all be launched together in the second quarter of next year.
Image via Shutterstock
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