HTC to Boost Focus on Blockchain Telephones, AI Following New Employees Cuts

Taiwanese phone maker HTC confirmed before this week that it would axe positions to remain aggressive and superior concentration on a handful of substantial-close items, which include the EXODUS, its blockchain phone. 

HTC, which has around 3,000 staff members, has not disclosed the scale of the lay-offs or the departments that will be most afflicted, in accordance to a report from Taiwan Information. This will be the third spherical of job cuts staff at the phone maker have confronted in the past 5 decades. The organization enable go 2,250 staff members in 2015, and minimize a even more 1,500 in July 2018. 

HTC says the downsize will allow it to keep an impressive edge for a range of its items. This consists of its digital reality system VIVE, as perfectly as the EXODUS, its series of blockchain-run smartphones. 

Initially unveiled in May perhaps 2018, HTC’s EXODUS phones can connect to decentralized networks and allow consumers to download and operate decentralized apps in substantially the very same way as traditional applications operate on smartphones. The phone also doubles up as a hardware wallet, delivering entrepreneurs with a secure and cellular suggests to keep their cryptocurrencies. 

An in-wallet cryptocurrency swap attribute, at first enabling quick exchanges among ERC-20 tokens, was additional before this yr.

The EXODUS went on sale at the close of 2018, and was at first only accessible to purchase in cryptocurrency. HTC’s most recent blockchain-run phone, unveiled this Oct, can operate a total bitcoin node. Potential ideas include introducing aid for Binance Chain, with a new special edition of the phone.

The EXODUS is not the only blockchain phone on the marketplace. Sirin Labs also began shipping and delivery its own blockchain phone, the Finney, at the close of 2018. Samsung launched its Galaxy S10 before this yr, which is completely suitable with ERC-20s, dapps and bitcoin. There have also been stories that LG is considering launching its own product, while nothing has been confirmed. 

Far more normally, competitiveness in the smartphone house, from founded rivals like Samsung and Apple, as perfectly as new entrants like Google, has strike HTC’s marketplace share and may well have put the organization below considerable financial strain. Profits is reportedly down, with July sales only reaching $1.5 million, in accordance to Liberty Instances.

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