The phone, reportedly dubbed 'Exodus, ' will feature a universal wallet and built-in secure hardware that supports cryptocurrencies and decentralized applications.
HTC is hoping that all its Exodus phones will act as nodes for facilitating blockchain transactions, including cryptocurrency exchange. If that doesn't get you Mr. Robot fanboys going, I don't know what will.
Chen wrote in a blog post " Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more. "We would like to support the entire blockchain ecosystem", he said. "With the release of the HTC Exodus we can now make this a reality".
HTC isn't the first to tout a blockchain phone.
Exodus is expected in October. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.
HTC is not the first company to envision a blockchain smartphone.
The device will also feature what's supposed to be a trusted and user-friendly UI for DApps.
In addition to cryptocurrency manipulation, blockchain is touted for its ability to offer both better security and user experience by incorporating cold wallet storage - offline cryptocurrency storage - directly into the phone.
You'll also be able to easily trade with peers on the phone's network - without any mining fees.
While there aren't too many details on the new smartphone, the company did give some idea of what to expect.