HTC’s blockchain-powered Exodus smartphone is a risky bet that needs to pay off

In May, HTC first announced that it was working on a blockchain-powered smartphone called the Exodus. The news came as one of the company’s more intriguing projects after a poor start to the year. Last year, HTC shipped over 2 million products in Q1. This year, it shipped only 630,000 products in Q1, according to numbers from IDC.

HTC is in pretty poor shape after a round of layoffs last week where the company laid off 1,500 employees in Taiwan in hopes of becoming profitable. Sales in June were down 68 percent, according to the company. Its latest flagship, the U12 Plus, has received largely negative reviews over its odd solid-state buttons and software bugs.

It’s a less than stellar time for blockchain, as well. Cryptocurrency prices…

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