Pundi X to unveil a blockchain-powered phone
Pundi X has successfully created a blockchain-based OS and communication protocol for mobile devices, allowing users to make calls, send messages and transmit data via a fully decentralized blockchain network.
Powered by Function X, an ecosystem built entirely on and for blockchain, the new mobile phone called “XPhone” runs on a new transmission protocol for the blockchain age. The innovation significantly expands the use of blockchain technology beyond financial transfers.
Unlike other “blockchain powered” phones still in development, XPhone can operate independently of centralized carriers. Users can route phone calls and messages via blockchain nodes without the need for phone numbers.
Function X, the new blockchain ecosystem also enables users to securely send and receive data of all kinds, via a new transmission protocol, FXTP, while a decentralized file storage system is known as IPFX. Users will be able to share data in much the same way as they do online securely via the blockchain, while developers can quickly and easily publish decentralized applications via FXTP.
“Pundi X develops technology to solve challenges that blockchain technology is facing and make it usable in our life,” said Pitt Huang, Co-Founder & CTO of Pundi X. “It took decades before the uses of the internet could be applied widely enough to reshape the global economy, human relationships and governance.”
“We see blockchain as being at a similar stage of development to the Internet in the early ‘90s, 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, but it also answers so many other challenges,” he said.
Pundi X CEO and Co-Founder Zac Cheah said that the XPhone has the potential to establish a large global pool of nodes that can be harnessed to help achieve scalability and decentralization for the broader blockchain ecosystem.
The XPhone OS is currently available to phone manufacturers for testing. The detailed information of Function X will be available on functionx.io on October 15. The Function X blockchain, FXTP, IPFX, and XPhone will be officially launched in Q2 2019.
BlackBerry meets the Demands of the Hyperconnected Workforce
WATERLOO, Ont. : BlackBerry Limited (NYSE: BB; TSX: BB) announced new features...
Airtel Payments Bank introduces ‘Atal Pension Yojana’ for its customers
Airtel Payments Bank has announced the launch of Atal Pension Yojana for its s...
Nihilent recognized as the BI Partner of the Year
India: Nihilent Inc. announced on the 2019 Microsoft Power BI Partner of the Y...