Indonesian point-of-sale (POS) terminal maker Pundi X Labs (Pundi X) has unveiled the event of a brand new smartphone in addition to an working system and communication protocol for cellular gadgets primarily based utterly on blockchain know-how. Pundi X claims the XPhone lets customers name, ship messages, and switch information all by utilizing blockchain as an alternative of conventional carriers.
The startup stated on Wednesday that it has efficiently made the primary telephone name on an working system powered by a totally decentralized blockchain community it’s creating known as Function X. The proof of working idea was showcased earlier this week on the XBlockchain Summit in Bali.
“Pundi X develops technology to solve challenges that blockchain technology is facing and make it usable in our life,” stated Pitt Huang, the co-founder and CTO of Pundi X, as quoted by App Developer Magazine.
“We see blockchain as being at an analogous stage of improvement to the Internet within 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 placing blockchain within the palms of thousands and thousands by way of a smartphone and returning management of their information again to them, nevertheless it additionally solutions so many different challenges.
“The potentialities for decentralized information storage and transmission are limitless. Decentralization is the core of blockchain know-how and the brand new protocol for really decentralized information transmission displays Pundi X’s perception that every thing ought to move from this core philosophy.”
Zac Cheah, CEO and co-founder of Pundi X, stated that by providing individuals the selection to be unbiased of a centralized communications community, his firm was creating a brand new use for blockchain that may be appreciated and utilized by the mainstream.
“This will have considerable implications for the future of blockchain and give life to a network large enough to support better scale, throughput, new potential applications and true decentralisation that has so far eluded blockchain,” Cheah stated.
According to a blog post, Function X consists of 5 important parts: Function X OS, Function X Blockchain, Function X IPFS, FXTP Protocol, and the Function X Docker. All 5 have one sole goal which is to decentralize all apps, web site, communications and information.
The Function X OS is predicated off the Android OS 9.0, due to this fact appropriate with Android apps, the corporate claims. Every system within the Function X ecosystem shall be a node and every may have its personal tackle and non-public key, uniquely linked to their node names.
Pundi X, which initially focuses on POS devices that support cryptocurrency payments, stated the Function X Blockchain, FXTP, IPFS, and XPhone shall be formally launched in Q2 2019. More particulars about Function X shall be launched on October 15.