Pundi X Unveils Blockchain-powered Phone

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Pundi X announced it had 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 eco-system, 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, the co-founder and 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.

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 decentralisation for the broader blockchain ecosystem. “Scalability in blockchain is derived from the number and geographic spread of nodes,” Zac said. “While certain blockchains such as Ethereum have achieved an admirable spread of nodes at 15,000 through transaction-based protocols, it’s clear that achieving a critical mass in terms of scale will require something with utility for the vast majority.