The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance[1], politics[2], economics[3], automotive[4] and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution.
There has been a predictive report[5] that came out on July 11 from Marketwatch[6] that is suggesting that blockchain technology will contribute as much as $1 billion to the telecommunications sector in the next five years.
When delving deeper into the growth that is already being seen by the telecommunications sector thanks to blockchain — as well as the move toward things like blockchain-powered[7] phones — it is actually an unsurprising number.
If something like the automotive industry is already experimenting and discovering new use cases for blockchain technology — from blockchain DApps for Porsche[8], cobalt ledgers for BMW[9] and safe-driving reward programs for Mercedes[10] — then it should be expected that phones would soon follow suit.
Enter the blockchain-powered phone
Phone manufacturers are constantly on the cutting edge of innovation and technology. This is evident in the yearly releases of bigger and better iPhones and Samsung phones — for example, as these two giants of the space always look to one up[11] each other.
But, there are now phone manufacturers that are trying to leave the competitive battle behind and start a new blockchain-based battle, which will see companies creating phones that are purposefully built for cryptocurrency enthusiasts.
However, it is not only
