For the most part, Blockchain has been used in the financial services sector, mainly due to the security it provides. Pundi X recently announced a blockchain operating system that is now powering a mobile phone: the XPhone.
Pundi X, a global developer of blockchain-based devices, last month announced the launch of its blockchain phone. The XPhone can operate independently of centralized vectors and users can route phone calls without the need for phone numbers.
The The blockchain-based operating system (OS) of the Singapore-based company and the mobile communication protocol allows users to make calls, send messages and transmit data via a completely decentralized blockchain network. In addition, PundiX has created the world's first POS (point of sale) solution, XPOS, which allows merchants and consumers to perform blockchain transactions in physical stores.
While it has been reported that XPOS has been shipped to the UK, Switzerland, Colombia, Taiwan, Brazil and South Korea, more than 100,000 XPhone devices will be scheduled for the retail market by 2021.
PundiX was founded by Zac Cheah and Pitt Huang. Zac was president of W3C of HTML5 Interest Group, while Pitt, a serial entrepreneur, founded and sold his first company similar to Groupon at the age of 25. The two started Pundi with the goal of integrating the blockchain into everyday life. IS what better way to ensure that blockchain is used every day instead of putting it on a cell phone. Here are edited extracts from the interview.
YourStory: Blockchain is widely used for the preservation of registers, banking and cryptocurrencies. How did you get the idea of building an operating system for phones?
Zac Cheah: We asked ourselves how to exploit the power of blockchain and improve every aspect of your life? What can we do and what can we do (in order) to get closer to our goal? These are the questions we ask ourselves when we develop new technologies and are what led us to create XPhone.
We started looking for a suitable public blockchain for our blockchain-based PoS device, the Pundi XPOS. We could not find one of suitable speed and refinement, nor one that had passed real world trials. So, we decided to create ours.
YS: And the result was the XPhone?
ZC: The the result was not just the invention of a new blockchain, but a new protocol for data transmission in a blockchain world – Function X – that is able to send, store, share and publish data and apps of all kinds in a completely decentralized way. It has a myriad of applications and could be used to decentralize every bit or byte of data on the Internet.
But we decided to show its applications in a working prototype for blockchain-based telephony in the XPhone.
We made the first phone call based on blockchain last week, which is a historic moment for technology.
But it is only a representation of what the function X can do, e its future applications will be larger than simple telephony; it is a protocol to change all forms of communication.
YS: Why a "blockchain-powered" phone?
ZC: We believe the blockchain is at a similar stage of development now that the Internet was in the years & # 90; We we believe that a blockchain operating system can be transformative, as it allows users to securely send and receive data of all kinds, as well as having a decentralized file storage system.
What it does is help users share data the same way they do it online, but in a much safer way through the blockchain. The idea is to put the blockchain in the hands of millions (of people) through a smartphone and giving back control of their data to them.
By offering people the choice to be independent of a centralized communication network, we have created a new use for blockchain that can be appreciated and used by most people.
YS: how does it work? Would it be compatible with other systems?
ZC: The call and SMS function based on blockchain can be activated and deactivated. The phone is built on an operating system based on Android so that it can return to the normal call through a centralized manager if users prefer it, making it completely compatible.
Unlike other "blockchain-powered" phones still under development, XPhone can operate independently of centralized vectors. Users can route phone calls and messages via blockchain nodes without the need for phone numbers.
YS: And data and data sharing? How does it work?
ZC: FunctionX uses a new decentralized information sharing protocol, different from Internet HTTP. It is powered by other devices that run the FunctionX protocol or the operating system; each of these is a "node" through which telephone calls and data requests are routed.
For example, if you register the phone's node name as "Pitt", people wishing to contact the user can call, send SMS or send an email to their XPhone by entering "call.pitt" , "message.pitt" or "mail.pitt".
If anyone wants to access my data or public content, he can simply enter FXTP: //xxx.john – similar to the HTTP protocol – to view data, images and shared content.
YS: While most phones on the market use a centralized system, and you have a decentralized system, will there be active synergies?
ZC: Basically, all phones and other future devices running on FunctionX function as network nodes through which data of all types is routed securely. This is what makes the communication path so distinct from a centralized operating system. Rather than anything that passes through a single intermediary, they pass through a decentralized network.
We do not see a large amount of crossover between our blockchain ecosystem, FunctionX and centralized data control models. Each part of the FunctionX ecosystem, from the mobile operating system to the blockchain and to the different systems and protocols used to send and publish data for the telephone, which in turn pushes towards decentralization.
However, users will be able to switch between this and the traditional model as necessary and may want to use a phone running the FunctionX operating system as a second complementary phone.
YS: Can you tell us about the challenges of setting up a blockchain-based operating system?
ZC: The biggest challenge was probably the conception of the idea. A huge amount of resources has been poured into blockchain investments, but not much has been thought of as technology's ability to be used for functions other than financial transfers and transactions.
We have developed a completely new way of communicating and publishing data using the blockchain.
YS: how long did it take to build this? Are you still looking at a revenue model?
ZC: We stayed looking at the development of a new blockchain not long after the successful sale of public tokens that we have completed for our XPOS device in January 2018. It's too early to say it again for revenue. We are discussing with mobile device manufacturers who may wish to adopt the FunctionX operating system. But we pulled out the prototype phone and we showed it publicly because it was an exciting moment and an important moment in the history of the blockchain.
We want to bring this over the telephony and towards decentralization and the revolution of transmitting all kinds of data on the Internet today. It will take some time.