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Do We Really Need Blockchain Smartphones?

LI Solana Saga Source: Solana Mobile

People stopped caring about smartphones, my colleague wrote Anton D. Nagy A few days ago. One of the reasons for this behavior, he says (and with which I totally agree), is that smartphones have become boring, and there is nothing exciting about future smartphones. There’s very little innovation in the smartphone space right now, and while some companies are taking steps to change the perception, the notion is largely the same.

To compete with big players like Apple and Samsung, new companies often have to take a different approach in order to position themselves distinctly and bring the feeling of innovation. Nothing, the company founded by OnePlus co-founder Carl Pei will soon release an Android smartphone with over 900 LEDs on the back – it acts as a notification light, charging indicator, and more. Similarly, OSOM, a startup created by former Essential employees, announced earlier this year that it would launch a privacy-focused smartphone called OV1 in Q4 2022.


At the time, OSOM revealed that its OV1 smartphone would provide a private experience. Although we never knew what the company meant by private experiencehe revealed that the OV1 smartphone will be powered by a Snapdragon 8 chipset and will come with a privacy cable that will come with a toggle switch that will allow users to power off ‘ data gathering’. And, in a massive turn of events, it looks like the company has changed its plan.

The company no longer markets the OV1 as a privacy-focused smartphone. In fact, it looks like the company has abandoned the OV1 project entirely. Instead, OSOM has partnered with Solana, a public blockchain company, to launch a new smartphone called Solana Saga. Solana says Saga is a Web3-focused smartphone. But what exactly will Solana Saga offer, and how is it different from other Android smartphones? Let’s break it down for you.

What is the Solana Saga smartphone and what will it offer?

Smartphone Solana Saga Source: Solana

The company is marketing Saga as a smartphone that will offer unique features and features that are tightly integrated with the Solana blockchain. It’s a blockchain smartphone that will facilitate and secure Web3 transactions and digital asset management. It will be powered by Android, but instead of offering Google Mobile Services (GMS) – the tool Google provides developers to support apps on several different versions of Android – Solana Saga will offer Solana Mobile Stack (SMS).

The Solana Mobile Stack will allow users to store their on-device cryptocurrency wallet keys securely on a “secure element”. It will also help developers with the tools needed to create secure wallets and Web3 applications for Solana Saga. And oh, for those looking for specs, as you’d expect from a $1,000 smartphone, the Solana Saga is said to offer top-of-the-line specs. Solana says the Saga will feature a 6.67-inch screen, Qualcomm’s Snapdragon 8+ Gen 1 processor, 12GB of RAM and 128GB of speedy internal storage.

With the Saga smartphone, it looks like Solana wants to take the lead in the upcoming space and let developers build the whole world of web3 apps and cryptocurrency wallets. It will provide developers with the necessary tools and APIs to build the entire ecosystem. But do we really need Blockchain smartphones right now?

Why Blockchain Smartphones Don’t Make Sense (Right Now)

Cryptocurrency wallet Source: Unsplash

To answer it simply: no, not really. We can already use what is called decentralized applications on any Android smartphone. You just need to install the corresponding cryptocurrency wallet app on your smartphone and make payments through these apps. The rest of the decentralized applications are also available to everyone on the app stores. Yes, the Solana Saga will provide more privacy and security features, but the encryption systems of existing cryptocurrency wallets are also difficult to crack and no one keeps their life savings on their smartphone anyway.

And then there is the case of the HTC EXODUS. The company launched its first blockchain smartphone in 2018, but it fell short of expectations. There was nothing really outstanding about EXODUS, and it failed to please the masses. There’s also the case where the current state of web3 is (somehow) unclear to non-techies. Most of the projects/apps are currently in the development stage or are half-baked and buggy platforms. Yes, Solana provides a development tool for the developer, but currently there is no guarantee that its app ecosystem will be as good as, for example, Google Play Store or Apple’s App Store.

And finally, the price. Solana has priced the Saga smartphone at $1,000. The high cost of the smartphone could attract half of those interested. There are many excellent Android smartphones available at half price, and you can use the cryptocurrency wallets currently available on all of these devices, which defeats the purpose of owning a Blockchain smartphone. Sure, Blockchain smartphones might make sense in the future, but are they currently? What are your thoughts? Would you be interested in buying one? Let us know in the comments section below!

#Blockchain #Smartphones

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