In recent times, there have been claims that two business opportunities could make people rich overnight: the Chinese real estate market and Bitcoin. The world is currently obsessed with these trends, particularly with the concept of "blockchain technology and virtual digital currency."
A new player has entered the scene – the "Candy Creation Edition" blockchain phone, which is set to be pre-sold on its official website starting January 16th. This mobile phone is part of a growing trend where companies are trying to merge blockchain technology with traditional hardware. But is this just a copy of the Thunder "player cloud" model, or is it an innovative step towards a decentralized future?
According to data from 2016, China had over 1.3 billion mobile phone users, with 780 million accessing the internet via mobile devices. With such a massive user base, it's no surprise that mobile phone manufacturers are exploring new ways to integrate blockchain into their products.
Industry experts suggest that the smartphone market is highly competitive, making it difficult for smaller players to survive. While the basic function of phones remains communication, there's a growing demand for additional services like mobile convenience and data sharing. Blockchain technology, though still in its early stages, offers potential solutions by enabling secure and transparent transactions.
The Candy phone has partnered with EthereumFog Foundation to develop the first-ever blockchain-powered smartphone. Their goal is to enhance the security of the blockchain network through software and hardware innovations, reduce transaction congestion, and eventually enable decentralized storage and computing.
Some believe that the future belongs to shared economies, especially with the rise of 5G. Blockchain technology can help telecom operators optimize traffic management and attract more users. The Candy phone aims to allow users to participate in the ETF blockchain network, share their resources, and earn "candy" income in return.
Lin Zhendong, chairman of Candy, emphasized that the company’s focus will be on hardware development, integrating EthereumFog blockchain technology to provide a more secure infrastructure. This move could position smartphones as nodes in a distributed network, reshaping the entire mobile industry ecosystem.
The EthereumFog Foundation stated that mobile phones are a key direction for blockchain adoption. They aim to offer top-tier fog computing capabilities and build a barrier-free blockchain value network.
While many may not be familiar with the Candy brand, it's actually a product of the Tianzhu Group, an ODM (Original Design Manufacturer). The company hopes to become a "breaker" in the industry using blockchain technology, supported by comprehensive technical assistance from the EthereumFog Foundation.
Looking at the collaboration model, Candy appears to be following in the footsteps of Thunder's "player cloud" approach. By purchasing hardware first, then sharing services, Candy aims to create a new economic model where users trade traffic using smart contracts, earning virtual currency in the process.
Meanwhile, Meizu was also spotted earlier this week, with rumors suggesting they might be developing a blockchain wallet. A screenshot reportedly showed a "Charming Coin" app on Flyme OS, indicating a possible move into the digital currency space.
Although Meizu hasn't officially commented, they're set to hold a new product launch event on January 17th, raising expectations for more details.
Experts warn that while blockchain holds promise, the current hype around virtual currencies could lead to legal risks. Many industry insiders remain skeptical about the long-term viability of such models.
Thunder's "player cloud" model, which rewards users for sharing idle resources, has already gained traction. Its "chain" token allows users to access various services, creating a sustainable ecosystem.
Similarly, Candy's "Creation Edition" phone aims to let users share their network resources for "candy" income. This dual benefit strategy could drive sales and potentially boost the value of "candy coins."
However, some analysts question whether the primary goal is to sell hardware or to speculate on the value of the virtual currency. While both approaches could coexist, the success of the project depends on the acceptance and appreciation of the "candy coin."
As more companies explore blockchain integration, including Huawei, Xiaomi, OPPO, and vivo, the race to innovate is heating up. While Xiaomi has already begun applying blockchain in B2B marketing, other major players are likely to follow suit.
Regulators worldwide are also paying close attention. After a strict crackdown in 2017, the focus has shifted from pure token speculation to more practical applications in the sharing economy. Experts predict that the next phase of blockchain use will emphasize utility over speculation.
In summary, while blockchain technology shows great promise in areas like finance, logistics, and sharing economies, the current speculative atmosphere could undermine public trust. It's essential to focus on real-world applications rather than short-term gains from virtual currencies.
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