Business is always changing, and industries are constantly getting disrupted, eliminated and new ones come up. One industry that looks like it’s up for a major disruption is the mobile carrier business. This is all thanks to the blockchain platform PundiX. PundiX has announced the launch of function X, a blockchain solution that allows users to access mobile services without having to go through centralized mobile carriers. It is a fully decentralized blockchain that is made for practical use, as opposed to most other chains that focus on the tech, and lag behind in terms of usage. Take a look at what the PundiX team had to say about this on their medium page.
“And it runs on another Pundi X invention, one which holds even more potential: the Function X blockchain. We’ve developed our own chain which we believe will answer many of the challenges facing the many blockchain platforms today by increasing its scale, ability to publish DApps and achieve true decentralization. It will also revolutionize the way we transmit data of all kinds: giving rise to a truly decentralized internet.”
The best part about function X is that it is based on Android OS 9.0, which makes it easy for Android developers to create apps on the function X blockchain. This gives the XPhone an edge in terms of adoption going into the future.
In essence, XPhone stands a good chance at adoption in the market, and could be a real threat to the mobile carrier business. It stands to gain in adoption because blockchain phones will give users some advantages that ordinary phones don’t have. The first of these advantages is privacy. Since there is no central entity in between, and everything is on the blockchain, users can be sure that all their interactions on their XPhones are private. This will play a huge role in driving up the uptake of this phone.
The second one is security. Since this phone runs on the blockchain, it means that it cannot be hacked, which is a major concern for most people at this point. On the basis of these strengths, XPhone could hit the markets as one of the bestselling phones in the market, and as this happens, the whole idea of centralized mobile carriers could be rendered obsolete.
For PundiX investors, this is a huge plus to their investments, one that could see the value of this crypto gain by a significant margin. That’s because this development adds to the intrinsic value of PundiX (NPXS) the token, a token that is already doing well, due to the increased uptake of the PundiX blockchain, through the PundiX POS devices. As such, with the entry of this new innovation, the function X, the value of this blockchain is set to skyrocket going into the future.
Upside momentum is already gaining momentum as can be seen in the price action of PundiX in the last 24 hours. In this period, PundiX has shot up by over 8%, in spite of the fact that the rest of the market is still in the red. If things continue on this trajectory, then PundiX could be one of the best investments in the market going into 2019.