The company presented its latest iteration at the IFA 2019 event in Berlin this week. It plans to launch pre-orders in Q4 2019 at a price of USD599 via Kickstarter and PundiX’s XWallet.

In its statement, the firm said the phone – now officially called “Blok on Blok” or BOB – will have all data processed over its Function X blockchain system, with no centralized service providers storing users’ private information.

BOB will enable users to switch between PundiX’s blockchain operating system, which powers the decentralized services, and the Android system. The phone will also be customizable. It will come with a “MOD Assembly Kit” with detachable parts that allow buyers to modify the device’s external look.

Zac Cheah, co-founder and CEO of Pundi X, said: “BOB marks a big step forward in our mission of creating a Blockchain Internet, a fully decentralized network where every piece of data shared is under the owner’s control. More importantly, BOB gives a sneak peek of a world powered entirely by blockchain technology, where everyone has control over their own data and everything is executed with the expectations of immutability and transparency.” BOB will further allow the use of decentralized apps (dapps) and access to blockchain services, as well as supporting the Function X network.

PundiX said it would release 5,000 pieces for sale before a full retail launch. The reveal of PundiX’s device comes at a time when several other companies are announcing the launch of their own blockchain phones. LG said it was close to the launch of a device, while HTC is also apparently working on one. Samsung and crypto exchange Huobi have already launched phones that support cryptocurrencies and blockchain.