A Blockchain Smartphone Is Now Being Manufactured By Foxconn
A start-up named Sirin Labs has placed an order for 25,000 ‘blockchain smartphones’ at Foxconn. The blockchain smartphone will receive the name ‘Finney’ and features a number of cryptocurrency features such as a built-in hardware wallet and support for P2P resource sharing.
Detailed technological specifications of the Sirin Labs Finney smartphone are still a bit scarce at the moment, although the phone will ship with a regular-sized 5.5-inch display, 6 gigabytes of internal memory and 64 GB of storage capacity. The main camera uses an unidentified 12-megapixel snapper, while the front camera ups it resolution-wise with 13 megapixels. The system-on-a-chip is still unknown at the moment. Although the Finney certainly doesn’t stand out with these specifications, the blockchain phone does have unique Sirin Labs software.
Aside from the aforementioned cryptocurrency hardware wallet as well as the P2P functionality, the Finney offers a security switch for tokens, as well as three-steps authentication via biometrics, a regular password pattern and also behavior’. It’s unclear at the moment what that third authentication method precisely entails, although the company should reveal more information about its Sirin OS layer on top of Android.
According to a report by Bloomberg, the start-up has ordered 25,000 pieces of their first blockchain smartphone at Foxconn, which produces smartphones and parts for major companies such as Apple. The first devices are sold via crowdfunding with a price tag of $999.
It appears Sirin Labs has no intention of conquering the smartphone world, but the Finney is more of an example of what is possible with their software. Reportedly, Sirin Labs is in talks with Huawei to license their software according to an interview with the start-up’s CEO.