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World’s first blockchain phone to launch in November

Blockchain phones will become a reality sooner than expected. Apart from Sirin Labs’ Finney, HTC will launch its Exodus blockchain phone later this year.

Indo Asian News Service

Switzerland-based Sirin Labs’ Finney, the world’s first blockchain smartphone, will be launched in November. Priced at $999 (`68,000 approximately), Finney blockchain phone is said to come with a dual-screen design.

Finney will run on Android 8.1-based Sirin OS and come with behaviour-based intrusion protection system (IPS), secure communications, multi-factor, a cold storage cryptowallet and a proprietary decentralised application (DApp) store alongside Google Play store, Zdnet reports.

“The vision of Sirin Labs right now is to bridge the gap between the blockchain economy and the mass market, by basically addressing and resolving these two inherent problems,” said chief marketing officer at Sirin Labs, Nimrod May.

Finney devices will be manufactured at FIH Mobile’s (a Foxconn subsidiary) existing facilities. FIH Mobile will design and manufacture the phone while Sirin Labs will lead the development of the wallet hardware and operating system (OS).

Before Finney blockchain phone, Sirin Labs launched a super expensive Solarin smartphone about a couple of years ago priced at $14,800.

The first major smartphone company to join the blockchain bandwagon is HTC. The company has already confirmed it will be launching Exodus blockchain phone later this year. It’s likely the phone will be debuted before Sirin Labs’ Finney phone.

HTC is hoping the phone will help democratise the blockchain network. Phil Chen, who is driving HTC’s blockchain project, aims to “make decentralisation a reality.” He hinted that the phone will be priced around $1,000 (`69,000 approximately), equivalent to Apple’s iPhone X. Chen also said that HTC Exodus blockchain phone will be available in the markets outside China, according to an Independent report.

(HT Media)

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