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Finney: This Will Be The First Blockchain Phone In The World

Sirin Labs is developing the first integrated phone with Blockchain technology called Finney on the market. SIRIN strengthened ties with Foxconn International Holding (FIH), with whom the fundraiser (US $ 157.8 million) began for the device, called ‘Finney’.

For its part, the new devices will integrate prominent functions in Blockchain technology, such as the use of its Finney OS operative system, P2P (peer-to-peer) transactions, digital wallets and cold storage, as well as the solution of recurring problems in the field such as the scalability of the network, the cybersecurity factor and the speed of digital shipments.

The purpose of this sirin labs finney is to store and perform digital currency transactions more securely and quickly with a zero transaction fee. It would be useful for people who are used to doing cryptocurrency transaction or involving on it!

In this computer age, where the speed of operations implies the difference in quality of services, this device will promise to satisfy these current needs. Since it will allow the automatic conversion of any cryptocurrency thanks to its different decentralized applications.

The Finney is not the first experience with this type of smartphone from Sirin Labs. The predecessor, Solarin, ultra-secure smartphone of $ 14,000 for which the company had the backing of Israeli security contractors, failed to settle in the segment of the target market and the company had to carry out a restructuring that affected a third of Sirin’s employees.

Sirin Labs raised $157 million in last December for the finney cryptocurrency project by an initial coin offering, in addition to $70 million raised previously, as reported by CoinDesk.

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Recently they reveals the specifications of finney smartphone, which are bit difference then others. Though we expect more progress on this innovative development soon.

Sirin Labs Finney Smartphone Specs

PLATFORM

  • Qualcomm Snapdragon 845
  • 128GB of storage
  • 6GB RAM
  • Android 8.1

COLD STORAGE PORTFOLIO

  • Secure hardware element
  • Supports the main cryptocurrencies and tokens

TELEPHONE DESIGN

  • Back made of Gorilla Glass
  • Metal frame
  • Mechanical volume keys
  • Water resistance IP52
  • Nano-SIM
  • Slot for SD memory card

SCREEN

  • Display
  • 6 “18: 9
  • Resolution 402PPI
  • 95% NTSC
  • Contrast ratio of 1500: 1
  • Ultra-low reflection
  • Fingerprint sensor

Radio frequency (RF)

  • GSM, CDMA200, UMTS, TDD LTE, TD-SCDMA,
  • 22 LTE (4G CAT12) bands
  • WiFi 802.11 a / b / g / n / ac 2 × 2 MIMO
  • Bluetooth 5.0

AUDIO

  • High quality speaker
  • Side-shooting audio design

BATTERY

  • > 3000mAh
  • Charging time: 30 min – 50%, 2 hours – 100%

Foxconn International Holding (FIH) is in charge of manufacturing the devices in their facilities. They working on the original design while SIRIN LABS is in charge of cold storage hardware and the SIRIN operating system. “Our team has been working hard to make sure that the first blockchain smartphone is innovative in all technical aspects. Our collaboration with FIH ensures that we will offer cutting-edge design with a device architecture that will allow for true security”. Also, add, it will be easy to use.

Conclusion

The phone will run its own SIRIN OS operating system from Sirin Labs based on Android Oreo. The operating system will be Open Source with a license for the manufacturers. In a few words, it is purpose mainly for security in terms of digital currency transactions, so it will be safer and with less risk of attack. The price will be $ 999.

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The finney smartphone is probably to start shipping in next October for around $1,000, and will be sold initially at eight new stores, according to Bloomberg.

The Switzerland-based company SIRIN LABS states that they already get more than 25,000 pre-orders units, and hopes for sell between 100,000 and a few million units in 2018.

Do you think that a sirin labs blockchain phone is really necessary?

 

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laniakea
 

Futurescope’s co-author and an aspiring entrepreneur who keeps a close eye on open source, tech giants, and new trends.

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