Huawei Talks with Sirin Labs to Develop Blockchain-Based Smartphone

Huawei Talks with Sirin Labs to Develop Blockchain-Based Smartphone

in News
The world’s third-biggest smartphone maker, Huawei, which recently launched its Mate 10 Pro and is about to debut its upcoming P20 lineup, is considering making a new mobile phone focused on running blockchain-based apps, according to Bloomberg. It wants to license Sirin Labs’ operating system, Sirin OS, to run blockchain apps alongside Android. But the two companies are reportedly only talking at this point. Huawei executives have met with Sirin Labs’ team over the past two months, the people said. A caption under a Feb. 28 picture on Sirin Labs’ Telegram chat group reads,
“Amazing meeting just concluded between Sirin Labs and Huawei. Among other things discussed was the possibility of cooperating together to bring blockchain technology to the masses in a secure way.”
Sirin Labs is also working to develop its own blockchain-based smartphone. The company is planning to sell its Finney phone for about $1,000 after the second half of this year and has pre-orders for more than 25,000 units, according to Sirin Labs spokesman Nimrod May. There are a few advantages to using blockchain. It’s basically a ledger that records every single transaction chronologically. This ledger is decentralized, meaning that there’s no one corporation or organization that holds all of its information. Instead, the information is stored across all devices. The technology has been mostly adopted in the cryptocurrency world — but it could easily be applied to other areas. It has also had yet to become a mainstream concept — though adoption by companies like Huawei could help change that. Sirin OS comes packed with a wide array of features such as:
  • A cold storage crypto wallet
  • Unique safety module that allows for secure exchange access
  • Protected channels that promote encrypted ‎communication between users
  • A decentralized ecosystem that streamlines payments and makes app development easier.‎
SIRIN Labs, a Blockchain privacy-oriented electronics and OS supplier established in 2014, actually develops its own Blockchain-based phones alongside with a crypto wallet and crypto exchange-like platform, converting digital tokens to fiat money for running DApps. On Dec. 15, the company was reported to raise $100 mln in less than 24 hours on its token sale for what it claims is “the first blockchain infused phone.”

What do you think of the new Huawei project? Do you think all the smartphones in future will be blockchain-based? Share your opinion in the comments section below.

 

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