Touted to be the “world’s first blockchain smartphone,” the Finney is due to arrive before 2018 ends, and when it does, expect a spec list that will rival any other flagship smartphone.
Sirin Labs has tapped Foxconn, a major manufacturing partner of Apple, to create the Android-based blockchain smartphone. The Finney, named after the late Bitcoin developer Hal Finney, will feature an embedded cold storage wallet for cryptocurrency.
Data supplied to Endgadget showed the6-inch smartphone will be powered by a Snapdragon 845, with 6GB RAM and 128GB storage. The Finney’s main camera will have a 12MP, f/1.8 lens with laser autofocus, and an 8MP, f/2.2 selfie camera. An “ultra-secure” fingerprint sensor rounds up the initial spec list for Sirin Labs planned smartphone.
Sirin Labs will develop the cold storage wallet hardware and a special operating system, Sirin OS. The cold storage wallet supports major cryptocurrencies, according to the startup.Finney owners will no longer need to uses cryptocurrency exchanges to convert their money. According to reports, Finney—which will come with a $999 price tag—will be the solution for all blockchain fanatics who need the extra privacy during their transactions. The cold wallet will have a behavioral-based intrusion prevention system, secured communications, and three-factor authentication for increased security.
In addition to creating the smartphone, the company also plans to develop an all-in-one Finney personal computer. All Finney devices are designed with built-in cryptocurrency wallets and automatic token conversions.
Sirin Labs announced the project in 2017, and subsequently raised more than $158 million through its initial coin offering (ICO) to turn the idea into a viable product. Sirin previously said that it has received 25,000 pre-orders for the phone and hopes to begin shipping in October. It plans on launching eight retail stores in Vietnam and Turkey, and wants to partner with mobile phone carriers in the future to compete against names like Samsung and Apple. The company anticipates selling between 100,000 and “a few million” this year.
New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.
