A Blockchain smartphone is not just a gimmick anymore as Sirin Labs has made it official and released the specification of Finney – the long-awaited and revolutionary smartphone. The world’s first blockchain smartphone, Finney – named after bitcoin pioneer Hal Finney, is due to hit the shelves at some point this year.
Last year, Sirin labs raised $157.8 million during a campaign, boasting one of the largest crowd-sales for its much-anticipated blockchain smartphone. Sirin Labs has recently partnered with FIH Mobile, a subsidiary of Foxconn Technology Group, for the manufacturing and production of this extraordinary device. Here’s the list of specs revealed by Sirin Labs –
Let’s not deny that smartphones are getting boring, at least for a few, with their almost iterative updates and predictable technology, so something that is quite the departure or doesn’t fit the mould, would not fail to intrigue. Finney packs all the specs that you’d expect from flagship smartphone, and of course, being based on blockchain technology makes it more secure. Security has become a top priority for the tech industry in the wake of Facebook data breach fiasco.
Finney incorporates “advanced blockchain and cryptocurrency trading algorithms” to support blockchains applications, encrypted communication and secure exchange access. The most interesting feature is the built-in cold storage wallet to hold all of your various cryptos. The device runs on the proprietary and Google certified build of Android called “SIRIN OS“. Finney will offer an ultra-secure platform to both stores and use cryptocurrencies in the mobile environment while providing an incredibly simple and seamless user experience.
It’s a good news for both crypto enthusiasts and people who are open to something new. While the majority of folks try to look away when someone tries to spark a conversation surrounding blockchain or cryptocurrency, yet the number of blockchain wallet users has spiked gradually, since the creation of the first virtual currency bitcoin in 2009, and will continue to grow. The number of blockchain wallet users worldwide has shown a strong growth from 17.25 Million in Q3 2017 to 23.95 million in Q1 2018.
A blockchain smartphone is bound to transform the crypto industry and eventually the payments market. Of course, the device will make people more comfortable with an alternative payment channel. The growing prominence of crypto and blockchain will get an additional push with the hardware support that will impact the potential to disrupt the tech industry.
Sirin Labs has just demystified Blockchain beyond digital assets and cryptocurrencies. Finney will clear the cloud of scepticism around cryptocurrency and the blockchain technology. Although the nuances of crypto are more popular among the millennials, the interest of enormous smartphone users across the world and the rapidly increasing online shoppers might also pique in future with the arrival of Finney. As it didn’t take much time for people to adopt the use of digital wallets, it’s just a matter of time for crypto wallets to penetrate through the tech ecosystem. The blockchain phone, Finney could aid mass adoption of the cryptocurrency and the blockchain among people who are still clueless about the technology.