Huawei, Sirin Labs In Talks To Build Blockchain Enabled Phone

March 22, 2018

Huawei, the world’s third-biggest mobile phone maker, is reportedly in talks with Sirin Labs to develop a smartphone that will be able to run blockchain applications.

Switzerland-based Sirin Labs, the creator of the $17,000 ultra-secure Solarin smartphone, is developing the first blockchain smartphone and all-in-one personal computer called Finney. The phone is powered by an operating system called SIRIN OS, which is designed to support inherent ‎blockchain applications such as cold storage crypto wallet, secure exchange access, encrypted ‎communications and a P2P resource sharing ecosystem for payment and apps.‎

According to reports, Huawei executives met with a team from Sirin Labs to discuss licensing the SIRIN OS to run blockchain applications alongside Google’s Android system. Talks are reportedly preliminary and no agreement has been signed. Talks are reportedly preliminary and no agreement has been signed.

A source familiar with the plans said have met with Sirin Labs’ team over the past two months. A caption under a picture on Sirin Labs’ Telegram chat group was quoted as saying, “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 founder and CEO Moshe Hogeg also confirmed the news ‎on Twitter indicating that his company met with representatives of ‎Huawei.

Techspot reported that Huawei may use blockchain technology to register all of its active devices on their network so that proof of ownership could be made by producing the unique keys associated with a particular device on the ledger.

Earlier this week, Chinese tech firm Lenovo unveiled its first blockchain smartphone, Lenovo S5, which features an encrypted and secure payment space.

Some industry analysts believe that a blockchain phone is nothing more than a publicity stunt because the basic function of a smartphone is to facilitate communication between people, and blockchain is still in its infancy which can hardly improve smartphone features.

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