Published in Mobiles

Sirin creating blockchain phone

by on28 September 2017


Open Source and fee less

Sirin Labs is developing an open source model that runs on a fee-less blockchain technology.

Dubbed the Finney, after Bitcoin pioneer Hal Finney, it aims to be the only smartphone in the world that's fully secure and safe enough to hold cryptographic coins.

According to Sirin, all Finney devices - there's an all-in-one PC coming, too - will form an independent blockchain network powered by IOTA's Tangle technology. The network will operate without centralized backbones or mining centres cluttering up the transaction process, using the SRN token as its default currency. Only SRN token holders will be able to purchase the device) And it'll all run on a Sirin operating system specially designed to support blockchain applications such as crypto wallets and secure exchange access.

It will not be cheap.  The phone will sell for $1,000 but to be fair it will have a 256GB internal memory and 16MP camera amd a security suite enough to satisfy the most discerning spy or terrorist.

There is a behavioural-based intrusion prevention system, physical security switch and blockchain-based tamper proof feature. Of course, it is hackable, but it is going to take an effort .

Sirin has not been doing that well. It launched an expensive secure phone called the Solarin, but just 10 months after its launch the company laid off a third of its staff, claiming it would be "pursuing new directions to a new product line".

Last modified on 28 September 2017
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