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Sirin Labs and Foxconn to Introduce First Blockchain Smartphone Soon

The smartphone will be designed to store and use all digital currencies securely

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Sirin Labs and Foxconn to Introduce First Blockchain Smartphone Soon. The Swill-Israeli Tech firm ‘Sirin Labs’ said that ‘FIH Mobile’- a subsidiary of the world’s leading electronics producer Foxonn will manufacture Finney- first blockchain smartphone. The smartphone is designed to store and use all digital currencies securely such as ethereum, Bitcoin etc. in freeless transactions.

  • [highlight color=”blue”This Smartphone would be designed to securely use and store digital currencies
  • The company raised approx. $157.8 M for an open source blockchain phone
  • Sirin to sell this smartphone through 8 stores located in Vietnam & Turkey

Sirin Labs and Foxconn to Introduce First Blockchain Smartphone Soon

Read Also: What Makes Blockchain So Revolutionary-Complete Guide on Blockchain

Finney-the world’s first-ever blockchain smartphone will automatically convert tokens to use decentralized applications. And there will be no need to obtain various tokens via an exchange process.

The company, Sirin Labs said:

“It has raised $157.8 million (approx. Rs. 1,000 crores) in an initial coin offering (ICOs) in December to support the development of an open source blockchain smartphone and a blockchain personal computer.”

Sirin Labs has planned to sell the world’s first blockchain smartphone across Turkey and Vietnam stores. Whereas, according to Bloomberg Report up till now more than 25,000 units are pre-ordered by the companies in the mentioned area.

The company aims to ship around 100,000 million unites in this year, according to a report.

Read Also: The Blockchain Technology and Cryptocurrency

We can’t say anything about the success of first blockchain smartphone, as it is too early to have any view on it. But there is no doubt that blockchain is revolutionizing various industries across the world. It is expected that soon other companies will also come up with their blockchain smartphones to support secure digital transaction.

Source: Gadgets NDTV
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Saima Khan

I'am a reader, writer, researcher, tech savvy, nature lover and above all a "Rebellion" against the pessimistic mentality. For me "words have power" and I 'm just in a struggle to light-up the world with peace & optimism. I, as the Co-founder of Informationistan, want to make people aware of all types & fields of news both national and international.

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