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Is Huawei Getting Ready to Develop a Blockchain-Ready Smartphone?

Is Huawei Getting Ready to Develop a Blockchain-Ready Smartphone?

Chinese ICT giant Huawei is currently negotiating with Sirin Labs in an effort to license their Blockchain based OS.

Sirin Labs
SIRIN LABS’ vision is to become the world’s leader in secure open source consumer electronics, bridging the gap between the mass market and the blockchain economy.

Sirin Labs, an Israeli tech startup, has revealed that while representatives from both camps have met and discussed the possibility of a collaboration, nothing concrete has been finalized as of yet.

If things work out as planned, Huawei Technologies Ltd, the world’s third-largest smartphone maker will be on its way to developing a mobile device that will be able to seamlessly deploy blockchain apps. In addition to running the Sirin OS, the mobile will also feature Alphabet Inc.’s Android system, thus allowing for dual-functionality.

Looking Ahead…

This move is a first of its kind, and if successful, will allow Huawei to capitalize on a niche’ blockchain market.

Huawei Technologies Co., Ltd. is a Chinese multinational networking, telecommunications equipment, and services company headquartered in Shenzhen, Guangdong.

Since the global adoption of cryptocurrencies has been taking place at an extremely rapid pace for the past year or so, a smartphone that provides people with streamlined access to their virtual holdings will definitely be welcomed by the masses.

To put things into perspective, even after going through a relative slump for the better part of this year, the crypto market is currently valued at around $350 Billion.

Executives from Sirin and Huawei have been continually meeting over the past couple of months, but they remain tight-lipped about their negotiations. However, Sirin’s Telegram chat group posted a photo last month with a caption that read:

“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.”

The future looks blockchain ready…

One may be tempted to think that a smartphone that allows for blockchain use may be a thing of the future, but as per reports, Sirin OS comes packed with a wide array of features such as:

  • A cold storage crypto wallet
  • Unique safety module that allows for secure exchange access
  • Protected channels that promote encrypted ‎communication between users
  • A decentralized ecosystem that streamlines payments and makes app development easier.‎

While Moshe Hogeg, Founder and CEO of Sirin Labs, continues to divulge very little about his company’s upcoming smartphone. He did boast that pre-orders for “Finney” had crossed the 25,000 unit mark.

The phone should be available in stores sometime after August, and if the hype is anything to go by, this really could be the start of something big.

For more information on Sirin Labs, check out our coin profile or watch the video below.

Filed Under: Adoption, Technology

Shiraz is a cryptocurrency journalist and analyst living in Melbourne, Australia. When not exploring the emerging blockchain ecosystem, he loves to play the blues and dabble in the world of meditation.

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