Foxconn Subsidiary Set to Build Sirin Labs’ Blockchain Smartphone

MISSION- The current generation of smart devices compromises on user security. The focus is overwhelmingly on user experience, at a huge cost in fraud and cybercrime. We believe the digital economy of the future cannot tolerate this trade-off: device architecture demands a paradigm shift that enables true security, while maintaining excellent user experience.
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
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Foxconn Subsidiary Set to Build Sirin Labs’ Blockchain Smartphone

Post by theDarkGoatisBAAAAD » Fri Apr 06, 2018 2:40 pm

"Smartphone manufacturer Foxconn has recently announced that one of its subsidiaries is now set to build what is believed to be the first blockchain smartphone for Sirin Labs. According to Sirin Labs, the Finney blockchain smartphone is designed to store and use digital currencies such as bitcoin for fee-less transactions.

According to Bloomberg, the Finny smartphone is also designed to help users securely store and use digital coins and in order to prevent theft, the users will have to keep the coins on a special memory stick, which will b accessed through usernames and passwords. Matt Suiche, founder of security provider Comae Technologies, a partner of Sirin Labs, also revealed to the media outlet:

“It looked like the phone design was designed to stand out visually — to make it more appealing to the public from a sales point of view. But it always makes it easier to identify targets.”" ... martphone/

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