First blockchain phone to be manufactured by Foxconn

April 10, 2018 //By Rich Pell
First blockchain phone to be manufactured by Foxconn
Smartphone startup Sirin Labs (Schaffhausen, Switzerland) which bills itself as "Consumer Electronics for the Blockchain Era" has announced that electronics manufacturing giant Foxconn (New Taipei City, Taiwan) has agreed to help develop and produce the company's Finney blockchain smartphone.

Intended to simplify the user experience for cryptocurrency-related products and services, Sirin's Finney phone is designed to help users securely store and use digital coins – like Bitcoin – as well as related services. Currently, such cryptocurrencies are difficult to use for transactions and require owners to securely store them using an assortment of digital wallets and storage options.

With the current user experience, says Sirin Chief Executive Officer Moshe Hogeg, "the mass market would never get it. There's no chance my mom can figure out how to use Bitcoin, and my mom is smart."

See also: Blockchain partnership enables mobile payments and micro-lending

Using the company's proprietary operating system, the Kinney is designed to integrate all kinds of tokens and to let owners shop on crypto-friendly sites, converting cash into specialized tokens as needed. Users may also activate their phone's Wi-Fi while commuting and get paid in tokens by fellow bus riders looking for access to a wireless network.

See also: A 4G phone without apps

For security, Finney features a built-in "cold storage" crypto wallet and handles all coin-related services in a part of the phone that's activated with a physical switch. Instead of keying in a complex address and private key, says Sirin, users may eventually verify their identities with an iris scan, a fingerprint, and a simple password.

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