Huawei Reportedly Working on Blockchain-Ready Smartphone

Huawei, the world’s third-largest smartphone manufacturer company is gearing to build a new smartphone which will run on blockchain technology. As reported by Bloomberg, the company is putting efforts to acquire a license for the new operating system. A blockchain- Ready smartphone will allow users to transfer money or data via the non-regulated system. According to the wide sources, blockchain technology was popularised by the arrival of cryptocurrency in India.

For this project Shenzhen, China-based Huawei has collaborated with Switzerland-based Sirin Labs to incorporate SIRIN OS in upcoming Huawei smartphones. The new OS Blockchain - Ready smartphone will run in a similar manner as traditional Android OS.

However, as such, there is no agreement has been signed between Huawei and Sirin Labs currently. The upcoming Huawei smartphone will be based on blockchain- applications in cooperation with regular Android functionality. Officials of both Huawei, as well as Sirin Labs, has confirmed that the companies interacted with each other to talks about Blockchain- Ready smartphones but denied to provide more information regarding this. So far, the talks are in the introductory phase and development is about to start.

The upcoming Huawei Blockchain Ready smartphone would be equipped with “cold storage crypto wallet” which allow users automatically convert fiat money to the digital tokens required to run several blockchain-based applications. With the help of Cold storage wallets, users will be able to store digital assets offline.

Read Also: Foldable Apple iPhones Likely to Unveil in 2020

The recent report suggests that Sirin Labs is working upon to create its own blockchain-based smartphone which is likely to be dubbed as “Finney” phone. It is anticipated that Finney phones will be available at a price of $1,000 (roughly Rs. 65,000) in the second quarter of 2018. Nimrod May, Spokesman of Sirin Labs said that currently, the company has pre-ordered more than 25,000 units of Finney phones

According to the reports of Bloomberg, a title along with images posted by Sirin Labs in a Telegram group chat stated, “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.”

According to the reports of Digitimes suggest that the Huawei upcoming flagship smartphone, likely to be dubbed as Mate 11 will be equipped with a Qualcomm's ultrasonic fingerprint sensing technology. To develop ultrasonic fingerprint sensing technology Qualcomm has partnered with GIS and O-film Tech and it is anticipated that Android OEMs could arrive in the market by 2019.