Sirin Labs Lets Foxconn Produce 25,000 Blocks of Blockchain Smartphone

The startup Sirin Labs has ordered 25,000 copies of its blockchain smartphone Finney from Foxconn. The company hopes to sell several hundred thousand copies of the smartphone this year.

Foxconn will produce the phone and from October backers of the crowdfunding campaign should get their hands on the smartphone, Bloomberg reports based on an interview with the director of Sirin Labs. The Finney is a showcase for Sirin Labs software. The intention is that other manufacturers will use that software. Sirin Labs is in talks with Huawei.

The smartphone, named after crypto expert Hal Finney, should distinguish itself from regular smartphones with a built-in hardware wallet, in which users can store tokens. The phone also has support for sharing resources via p2p.

The Finney also has a security switch for token security and the ability for three-factor authentication via biometrics, a pattern and ‘behaviour’, although it is unclear exactly how that works. Presumably, the software looks for intruder signals, such as attempts to install APKs, downgrade the baseband, or the arrival of suspicious messages.