Huawei is reported looking to develop a smartphone with support for blockchain with Sirin Labs. The latter developed SIRIN OS which supports, among other things, storing cryptocurrency such as Ethereum on a device.
According to the report by Bloomberg, Huawei is looking to license SIRIN OS to run blockchain-based apps alongside Android on selected future smartphones. As of right now, the talks are still in the preliminary stages, but both Huawei and Sirin Labs confirmed that talks are happening between the two companies.
#blockchain#cryptocurrency#crypto https://t.co/tiqS1WHk3K
— SIRIN LABS (@SIRINLABS) March 21, 2018
Sirin Labs already have a smartphone in the pipeline called Finney, which is able to store Ethereum using a built-in ‘cold storage’ wallet – essentially an offline system that’s less convenient to use but far more secure. Sirin Labs is also working on a system to automatically convert currency to different digital tokens needed by different blockchain-based apps.
Huawei’s interest in mobile blockchain technology may spark a mass-market interest as users do not need specialised hardware to work with future blockchain-based apps; just the phone in their pockets will suffice.
(Source: Bloomberg)
