Sirin Labs, the company that produced the USD 16000 ultra-secure phone that nobody really ended up buying, is coming out with the Finney, a more reasonably priced (USD 1000) blockchain phone.

The phone’s specs are quite high-end: it has an 18:9 high-resolution display with an iPhone X-like notch on top. Inside, the Finney is powered by a Qualcomm Snapdragon 845 processor, and 6GB RAM. It runs Android 8.1 Oreo, but with a specific security layer that Sirin Labs calls Sirin OS.

Sirin Labs Finney blockchain phone
Sirin Labs Finney blockchain phone

The phones big selling point is, besides being a blockchain phone, to enable secure cryptocurrency transactions. In order to ensure that, the Finney has a second pop-up screen that activates a cold wallet and that is shielded from the rest of the phone with a firewall. This means that, in theory, your transactions and wallet can’t be hacked.

Sirin Labs are proposing an entire ecosystem around the Finney, with a decentralized D-APP store. In their own words:

FINNEY™ devices will offer a decentralized app store run by the community. Cost-bearing apps are based on a secure P2P resource-sharing system, which distributes fees between users and developers.

This sounds cool and all, but the question is if Sirin Labs will succeed in building a community that will be large enough to support its own ecosystem. It’s hard to make it hardware land, and even if you are a big player in the mobile market with a focus on security (hello Blackberry), a few missteps are enough to make you completely irrelevant.

Sirin Labs wants to sell at least 100K units of this phone, and while I believe that blockchain technology is certainly the future, spending 1000 dollars on a phone that focusses heavily on future tech and is overpriced compared to other comparable competitors specs wise, is maybe a bit too big of a gamble.

Technical specifications

BLOCKCHAIN FEATURES

SIRIN OS™:

  • Secure P2P resource sharing
  • Built-in cold storage crypto wallet which supports major cryptocurrencies and tokens
  • Distributed Ledger Consensus

SIRIN LABS Cyber Protection suite:

  • Behavioral-based Intrusion Prevention System (IPS)
  • Blockchain-based, fully tamper-proof
  • Physical security switch (for wallet protection)
  • Secured communications (VoIP, text, email)
  • Three-Factor authentication: Biometric, Lock Pattern, Behavioral

TECHNOLOGY SPECS

  • Qualcomm® Snapdragon™ 845 mobile platform
  • 6” 18:9 display
  • 128GB storage memory
  • SD memory card slot (up to 2TB)
  • 6GB RAM
  • 12MPx main camera
  • 8MPx selfie camera
  • 3280mAh battery
  • Fingerprint sensor

Availability

The Finney will be available late Q4 2018 and will cost USD 1000. More information at the Sirin Labs official site.