By Charles McLellan

for Product Central

| July 11, 2018 — 13:00 GMT (06:00 PDT)

| Topic: Smartphones Sirin Labs’ FINNEY smartphone. Sirin Labs, the company that two years ago launched the ultra-secure, ultra-expensive ($14,800) Solarin smartphone, has now finalised the design and specification of its next offering.

FINNEY looks very similar to Solarin, but costs nearly 15 times less ($999) and features a secondary slide-out touch screen that provides a window on an embedded cold storage crypto wallet. It’s this, plus extra functionality provided by Sirin OS — a security-hardened fork of Android 8.1 — that underlies Sirin Labs’ claim that FINNEY is the “first-ever blockchain smartphone”.

“We were wondering what prevents crypto-currencies from hitting the mass market, and we identified two main problems,” Nimrod May, chief marketing officer at Sirin Labs, told ZDNet. “One is around security: for the first time in history, users need to take care of their own assets, without the ability to approach a central organisation like a bank.

The other main problem with blockchain is the user experience: we [crypto enthusiasts] manage to obtain our cryptos, we know where to trade them, we understand the technology behind it — but it’s still something that’s considered complicated for the average user.” “The vision of Sirin Labs right now is to bridge the gap between the blockchain economy and the mass market, by basically addressing and resolving these two inherent problems,” May explained.

SEE: How blockchain will disrupt business (ZDNet special report) | Download the report as a PDF (TechRepublic) As well as the cold storage wallet, which is activated (or ‘warmed’) when FINNEY’s two-inch Safe Screen slides out, Sirin OS provides a multi-layered cyber-protection suite that includes a behaviour-based intrusion protection system (IPS), secure communications (voice, text and email), and multi-factor authentication. Other key features available at the smartphone’s planned November launch will be a Token Conversion Service (TCS) and a proprietary DApp (decentralized application) store alongside the regular Google Play store. Read more from zdnet.com…

thumbnail courtesy of zdnet.com