In 2016, a company called ‘Sirin Labs’ came up with a rather expensive phone named as the Solarin. It was priced at $14,000. *Without an Air-conditioner and refrigerator* But with Finney Smartphone, they are planning to turn things around.
They have now come up with a new, comparatively affordable smartphone, and an all-in-one PC, that they’ve prefixed with “Finney”. These products are designed solely for the still-evolving niche of the blockchain generation or let’s say, cryptocurrency users. The Finney™ products will run on their own blockchain network with a default currency called the SRN token, which we can safely assume, is Sirin Labs’ own cryptocurrency.
These devices will allow secure, end-to-end transactions without any fee, using IOTA’s Tangle technology. They will operate on Sirin Labs’ open-source Shield OS™, which is an Android based operating system with an uber-secure cryptography core.
The FINNEY™ Smartphone
The Finney Smartphone and the Finney PC are both named after Hal Finney to pay homage to the bitcoin pioneer, who passed away in 2014. The phone is estimated to be priced at $999.
The phone will have Blockchain features, that include the Shield OS™;
- Secure P2P resource sharing,
- Built-in hardware “cold storage” crypto wallet,
- Distributed Ledger Consensus,
and the SIRIN LABS Cyber Protection suite:
- Behavioral based Intrusion Prevention System (IPS)
- Blockchain based full tampering proof
- Physical security switch (for wallet protection)
- Secured communications (VoIP, text, email)
- Three-factor authentications: Biometric (Iris & Finger), Lock Pattern, Behavioral
Note: Information borrowed from Sirin Labs’ whitepaper on Finney Products.
The phone’s hardware specifications include a 5.2-inch QHD Display, 256GB internal memory, 8GB RAM, a 16MP main camera and a 12MP front camera; basically all the features you’d expect to see in a $999 phone.
The most futuristic feature that the Finney products offer is the sharing of battery power. You can trade battery power with your peers aka another Finney users.
The FINNEY™ PC
Aimed to be priced at $799, this beautifully-designed PC has the same blockchain features as the Finney smartphone. It can be upgraded to have additional computer power, like CPU, GPU, and RAM, through the Sirin Labs P2P (peer-to-peer) resource sharing protocol or cloud base service.
Its hardware specifications (minus the upgrades) include:
- 24” 2K Display
- Biometric security
- 8GB Memory
- 256GB storage
- Wi-Fi 802.11ac
As stated in Sirin’s whitepaper on the Finney products, the company shares and promotes the idea of providing more security to gadgets, which, it feels, has been neglected by the present generation of phones that focus solely on user experience and ease of navigation.
Sirin’s mission is to bring about a paradigm shift in device architecture, and ensure “true security” while maintaining outstanding user experience.
The Tangle – The Blockless Distributed Ledger by IOTA
IOTA’s open-source, scalable and lightweight Tangle technology, is a revolution in itself. A block-less distributed ledger that makes it possible for value transactions (in terms of cryptocurrency) to take place without any fees involved. Also, owing to Tangle, micro and even nano-transactions are possible now.
Apart from the Finney-specific feature, Tangle has a few more useful features up its sleeve, that include:
- Tamper-proof data transfer
- e-Voting for e-Governance
- Masked Messaging, etc.
You can read about it in detail by visiting https://iota.org.
Devices for the Blockchain Generation – A Risk or A Rather Smart Move?
Since the time I’ve heard about the Finney devices, all that I had in mind was – why? Why take such a huge risk for such a small number of people? Let me tell you of all I’ve learned about the same.
The number of users of cryptocurrencies has been increasing steadily over the past few years, that is, the blockchain generation has been expanding. So, if we consider the fact that the world is rapidly going digital in terms of money, the technology offers great potential. In the coming 5 years, we might all be making transactions with one or another cryptocurrency. And it will be then, that we’d want our phones to be secure enough to handle the blockchain access easily. Sirin Labs is already in lead of producing them.
In an interview with Digital Trends, the CMO of Sirin Labs, Nimrod May, on being asked about the choice of clientele base being so narrow, was quoted saying,
“You’re absolutely right, most people haven’t heard of cryptocurrencies, but the team is betting heavily that the future will be cryptocurrency based. This is an early adopter community — for now — but we believe there is a large market opportunity right behind them.”
This shows the amount of confidence that Sirin Labs has in its products. And I am definitely counting on this as one rather smart move. What are your thoughts about it? Tell me in the comments below.