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Consumer Lifestyle
Published: 3 Oct 2017

Finney: Blockchain-Powered Smartphone

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Finney

UK-based tech start-up Sirin Labs is developing a luxury smartphone called Finney that functions on the blockchain and is secure enough to hold cryptographic coins.

Developed for those investing in the cryptocurrency market, the phone acts as a secure e-wallet that allows users to spend tokens on shared resources. A behavioural-based intrusion prevention system, physical security switch and blockchain-powered tamper-proof feature all promise to deter hackers.

"It will integrate a highly secure wallet for cryptocurrency cold storage to ensure security, and it also has a lot of blockchain technology," chief executive Moshe Hogeg told media outlet The Next Web. "For example, you can use the devices as a shared resource centre. If you and I were travelling and I needed to charge my phone, you could share your battery power with me in exchange for tokens. I could share my data plan with someone in exchange for tokens, or become a hotspot [for internet access]."

Costing around $1,000, the device also includes 256GB of internal memory and a 16 megapixel camera. The company is launching a crowdfunding campaign in October 2017, with the exact date yet to be confirmed.

The phone's extensive security features are likely to appeal to high net worth individuals, who are seeking solutions that keep their most precious interactions private, without creating extra fuss. For more on the high-end devices positioned at the leading edge of personal security, see The New Rules of Luxury: Basement Bourgeoisie.

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