Imagine a phone so secure, it is capable of triple authentication: biometric, lock pattern, and behavioral.
And although it functions like a typical smartphone, it is powered by open source blockchain. The phone is being developed now by a company called SIRIN LABS.
"The current generation of smart devices compromises on user security. The focus is overwhelmingly on user experience, at a huge cost in fraud and cybercrime. We believe the digital economy of the future cannot tolerate this trade-off: device architecture demands a paradigm shift that enables true security while maintaining excellent user experience."
The phone is being dubbed the FINNEY, named after Hal Finney, the computer scientist involved in the first bitcoin transaction. And you guessed it, the target market will be those using cryptocurrencies.
"FINNEY devices form an independent blockchain network, a distributed ledger both scalable and lightweight.... FINNEY is free from centralized backbones and mining centers, capable of providing fast, fee-less and secure transactions."
How do you get the new phone? Well, you can learn more in the company's whitepaper on the blockchain phone and see details about a crowdsale it has coming up. It says the target price is $999 or close.
The company is known for creating an ultra-secure and expensive phone that retails for nearly $20,000. Hollywood stars were at the launch of that model. But the new FINNEY is designed to bring security to the mass market.
