The world’s third largest mobile phone manufacturer, Huawei, is considering the launch of a model that can run Blockchain applications, according to the news of two unknown sources.
Chinese Shenzen company, which uses high-tech and offers low-priced phones to the market, Sirin Labs
However, people accustomed to this news have heard that Huawei’s Android system, Alphabet Inc., alongside Sirin Labs’ operating system, is a new blockchain. i have expressed interest in using it on their phone line.
Sirin Labs’ own Telegram chat group shared a picture of representatives of both companies on February 28, saying:
“It was an amazing meeting between Sirin Labs and Huawei.. Among other things discussed was the possibility of working together to bring Blockchain technology securely to the masses.”
Huawei became interested in Blockchain technology
The first Blockchain-enabled smartphone on the market, Blockchain technology in general
According to Techspot, the company can use Blockchain to register all its active devices on its networks.. Thus, proof of ownership of a product can be made by generating a private key associated with the product.
Although Huawei is a giant in the phone industry, Sirin Labs also plans to launch a Blockchain-enabled smartphone. Finney will cost about $1000. Finney’s most appealing feature may be the inclusion of a smart wallet in the smartphone. A cold wallet is used to securely store cryptocurrencies offline. Digital assets stored in the wallet can also be automatically converted to fiat currency.
The Huawei phone is likely to offer similar features, but will be sold at a lower price according to anonymous sources. Huawei has a large share in various technology communications areas and is the world’s third largest mobile phone manufacturer. According to internal sources, the talks between the two companies are still in the draft stage.
Newsbtc