Huawei Reportedly Developing Smartphone Running on Blockchain Technology

Mar 23, 2018 at 15:30

Chinese technology giant, Huawei is reportedly planning to develop a smartphone that will support decentralized applications (DApps) running on Blockchain technology.

According to Bloomberg, the company is keen on acquiring license for the open-source operating system SIRIN OS, developed by Swiss Blockchain-oriented firm, SIRIN Lab.

The world’s third largest smartphone manufacturer is yet to release an official statement but confirmed that it met with SIRIN Labs last month.

“We will announce partnerships once official. You can follow our official announcement channel to get the latest news and updates,” the Swiss developer meanwhile expressed through its official Telegram account.

If the planned partnership pushes through, Huawei will be the first major phone manufacturer to introduce a Blockchain-based smartphone and to bring the technology to the mass market. Earlier this month, the company also filed a patent for a Blockchain-based verification system to protect intellectual property rights for digital content.

Established in 2014, SIRIN Labs is also developing its own Blockchain-based phones alongside a crypto wallet and crypto exchange-like platform that converts digital tokens to fiat money for running DApps. Last December, the company was reported to raise as much as $100 million in less than 24 hours on its token sale for what it describes as the first blockchain infused phone.