Huawei Reportedly in Talks with Sirin Labs to License Blockchain OS

Huawei may be on the verge of making a significant step towards ‎penetrating the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term space. The Chinese smartphone maker and ‎telecommunications giant is reportedly in talks to license SIRIN LABS’ operating ‎system and could reach an agreement in the coming ‎weeks, Bloomberg reported on Wednesday, citing people familiar ‎with the matter.‎

The negotiations between the Israeli startup and Huawei are well along ‎but no agreement has been signed, according to the report. ‎They discussed the possibilities of launching smart‎phones powered by blockchain technology, which, if it went ahead, would be a crucial move that enables Huawei devices to run on the Labs’ own ‎open source operating system.

Supported by the SRN token, SIRIN OS is designed to support inherent ‎blockchain applications such as Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term crypto wallet, secure exchange access, encrypted ‎communications and a P2P resource sharing ecosystem for payment and apps.‎

Moshe Hogeg, founder and CEO of SIRIN LABS, confirmed the news ‎on Twitter indicating that his firm met with representatives of ‎Huawei, which is currently the third largest smartphone ‎manufacturer in the world, behind Apple and ‎Samsung. ‎

In the works. #SRN @SIRINLABS @SIRINLABSJAPANhttps://t.co/rTtov1jL5g

— Moshe Hogeg (@moshehogeg) March 21, 2018

A caption on SIRIN LABS’ Telegram chat group ‎also reads: “amazing meeting just concluded between Sirin Labs and ‎Huawei. Among other things discussed was the possibility of ‎cooperating together to bring blockchain technology to the masses in ‎a secure way.”‎

Touting its product as the “world’s first blockchain phone,” SIRIN LABS said pre-‎orders for the FINNEY phone have surpassed ‎‎25,000 unit‎. FINNEY ‎devices will be available in market in the second half ‎of 2018.‎ The project ICO raised ‎‎‎$157.8 million in the fourth largest token sale in history‎‏.‏

As a direct result of this growing demand, Sirin Labs‎ plans to add 5 brick-and-mortar locations over a period of a few months against the existing strength of its flagship store in London’s Mayfair.

In December 2017, the developer of the SOLARIN ultra-secure mobile phone ‎‎signed Barcelona star Lionel Messi as its brand ‎ambassador.‎