Bangladesh to Debut World’s First Blockchain-enabled Smartphone in October

The Switzerland based Sirin Lab’s smartphone, Finney is going to launch in Bangladesh’s local market in October. Sirin Labs has already received approval from import authorities of Bangladesh for import on August 27.

Blockchain Smartphone in Bangladesh

Finney is the world’s first blockchain-enabled smartphone which will soon be available for purchase in Bangladesh.

As per the report by local newspaper The Daily Star, the Bangladesh Telecommunication Regulatory Commission (BTRC) also approved Finney’s import in August this year. With that being said, Sirin Labs is launching Finney in Bangladeshi market by the upcoming month.

Finney has a built-in intrusion system including crypto wallet, secured communicate, decentralized application ecosystem, and various other features. This blockchain-based phone was designed and manufactured by the Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturing company with the highest security standards set in place.

With built-in crypto and security features, Finney sees the high-priced mobile phone to hit the market but the report hints that the price will be quite similar to Bangladesh’s high-end phones. Emphasizing on Finney, Sirin Lab’s co-founder and co-CEO Moshe Hogeg says;

The Finney phone is a one-stop-shop, Moshe said. Before the Finney, you needed a ledger, you needed a computer, you needed wallet software and then you needed to go to an exchange, and then you could convert. The Finney does all of this on one phone.”

Finney Keeps Hackers Away

When it was first launched in 2018, Sirin Labs stated that the smartphone is just one aspect of a company’s broader plan to bring blockchain technology to mobile devices. With all expected features in place, Finney is more likely attracting a mass market of crypto enthusiasts and diehard fans of blockchain technology.

Nevertheless, the earlier reports reveal that the Finney’s in-built features can quickly stop breaches even before they happen.

Also, they do so without the need for third-party applications or software. Moreover, the phone features the machine learning system, “Intrusion Prevention System (IPS),” which track and identify problematic networks quickly. While explaining how the system secure spiteful activities, a spokesperson of Sirin Labs said;

“Anyone who has set his device to automatically connect to a known Wi-Fi network, like many of us do, could have the device connect to a malicious network at any point in time without his knowledge. In doing so, the entity operating the malicious network is able to collect the information keyed in on the websites that the person visits through the network.”

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