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Blockchain Phone | Will Samsung Enter the Ring? Trademarks Say Yes!

The excitement of late in blockchain has centered around a particular blockchain phone. A first of its kind, this phone has crypto nerds alike beaming with joy; the idea of decentralized apps running on your phone is exciting, and that’s before we consider all the crypto possibilities.

Blockchain Phone

It started with Sirin Labs, whose pioneering phone ‘Finney,’ let people store and use digital currencies without transaction fees. Then HTC came to the party with the world’s second blockchain phone called Exodus 1. This phone boasts a “Social Key Recovery” function that lets a user use a select number of trusted contacts to regain access to their funds, should they lose their private key. Kinda cool.

But now… Samsung is about to join the battle. Yes, one of the world’s biggest phone makers is reportedly on the verge of creating its own blockchain smartphone.

But how do we know this? Well, we don’t know it for definite, but there’s something cooking in the kitchen.

European Trademarks

Earlier in the week, Samsung submitted three European trademark requests for blockchain-based smartphone features. They are named as the following:

  • Blockchain KeyStore
  • Blockchain Key Box
  • Blockchain Core

So while it’s not necessarily definite, its pretty obvious.

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So the news has enthusiasts’ brains ticking over. Is Samsung working on a form of hardware wallet that will be implemented into future devices? Do these names allude to forms of private or public key storage?

One particular clue is that the document states that the trademarks will apply to “Smartphones; Software applications for use with mobile devices; Computer software platforms; Application software.”

But that’s all we know.

Advocate

Samsung has been an advocate for storing cryptocurrency on its phones, stating “smartphones have the best security for blockchain and cryptocurrency.” However, many security experts have disputed this statement.

Further, with $761 million in cryptocurrency thefts this year alone, security is not something you want to take lightly. Perhaps it is time for Samsung to create a blockchain phone made for cryptocurrency storage and then it can truly back up its own statements.

Featured Image: Depositphotos/© TKKurikawa

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Blockchain Phone | Sirin Labs Finney Device Ready for Shipping

Sirin Labs’ blockchain phone is expected to begin shipping in late December, it was announced today. The phone’s final design was unveiled at an event in Barcelona.

Sirin Labs’ Blockchain Phone

Dubbed ‘Finney,’ the blockchain phone promises to advance the user experience of decentralized apps, or dApps.

The blockchain phone was developed off the back of an initial coin offering in which Sirin Labs raised $157 million earlier this year. However, it’s wondered if the creation of Finney is an example of putting the cart before the horse, as there simply are not that many dApps available for its users.

It is not yet known if the user experience is an issue of the decentralized web.

The company’s chief marketing officer, Nimrod May, said the phone will ship sometime between December 5th and 15th.

Sirin has partnered with one of the top electronics manufacturers in the world, Foxconn, to produce the device.

Ordering the Finney Blockchain Phone

The phone is priced at a hefty $999 and can only be pre-ordered by Sirin token (SRN) holders. Once the phone is officially live, then other payment options will open up for buyers.

If buying the phone using SRN, then cost will depend on the price of SRN on the day of purchase, so buyers are being warned on this. The token has ranged anywhere between $0.06 and $0.18 in the last three months for example.

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Other Blockchain Phone Competitors

Finney has spurred on competition from bigger companies. HTC is currently developing a crypto-based phone and, new to the sector, Pundi X is also in the development stages of its pioneering blockchain device.

Nimrod May is confident that the blockchain phone will sell over 100,000 units in its first year.

As the phone is designed to carry around cryptocurrency, security is a big feature of the device. As such, it has its own cold storage wallet built in and is described by May as “a second device in the same housing as the phone.” It will have a separate processor and its own LCD screen, in which the user will input their seed phrase.

Will you be purchasing the Finney blockchain phone?

Featured Image: Depositphotos/© perig76

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