Huawei may be on the verge of making a significant step towards penetrating the blockchain 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 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.
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— 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.