Review on SIRIN LABS Token by Robiul Islam
The Finney ecosystem will be powered by a decentralized app store run by the…
The Finney ecosystem will be powered by a decentralized app store run by the community, benefiting from built-in trusted and secure P2P resource sharing and fast, fee-less, micro-payments between users. Sirin Labs will share an SDK to enable the community to develop apps that benefit from decentralization and the devices’ P2P functionality. Developers will be able to create a diverse range of micropayment-based applications and services for sharing data (e.g. weather or traffic updates) and resources (e.g. connectivity or computational power). The Shield OS will provide the virtualization layer with accurate metering of shared resources, and open protocols will be provided for sharing resources both directly and over the cloud.
SRN tokens will be the means of payment to developers and service providers within the ecosystem. According to the whitepaper, users will pay developers 100% of their subscription fees directly, including any third party services for auditing, parental control, etc. they wish to employ. Notably, SRN tokens will not only be the means of payment for apps and services, but will also be required to purchase the devices themselves, although details are not yet available.
Updated 5 years ago
Rating changed from 4 to 3
FINNEY the world’s first ultra-secure blockchain smartphone will be available in leading consumer electronics shops. FINNEY is now available on Bic Camera Japan. Recently partnered with Zimperium for receiving the fedramp authorization, their IPS is embedded in finney by sirinlabs.
They released a new version of the FINNEY Wallet exporting the transactions history to a CSV file and adding ERC20 support to the wallet’s SDK. Those who have FINNEY phones they can update it now.
They have also a limited time offer Buy FINNEY and receive $60 worth of SRN straight to your wallet remember it's limited time offer.
Pros
- Sirin Labs, developer of the ultra-secure $14,000 mobile phone Solarin, has pivoted from luxury to mass market devices and is conducting a crowdsale to support its latest development: Finney, the first open-source, cyber-protected, blockchain-enabled smartphone and PC. Sirin Labs was founded in 2014, and in 2016 launched the Solarin, a highly secure, high-end smartphone that incorporates state-of-the-art hardware and software security to provide 24/7 cyber protection, including a private zone for encrypted calls and messages. The company is now utilizing its technology to make the same level of security more readily available (and affordable) to holders of crypto currencies and assets, and to create a secure and efficient network of decentralized apps and services that connect the devices and enable peer-to-peer resource sharing managed with micro-payments. The Finney smartphone, with a target price of ~$999, will feature a 5.2-inch QHD display, 256GB of internal memory storage, 8GB RAM, a 16MP main camera, and a 12MP wide-angle selfie camera. The Finney PC, a thin client with a target price of ~$799, will feature a 24” 2K display, 8GB memory, 256GB storage, and biometric security sensors; additional computational power (GPU/CPU/RAM) will be available via a P2P resource sharing protocol or a cloud based service
Cons
- Finney devices will run on Shield OS – Sirin Labs’ Android-based ultra-secure operating system – and operate on an independent blockchain network powered by IOTA’s Tangle technology and Sirin Labs’ own security framework. The system is designed to support inherent blockchain applications such as a crypto wallet, secure exchange access, encrypted communications, and P2P sharing and transactions, so as to enable secure and reliable handling and exchange of crypto currencies and assets, as well as participation in the network powered by the company’s SRN token. While Finney devices will provide users with enhanced crypto security in general, they will themselves form an independent blockchain network, “free from centralized backbones and mining centers,” based on the “distributed, scalable, light-weight, ASIC-resistant ledger” at the heart of Shield OS. Finney devices will also utilize a tamper resistant hardware secure element to store confidential and cryptographic data such as encryption keys and biometric templates. Furthermore, both hardware and software platforms are to be released as open-source.
