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The giant and influential Huawei Technologies Ltd. plans to design a smartphone which aims to run apps based on the blockchain technology immediate on its operating network, according to Bloomberg.

Huawei and Sirin Labs may become partners

The world’s third-biggest manufacturer of telecommunication equipment is currently negotiating a possible collaboration with Sirin Labs to introduce the operating system based on the blockchain algorithms called Sirin OS into the Alphabet Inc. ‘s Android’s operating system.

The plans would mark the first foray of a major smartphone maker into blockchain, the decentralized ledger used to record cryptocurrency transactions, potentially bringing the technology closer to the mass market”, according to Bloomberg.

According to information provided by Bloomberg, it was confirmed that the companies have organized an official meeting, but no contract was yet to be registered. The representatives of Huawei and Sirin Labs did not want to disclose other personal details.

If this partnership ends with a contract signed and approved by both parties, the Chinese company will become the first of its kind to implement such a blockchain- based device embedded in smartphone.

During an official meeting held on 28th February 2018 between Huawei and Sirin Lab’s team, these two concluded: “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.”

Sirin Labs plans to launch its own blockchain-based smartphone

Sirin Labs is also getting involved in blockchain-based project. The platform plans to develop its own smartphone called Finney for about $1,000 in third quarter of this year. It already has 25.000 units preordered.

Sirin Labs plans for its phone to have an embedded cold storage crypto wallet and a system to automatically convert fiat money to the digital tokens needed to run different blockchain-based applications. Cold storage wallets allow users to store digital assets offline.”, according to Bloomberg.

The project initiated by the Chinese Huawei has a huge potential. If their collaboration with Sirin Labs ends with a contract, the new device will definitely be a successful project.

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