Sirin Labs to release the blockchain phone design

Sirin Labs will be presenting the design of the first blockchain phone FINNEY on June 12
05 June 2018   1002

Recently, Sirin Labs has shared an image of the front glass for FINNEY blockchain smartphone. Now, the project is preparing to reveal the whole design of the phone on June 12. In the long run FINNEY smart devices will create a blockchain network of their own using a distributed ledger consensus mechanism.

Fast payments between the peers will be fee-less, and each device will feature a cold storage crypto wallet that is compatible with the most common cryptocurrencies. The platform will provide a UI/UX friendly for making secure payments.

FINNEY look in profile

The phone will feature a quick-charge function (50% within 30 minutes) and a secure P2P battery trading within SIRIN OS (strangers can ask to charge their phone in exchange for a reward of SRN tokens). At the moment of publication, Sirin Labs market characteristics are as follows:

Average price 0.313037 USD
Market cap 71,766,246 USD
Volume (24H) 7,172,880 USD

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.