Sirin Labs announced today that Foxconn Technology Group subsidiary FIH Mobile will oversee the design and production of its blockchain-based smartphone FINNEY. The agreement will have FIH Mobile lead the original design and manufacturing of the phone with SIRIN LABS leading the development of the cold storage wallet hardware and the SIRIN OS, which is based on Android.

Following the co-development, FIH Mobile will manufacture the FINNEY devices in its facilities. Sirin Labs plans to launch the first working prototype of the FINNEY by mid-Q2 2018, followed by the product launch later this year.

In December of 2017, Sirin Labs conducted the 4th largest crowdsale in history, raising $157.8M for the development of the FINNEY family of consumer devices.

FINNEY devices include a smartphone and all-in-one PC are embedded with a secure cold storage crypto wallet. The devices will enable seamless and automatic token conversions for the use of different decentralized applications without the hassle of going “outside” the device to obtain different tokens through an exchange.

Moshe Hogeg, Co-CEO, Sirin Labs:

“Bringing the first blockchain-based smartphone to market obligates us to partner with the very best in the market. FIH Mobile – the gold-standard in smartphone manufacturing – was ultimately the clear and natural partner for us.”