As we se a bigger and bigger adoption of blockchain technology, the need for technology that supports security, is affordable and are portable arises, as for that we look closer on Sirin Labs FINNY crowdsale, a project focusing on secure consumer electronics. The name FINNY for their product is an homage to bitcoin pionier Hal Finney ho passed in 2014
This is NOT a sponsored post
A sound ideer
The project base is a great ideer, with a focus that can make adoption of blockchain based economy more mainstream, they comes with some good product ideas that can catch on and as they have already made one functional secure phone, they have proven that they can deliver a product, and it is also the most secure phone to date, on the market and that proves that they know their way around security. And that they have their product ideas in place, with the planed spec that can compete with similar products shows that there have gone some thought into the project.
The team behind the project is not an unknown team, the have all a background that makes it possible to deliver on their ideas, since it is not a small team it count 40 men and women, a small advisory team counting 7 with people as Jeff Pulver, father of VoIP, first investor into twitter, Steven Nerayoff a co-founder of Ethereum, Takeshi Ito, former CTO of Sony Mobile and other people with success in technical and financial fields.
The idea behind what the product should do for mass adoption is so clearly statet in their with paper that a will quote it directly
A major barrier to mass-market adoption of cryptocurrencies is the technical complexity of their use. While the actual sending of funds is simple as any other means of payment, applying reasonable protection of one’s wallet from being lost or stolen is very complicated.
With an operating system designed to be inherently secure, combined with hardware that can essentially implement a cold storage wallet, software can automatically provide the best practice handling of cryptocurrencies: store keys in the cold storage wallet; separate frequently-used wallets from rarely-used ones; direct the user to delegate recovery tools when their wallets accrue high balances, etc.
SirinLbs White paper page 7, section 3.2
As they through this statement clearly states that they want to make cryptocurrencies more widely adopted, and that is what this crowdsale is all about, why invest in all sorts of projects advancing new coins, trading and many more if it is not easy to use.
The Project goals
Looking at their goals we se a worthy cause bringing blockchain closer to mainstream consumers, in thies crowdsale they are looking into making a secure phone and PC, and as they put their vision
SIRIN LABS’ vision is to become the world’s leader in secure open source consumer electronics, bridging the gap between the mass market and the blockchain economy
The vision is a tall order but it can be done with the right support from the community, not only do they need economical support, but also an open reception of their products and positive review, once their products hits the shelves so to say.
Lokking at the FINNY™ smartphone it has a spec of
5.2-inch QHD Display
256GB of internal memory storage
8GB RAM
Wi-Fi 802.11ac
BT 5.0
16MP Main camera
12mp Wide-angle selfie camera
Witch can be compared to a normal smartphone, nothing super special about it, compared to Samsung s8, which comes with some lesser spec:
5,6 -inch Quad HD+ Display
64GB of internal memory storage
4GB RAM
802.11 a/b/g/n/ac 2.4G+5GHz, VHT80 MU-MIMO, 1024-QAM
BT 5.0
12MP Main camera
8mp Wide-angle selfie camera
Where the FINNY™ shines is the specialety P2P features and securety witch comes with the following spec
SIRIN OS™:
Secure P2P resource sharing
Built-in "cold storage" crypto wallet
Distributed Ledger Consensus
SIRIN LABS Cyber Protection suite:
Behavioral based Intrusion Prevention System (IPS)
Blockchain based, full tampering proof
Physical security switch (for wallet protection)
Secured communications (VoIP, text, email)
Three-factor authentication: Biometric, Lock-Pattern, Behavioral
If secure blockchain use is to be adopted, by mainstream consumers, then the build in “cold storage” is the first big step paving the way for making phones that is capable of handling blockchain transactions on the go without fear of getting your funds stolen, besides that the security spec are making your phone, one of the most secure phones on the market, for the average consumer the security is maby over the top, but as people gets knowledge about how easy unwanted people can get access to a normal phone, the market grows for high security phones.
Looking at the FINNY™ PC we don’t see a lot of spec but those we se show it as more of a work pc than anything else at the moment that can of cause change. I am not going to compare since the purpose of the PC makes it incompatible, but the spec are as follows
24-inch (diagonal) 2K Display
Biometric security sensors
8GB Memory
256GB storage
Wi-Fi 802.11ac
Nothing special about that but the speciality comes in it’s P2P specialisation and the cryptocurrency features:
Security SIRIN OS™:
Secure P2P resource sharing
Built-in "cold storage" crypto wallet
Distributed Ledger Consensus
SIRIN LABS Cyber Protection suite:
Behavioral based Intrusion Prevention System (IPS)
Blockchain based full tampering proof
Physical security switch (for wallet protection)
Secured communications (VoIP, text, email)
Three-Factor Authentication: Biometric, Lock Pattern, Behavioral
Looking at the specialised features makes the PC exceptional good at handling security and crypto currencies, and that is the goal, so a great work PC where you can work and handle your cryptocurrencies.
Roadmap shortly described
LEGACY
• 2014 - SIRIN LABS established
• 2015 - First SOLARIN prototype
• 2016 - SOLARIN Launch event
CROWDSALE (we are here now)
• FINNEY™ phone concept study
• SIRIN OS™ concept exploration
• Crowdsale preparation & launch
Finney™ DEVELOPMENT
• FINNEY™ devices development
• SIRIN OS™ beta release to OEMs
• Release SDK for D-Apps developers
• Establishment of production line
Finney™ LAUNCH
• FINNEY™ Launch event
• Launch of open source SIRIN OS™
• Development of distribution channels
The Team
Moshe Hogeg the founder and CEO has a background that makes him suited for making such a product and have been with SIRIN Labs for over 3 years so it is not new to him besides that he has been into internet, software and financial companies in roles as investor, board member and founder
Kenges Rakishev the chairman is a venture capitalist and have a great resume for going into thies projekt, he have been involved in many projekt and have been in world's top 10 private investors according to “Timeline Analytics News“ so he knows what he is going into and with such a man involved we can be more secure in that it is not a scam he cannot afford being connected directly with a scam, that would destroy hes possibility to invest further into other projects.
I have been through their entire team and found them in my opinion to be credible members, that is needed for this project to succeed, all have been crossed referenced on different social media platforms and media articles to secure that they are affiliated with the project.
My opinion
I don’t know right now if i am going to invest into this project, but i am strongly positive do to the fact that the team sounds capable, they don’t have a too big advisory board, they have delivered a product before and i would buy the Phone and maybe even the PC when they come on the market
Blockchain Era needs new technology #crowdsale #security #future #blockchain #investmentopportunity #futurenow #blockchain #wallet #hardwarewallet