Tokyo, February 14th, 2018 – Emurgo (Shibuya, Tokyo, CEO Ken Kodama), announces that Emurgo has a strategic partnership with SIRIN LABS, a pioneer in secure open source consumer electronics, as a part of its global strategy in developing and expanding the ecosystem of Cardano’s blockchain. Cardano’s native token (ADA) will be supported in the world’s first blockchain smartphone, the FINNEY™, which SIRIN LABS is currently developing.
SIRIN LABS, which successfully completed the fourth largest crowdsale in history, raising $157.8 million for the development of the blockchain-based FINNEY™ family of devices which will include an all-in-one PC and the FINNEY smartphone, the the world’s most secure blockchain smartphone. The FINNEYTM is scheduled to launch globally in the second half of 2018.
FINNEYTM will support ADA token
The FINNEYTM smartphone’s cold-storage wallet, which provides seamless user experience for exchanging tokens, and is developed using the blockchain-enabled and proprietary SIRIN OS, will support Cardano’s native token, ADA. Users will be able to use the ADA token as a choice of payment within the DApp store which will come pre-installed on the device.
Partnership in research and development
Emurgo will aid the SIRIN LABS R&D team to integrate the FINNEYTM smartphone with the Cardano protocol, which is currently developed by Input Output HK, a global blockchain engineering company.
Moshe Hogeg, CEO of SIRIN LABS said:
“We are incredibly excited to be able to work with Emurgo on implementing the Cardano protocol into SIRIN OS and our upcoming FINNEYTM family of devices. The availability of the ADA token will undoubtedly enhance the user experience and utility of the FINNEYTMsmartphone, to both crypto enthusiasts and mainstream users.”
Ken Kodama, CEO of Emurgo said
“It’s very exciting that we can work with SIRIN LABS to expand the blockchain industry. Also, it’s great news for the Cardano community that such an innovative smartphone will support ADA.”
About SIRIN LABS
SIRIN LABS, the developer of SOLARIN, an ultra-secure mobile phone – is currently developing FINNEY™, the first open source blockchain smartphone and all-in-one PC. Backed by significant investment from some of the most respected players at the forefront of new technologies, the company vision is to bridge the gap between the mass market and the blockchain economy by creating a simple to use, feeless, ultra-secure standard that will solve the current blockchain pains of security and bad user experience.
Emurgo was founded in 2017 and is a registered company in Japan. Emurgo develops, supports, and incubates commercial ventures and helps integrate these businesses into Cardano’s decentralized blockchain ecosystem. Emurgo is investment focused and invests in two ways: through direct investment into start-up ventures; and by developing commercial partners who want to use blockchain technology to revolutionize their industries.
Cardano is a decentralised public blockchain and cryptocurrency project and is now a top-5 cryptocurrency by market capitalisation. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.