Huawei Technologies Ltd., the world’s third-biggest handset maker, is considering developing a mobile phone that will be able to run blockchain-based applications, according to two people familiar with the plans.
Shenzhen, China-based Huawei is in talks to license Sirin Labs’ operating system, called SIRIN OS, to run blockchain applications alongside Alphabet Inc.’s Android system, said the people, who asked not to be named because the talks are private. Talks are preliminary and no agreement has been signed, the people said.
Representatives of Huawei and Sirin Labs confirmed the companies have met, though they declined to comment further.
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. Even after slumping this year, the cryptocurrency market has grown 15 times to about $350 billion in the past 12 months, but everyday use of digital assets is still limited…
Read Full: Huawei Is in Talks to Build a Blockchain-Ready Smartphone