The startup world is constantly evolving. Every day new ideas, thoughts, ambitions are born, and many are the people who want to get involved to achieve their dream. Sirin Labs also belongs to this reality, through the products of the Finney range. Here’s how it was born and what this company specialises in.
In 2013 the investor Kenges Rakishev, one of the co-founders of Sirin Labs, was the victim of a hacking performed on his phone. The idea was born to create an impenetrable mobile device that can guarantee a high level of security without having to give up using the Internet.
Kenges shared the idea with Hogeg (another co-founder) and Tall Cohen (CEO), and thus Sirin Labs was born, a startup company of Israeli origin but with registered office in Switzerland and operational headquarters in London.
Sirin Labs: mobile blockchain and security
The project’s white paper reads:
“The current generation of smart devices compromises on user security. The focus is overwhelmingly on user experience, at a huge cost in fraud and cybercrime. We believe that the digital economy of the future cannot tolerate this trade-off: device architecture demands a paradigm shift that enables true security, while maintaining an excellent user experience.
FINNEY devices are the first cyber-protected, blockchain-enabled mobile phone and PC. They enjoy the functionality of Android OS, plus a suite of cyber security technologies, giving users safe, reliable access to the blockchain”.
Solarin, Sirin Labs’ ultra-safe smartphone, is a device without centralised systems, capable of providing fast transactions at very low cost, based on Sirin Labs’ open-source operating system: Sirin OS. It was initially designed to support many blockchain applications, such as wallets, but also encrypted communications and an ecosystem of resource sharing for peer-to-peer payments supported by the SRN token.
In this video the developers of Finney show the security of this protocol and the possibility to recharge the battery of another smartphone using another one connected via cable, in exchange for some Sirin Labs tokens (SRN):
Finney devices are protected from cyber-attacks thanks to a multilayer structure: from the hardware through the low-level operating system to the application level. The level of protection is developed on an automatic learning system capable of preventing cyber attacks, called the Intrusion Prevention System (IPS).
The hardware wallet is protected by Sirin Labs’ proprietary BlockShield technology, which guarantees the integrity of transactions and the masking of IP and MAC addresses. The developers of Solarin, the phone from the Finney range, participated in the crowdfunding event that began on December 12th, 2017 and ended 13 days later.
The ICO was a success: in less than 2 weeks 150 million dollars were raised and on December 28th the SRN token was listed on Liqui, an exchange that currently no longer lists it. The starting price was $0.742 and less than a month later it was already trading at $3.29, an increase of more than 340%.
Here is a video (very scenic) showing the products of the Finney range by Sirin Labs: