Fall-O-Up

Sirin Labs today announced it’s developing a smartphone and PC designed to function on the blockchain.

The devices will ship with built-in resource-sharing capabilities and run on their own cryptocurrency token.The Finney smartphone and PC are being billed as niche` products, and with a price tag of $999 for the phone and $799 for the PC. After all, not everyone needs a secure e-wallet device that allows them to spend tokens on shared resources — but it would be really cool if we all had one.

Moshe Hogeg, CEO and Founder of Sirin Labs, is a big-picture kind of person. The companies last device, the Solarin, was a $16,000 smartphone billed as the world’s most secure cell phone. It seems like the idea was to provide a solution for celebrities and secret agents who are willing to spend anything to keep their data safe.This time he’s building for the cryptocurrency market and, like many other startup CEOs, he’s betting on the blockchain.Hogeg told TNW:

It will integrate a highly secure wallet for cryptocurrency cold-storage, to ensure security, and it also has a lot of blockchain technology. For example you can use the devices as a shared resource center. If you and I were travelling and I needed to charge my phone you could share your battery power with me in exchange for tokens. I could share my data plan with someone in exchange for tokens or become a hot-spot.

While there’s no word yet on some specifics such as release date, Sirin Lab’s website does list the following technical specs for the Finney phone:

• 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

And for the Finney PC:

• 24-inch (diagonal) 2K Display
• Biometric security sensors
• 8GB Memory
• 256GB storage
• Wi-Fi 802.11ac

The technology behind the phone and PC will be released as open source. Hogeg told TNW that Sirin Labs will release the hardware designs as well, in hopes that other manufacturers will make unique offerings of their own. He envisions a plethora of devices being designed and created in places like Taiwan and Hong Kong, all operating on the same token:

Sirin Lab’s own SRN.Sirin Labs will be launching its SRN token sale sometime in October, with early adopter bonuses and bounties. They’ll be accepting fiat money and popular cryptocurrency like Bitcoin and ETH. For the most part, this looks like your standard ICO launch. The distinction here is that token holders are the only people who will be given access to purchase the devices.

It’s hard to picture a device geared toward the cryptocurrency crowd reaching the kinds of sales figures necessary to keep a $999 phone afloat, but how amazing would it be if we all started sharing our device’s resources?I look forward to living in a world where CPU power never goes to waste, data-plans are shared securely, and you don’t need an advanced...continue reading: https://thenextweb.com/finance/2017/09/26/this-blockchain-powered-phone-and-pc-could-be-out-next-yea...

If you are familiar with the term “blockchain” then you are ahead of some people. Blockchain uses cryptography to create a digital record of transactions. These monetary exchanges are secure because they are decentralized.

To put it more simply, transactions involving money are secure through their code and because they are done over multiple computers instead of just one. By its very nature, blockchain could save your business money. Here’s how.

1. Deters Theft

The first way blockchain could save your business money is through deterrence of thievery. Cash is easy for thieves to steal and so are some credit and debit cards because they can be easily hacked. In addition, if your business accepts checks, they can be forged by people out to steal your products or services.

Digital currency through blockchain, however, is not so easy to steal. What does this mean for your business?If transactions with your customers are made through blockchain your business may not experience as much theft. Monetary exchanges through blockchain can’t be forged easily. This equals increased savings for you and your business due to less loss of money and products or services.

2. Reduces Banking Fees

There are some people who feel that using blockchain could eliminate public need for banking altogether. Certainly it can eliminate or greatly reduce the amount of money your business pays in banking fees. When financial transactions are made without the need for a centralized server or bank you essentially skip the need for their services altogether.

Instead of having to pay transaction fees or banking fees each month you can keep that money in your business.Over the fiscal year of your business, not having to use a bank to exchange money could save hundreds if not a thousand dollars or more.

3. Lowers Taxes

Blockchain can enable you to lower the tax liability of your business. Through blockchain transactions you may decide to accept cryptocurrency as a form of payment, for example.In turn, cryptocurrency is not recognized as money by the IRS.

Therefore, any cryptocurrency you have is not taxable in the same way as money. Check with your tax preparer and financial professional before deciding whether or not to accept cryptocurrency payments using blockchain technology in your business.

4. Blockchain Save Your Business because it Saves Time

Transactions using blockchain do not take the same amount of time as credit card transactions. They are nearly instant where credit card transactions can take several minutes. Because blockchain information is not stored at a financial institution your computer, cash register, or credit card machine no longer has to exchange information with a bank.

There is no back and forth between your system and a bank’s before exchanges can be accepted and completed.The amount of time this saves your business means increased productivity and less cost for you.

5. Other Reduced Costs

Other ways blockchain can save your business money is through fewer supplies overhead. You may be able to go paperless with your business when it uses blockchain technology.There is no need for digital printouts when you use blockchain.

All of the information you need can be accessed electronically. This eliminates the use of paper and ink and therefore reduces the costs to your business.

As you can see, there are many ways blockchain can save your business money.

Very likely if you are not already using blockchain you might end up considering its use in the near future.

This article was originally published on Due.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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A report released this month by Angel List indicates cryptocurrency jobs have risen by over 100 percent in the past six months. While Bitcoin value fluctuations may be testing investor confidence, the hiring market for blockchain-based technology remains overtly bullish.

Not only are more jobs available, but positions working with blockchain also pay better. On average employees are being offered salaries 10-20 percent higher than non-crypto jobs.

Job-seekers who prioritize flexibility should take note that blockchain-based startups are 22 percent more likely to offer remote positions, and expertise in blockchain, for non-technical jobs like marketing and operations, isn’t necessarily required – though the report does indicate potential employees should understand the concepts and terminology.

For those who aren’t quite willing to commit to a career in cryptocurrency there’s always the intern option. Brian Armstrong, co-founder and CEO of Coinbase told Angel List on Twitter, “Yes we have a number of interns as well every six months.

”If you’re looking for a change: consider working in fintech as a blockchain developer or marketing agent before applying to a coal mine. There’s always a future in technology.

How to Get a Job at a Crypto Startup on Angel List

Discover even more stories like this on TNW here: https://thenextweb.com/finance/2017/09/25/cryptocurrency-jobs-are-popping-up-like-crazy-even-for-non...