Huawei may be on the verge of making a significant step towards ‎penetrating the blockchain space. The Chinese smartphone maker and ‎telecommunications giant is reportedly in talks to license SIRIN LABS’ operating ‎system and could reach an agreement in the coming ‎weeks, Bloomberg reported on Wednesday, citing people familiar ‎with the matter.‎

The negotiations between the Israeli startup and Huawei are well along ‎but no agreement has been signed, according to the report. ‎They discussed the possibilities of launching smart‎phones powered by blockchain technology, which, if it went ahead, would be a crucial move that enables Huawei devices to run on the Labs’ own ‎open source operating system.

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Supported by the SRN token, SIRIN OS is designed to support inherent ‎blockchain applications such as cold storage crypto wallet, secure exchange access, encrypted ‎communications and a P2P resource sharing ecosystem for payment and apps.‎

Moshe Hogeg, founder and CEO of SIRIN LABS, confirmed the news ‎on Twitter indicating that his firm met with representatives of ‎Huawei, which is currently the third largest smartphone ‎manufacturer in the world, behind Apple and ‎Samsung. ‎

A caption on SIRIN LABS’ Telegram chat group ‎also reads: “amazing meeting just concluded between Sirin Labs and ‎Huawei. Among other things discussed was the possibility of ‎cooperating together to bring blockchain technology to the masses in ‎a secure way.”‎

Touting its product as the “world’s first blockchain phone,” SIRIN LABS said pre-‎orders for the FINNEY phone have surpassed ‎‎25,000 unit‎. FINNEY ‎devices will be available in market in the second half ‎of 2018.‎ The project ICO raised ‎‎‎$157.8 million in the fourth largest token sale in history‎‏.‏

As a direct result of this growing demand, Sirin Labs‎ plans to add 5 brick-and-mortar locations over a period of a few months against the existing strength of its flagship store in London’s Mayfair.

In December 2017, the developer of the SOLARIN ultra-secure mobile phone ‎‎signed Barcelona star Lionel Messi as its brand ‎ambassador.‎