Several major Chinese smartphone makers are planning or have announced the release of "blockchain smartphones". They are the latest group of firms joining the current cryptocurrency frenzy. Huawei Technologies Ltd., the world’s third-largest smartphone manufacturer, is reportedly planning to develop a smartphone build upon blockchain technology, according to Chinese media reports citing insiders. Two days ago, Chinese tech firm Lenovo Group unveiled its first blockchain smartphone, Lenovo S5, priced from RMB999 to RMB1,499, the lower end price range for smartphone …

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