Fesschain launches blockchain powered smartphones, targets 10 mn shipments

Firm has tied up with a private manufacturer that can produce 10,000 pieces a day. But Fesschain is now scouting for a suitable location in Noida to set up its own production unit

Homegrown blockchain technology company Fesschain is targetting almost 10 shipments of its smartphones in the next 6-12 months.

The company, which has recently entered mobile handset manufacturing, here today launched three models of its blockchain powered InBlock brand of smartphones in the Indian market.

Fesschain founder and global CEO Durga Prasad Tripathi said the new smartphones would be available for sale from January 1, 2021 in the offline and online formats.

“Our InBlock smartphones are the world’s first fully blockchain technology backed gadgets and in an affordable price range,” he told Business Standard adding the models were priced between Rs 4,999 and Rs