SIDERA - Decentralized Wearable Devices

The biggest problem with Bitcoin at the moment is that it has not broken out into mainstream adoption. One study pegs the number of active cryptocurrency users to between 2.9 and 5.8 million. This paper proposes a solution for adding a billion users to the cryptocurrency movement by adding two key elements missing in order to provide significant adoption by mainstream users.  Cryptocurrency suffers from complexity for the average user. Managing private keys, public keys, blockchain concepts—it’s all vastly out of the reach of the average user. In some cases the next Billion users may even barely be able to operate a smartphone.

Today, the only thing you can buy with a cryptocurrency are other cryptocurrencies. The vast majority of people have no involvement with this process and no interest. Until the average user can use cryptocurrency to buy a bag of rice or a loaf of bread, the relevancy of cryptocurrency will be restricted to a small audience.  The Sidera platform for consumerizing cryptocurrencies by enabling their use in retail Point of Sale (POS) through a smartwatch and a contactless smartband. Following in the footsteps of Bitcoin, Sidera has the same properties of Real Implementation, Open Governance and Incentivization that allows for the rapid global expansion of the solution.

Review

Sidera is a complete end-to-end solution for contactless and smartwatch retail point-of- sale (POS) including a full-stack reference implementation of all the components. It includes a mobile application and point-of-sale (POS) terminals that are already in deployment. All of these components will be made widely available through open source and open specifications. By releasing the full-stack reference implementations as open source and open specifications, we can enable ubiquitous worldwide distribution of the Sidera protocols and ensure the rapid expansion of the value of the Sidera Network.

The Sidera network incentivizes participation through providing free hardware to retail stores in the initial target geography in Europe. Users are incentivized to participate in the Sidera network through accessibility and ease of use, with the convenience of mobile payments and the simplicity of a smartwatch . With a solution that decreases complexity and adds relevance of cryptocurrencies to end users, we will see rapid mainstream adoption of cryptocurrencies and the merging of the crypto-economy (current estimated value in October 2017 of 170B) with the much larger mainstream economy (estimated value 214T).

Sidera will help to generate demand for new and old, as well as big and small cryptocurrencies. No other online cryptocurrency exchange can bring in new cryptocurrency users from this segment and in the same number, thanks to our powerful focus on attracting the consumer market.  Sidera Platform will be provided as open source and the hardware reference implementation specifications will be provided under Creative Commons. The Sidera solution will therefore be readily deployable across the world in regions outside of europe. With these international deployments, sidera will be able to reach the 1 Billion user mark.

With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few. While many types of shared economy scenarios are proliferating, few of them, so far, leverage the Internet of Things and blockchain as technologies to build distributed applications. The future growth of the wearable technology market would be driven by consumer preference for gadgets, increasing growth prospects of next-generation displays in wearable devices, and growing popularity of connected devices with Internet of Things (IoT).

Sidera scalable ecosystem revolves around a new revolutionary way of sending crypto: Decentralized Wearable Devices (DWD). For this purpose we developed the first Decentralized Wearable Device Project of the world: SmartBit. It is personal, non-intrusive and crypto-friendly! Your funds are secured around your wrist, fully encrypted, allowing offline wrist-to-wrist exchanges and a plethora of other innovative characteristics. 

SmartBit is a new idea of smartwatches and smart-bands focused on Bitcoin and cryptocurrencies. Scope of these devices is to provide for its users an easy, handily, innovative and secure way to manage the Crypto-environment. SmartBit lets people receive, send and manage Bitcoins and any other cryptocurrency or token ERC20 completely from their wrist in a beautiful and secure way. The smartwatch is linked to a companion app which handles features like addresses, contacts, blockchain synchronization, and much more.

SmartBit devices are linked to a companion smartphone/PC app via Bluetooth technology. This permits the smartwatch/wristband to manage tasks that run on the smartphone/PC application. We are developing a multi-platform app that allows to extend the functionality of the smartwatch handling specific tasks. The built-in software permits users to receive Bitcoins or any other existing token directly on the wrist generating new addresses. It is possible to generate a new address from the smartwatch/wristband simply by pressing a button.

Info Crowdfunding

Follow the Development Here

·       Target 15,000,000 USD

·       51,000,000 of Token ERC20 eQUOS
1 USD = 0.5 eQUOS

Sidera, in case of issues with platform access which it can’t be held responsible for, or other forced major delays, reserves the right to extend the distribution phase by 15 days in order to guarantee contributors’ participation.

·         SOFT CAP: 1,500,000 USD
(if the soft-cap will not be reached during Pre-Distribution and Distribution, the funds will be returned)

·         HARD CAP: 15,000,000 USD
(once the hard-cap is reached, the donations will be halted)

·         TOTAL SUPPLY 51,000,000 eQUOS

·         1% of funds raised will be donated to charitable organizations.

 For Information detail visit link in below :

WHITE PAPER | ANN THREAD | WEBSITE |

 TELEGRAM | MEDIUM | FACEBOOK |

 TWITTER | LINKEDIN

By : Arlonk

My Bitcointalk Username : Jancuki
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d