SIDERA.IO PROJECT ICO 2018

INTRODUCTION

Blockchain is a distributed database system that acts as an “open ledger” to store and manage transactions. Each record in the database is called a block and contains details such as the transaction timestamp as well as a link to the previous block. This makes it impossible for anyone to alter information about the records retrospectively. Also, due to the fact that the same transaction is recorded over multiple, distributed database systems, the technology is secure by design.

With the above in mind, blockchain is immutable – information remains in the same state for as long as the network exists.

Perhaps most significant development in IT over the past few years, blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality.

blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality just two of the benefits afforded to businesses using Satoshi Nakamoto’s landmark technology.”

When you talk about blockchain in the context of Bitcoin, the connection to Big Data seems a little tenuous. What if, instead of Bitcoin, the blockchain was a ledger for other financial transactions? Or business contracts? Or stock trades?

The financial services industry is starting to take a serious look at block chain technology. Oliver Bussmann, CIO of UBS says that blockchain technology could “pare transaction processing time from days to minutes.”

The business imperative in financial services for blockchain is powerful. Imagine blockchains of that magnitude. Huge data lakes of blocks that contain the full history of every financial transaction, all available for analysis. Blockchain provides for the integrity of the ledger, but not for the analysis. That’s where Big Data and accompanying analysis tools will come into play.Recently, a consortium of 47 Japanese banks signed up with a blockchain startup called Ripple to facilitate money transfers between bank accounts using blockchain. The main reason behind the move is to perform real-time transfers at a significantly low cost. One of the reasons traditional real-time transfers were expensive was because of the potential risk factors. Double-spending (which is a form of transaction failure where the same security token gets used twice) is a real problem with real-time transfers. With blockchains, that risk is largely avoided. Big data analytics makes it possible to identify patterns in consumer spending and identify risky transactions a lot quicker than they can be done currently. This reduces the cost with real-time transactions.

In Industries outside of banking too, the main drive for adoption of Blockchain technologies has been security. Across healthcare, retail and public administration, establishments have started experimenting with blockchain to handle data to prevent hacking and data leaks. In healthcare, a technology such as blockchain can make sure that multiple “signatures” are sought at every level of data access. This can help prevent a repeat of events such as the 2015 attack that led to the theft of over 100 million patient records.

In reference with this article, Today, I will be presenting you a particular undisputed project called: SIDERA.IO

WHAT IS SIDERA.IO?

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.

Sidera scalable ecosystem revolves around a new revolutionary way of storing crypto: Decentralized Wearable Devices (DWD). Your funds are secured around your wrist, fully encrypted, allowing offline wrist-to-wrist transactions and a plethora of other innovactive characteristics, such as: - Entropy seed generation with the arm movement; - NFC POS payments with on-the-fly crypto-to-FIAT conversion; - Ghost mode, and much more! The security of the device, and its integrated hardware wallet, is assured by a body sensor placed under the smartwatch. This sensor will analyze from your body a few signals (movement, perspiration, etc.) elaborating a specific ID in which will be encrypted the private seed of the hardware wallet. If somebody stoles your device he won't manage to access any funds because the sensor will reject his body. Sidera is releasing also Continuum: the first completely wearable decentralized exchange.

ABOUT SIDERA.IO

Sidera combines the best of two worlds, blending the revolution of Blockchain technology with the innovation of IoT wearable devices.” Camillo Piscitelli - Project Envisioner

Sidera is launching SmartBit, the first Decentralized Wearable Device of the world.

We are changing che cryptocurrency market allowing for the first time to store crypto on the wrist with an integrated wearable hardware wallet. Our device is a smartwatch with endless possibilities, for example:

Wrist-to-Wrist OFF-CHAIN transactions between SmartBit Devices
Wallet entropy generation with the arm movement (usually you do it moving the mouse of the PC)
Ghost mode: you can completely hide the blockchain features keeping everything away from peeking eyes
NFC pos payments with on-the-fly crypto to FIAT conversion: it will be possible to pay in any shop directly in USD thanks to Sidera's e-payment license filling. This will completely disrupt the crypto market allowing us to scale exponentially.

Lastly, let's talk about our advanced security. This is the most important part of the project. The security of the device, and its integrated hardware wallet, is assured by a body sensor placed under the smartwatch. This sensor will analyze from your body a few signals (movement, perspiration, etc.) elaborating a specific ID in which will be encrypted the private seed of the hardware wallet.

If somebody stoles your device he won't manage to access any funds because the sensor will reject his body.

This is a huge advancement that will allow us to go beyond the crypto market entering sectors such as:

banking/financial
military
healthcare

Example: we can get from our users their health information and transmit it to elaboration centers that will use the data to improve and enhance the healthcare sector. The important part is the privacy of the users: thanks to the blockchain the privacy of the users will be always safeguarded. Every piece of data will be transmitted completely anonymously. In the days of GDPR and privacy concerns this is very important.

On our official website you can see all our innovations (there is a new proprietary blockchain) and our team. The security of the entire project is managed by Security Brokers, one of the most important Cyber Security company of the world, with prominent members that collaborate directly with defense departments, INTERPOL etc.

Our proprietary Blockchain is based on our innovative Proof-of-Load Protocol, which splits the network in two levels: masternodes and micro-nodes. We divided the computational power of the network within the two layers delegating to the micro-nodes level (which is composed by the smartwatches) some of the transactions.

SIDERA.IO FEATURES

The SmartBit software can be enhanced with a lot of options and personalization. In addition to the standard features (Date/time, bitcoin/cryptocurrencies/ERC-20 price, chart mode, notifications, send/receive funds), you can add:

• News: last news from blogs and websites (Bitcoin related or else), possibility to save/bookmark news for later reading (ex. save to Pocket).

• Watchfaces: change the date/time/currency price layout to your preference. Possibility to create your own watchface directly in the companion app: load an image/gif as a background and reorder date/time/currencyprice elements depending on your needs.

• QR generator: add the possibility to display QR codes related to other type of informations (ex. Social accounts, personal info, etc)

• Currency converter: realtime currency conversion.

• Weather, Music, Other The goal is to create the first crypto-smartwatch in the world without renouncing to the cool features already available in other products.

• Price alerts: possibility to receive price notifications depending on changes in the current price.

• Favorite address list: you can save specific addresses used to receive funds (ex. Personal addresses belonging to specific exchangers). You also have the option to send money to those addresses).

• Trading: possibility to view and monitor current open positions. Possibility to close positions.

• Authentication API integration: as described above the SmartBit device operates as an authentication token for the companion smartphone app. This feature will be extended to other popular services in order to add an extra layer of security.

• NFC: NFC module for fast every-day POS payments.

SIDERA.IO ROADMAP