Sidera: Bringing the Blockchain anywhere with wearable technology

hypervira (46)in #ico • 6 years ago

One probable reason why crytocurrencies have not penetrated the world is because of its lack of real-life application. Others even find it hard to understand its overall process and functionality, leaving many the difficulty of entering the crypto-community. Despite project trying to bridge the gap and expand the crypto-community, unless a seamless integration of cryptocurrencies in a daily life setting is made possible such domination and growth will remain a dream for the future.

The Blockchain Technology and its community as a whole make a centralized market setting into a decentralized one. This decentralization made processes transparent, agreements immutable and transaction fees a lot lower. But despite such benefits, many remain indifferent about cryptocurrency usage and the team behind Sidera has brought the world a solution that will make many users want to engage with their crypto assets more and more in their daily lives.

The Sidera Network offers an extensive end-to-end solution for contactless solution through wearable technology, further allowing users to simply wear their crypto assets anywhere they go. Sidera has its own smartwatch harnessing the power of Blockchain together with its other feature including common smartwatch feature.

Such solution offers its users to pay their favorite shops, restaurant, amenities and other partner establishment to make use and pay using cryptocurrencies in a similar manner as paying using the fiat currency. The Sidera Network has already deployed POS terminals on partners’ establishments where the Sidera community can easily do seamless transactions with them.

With the goal to induce massive adoption of cryptocurrency in a global scale, the team behind the Sidera Network will build relationships to many more convenience stores, shopping malls, retail shops, chain outlets, cafe, restaurants and other outlets that the Sidera community can enjoy. Having been deployed initially in Europe, the team hopes to expand in the Asian region, Southeast Asia and China, within the span of 3 years.

The Birth of Sidera

It is well-known that the mass adoption of the IoT and wearable technologies has enormously dominated the world’s technological market. Many are patronizing wearable technologies for its convenience and many are following IoT products because the idea of having been able to control things remotely has offered so much convenience. The world simply loves convenience with a style.

So to be able to address to such type of market, the team behind Sidera combined IoT and the wearable technology with the Blockchain to further step up the utilization of cryptocurrencies and bringing it more value for allowing users to spend their digital assets in a similar way with fiat currencies.

The Sidera Solution

Being a payment platform, Sidera understands how users place importance to freedom and privacy. Providing a decentralized smartwatch called SmartBit supported with Blockchain Technology is a solution that allows users to maintain their privacy.

SmartBit is Sidera’s smartwatch that allows users to send, receive and manage crypto assets on their wrists. SmartBit is connected to a mobile application via Bluetooth Technology, very much similar to existing smartwatches, that handles various features.

SmartBit comes in three versions. First is the BitBand that offers interchangeable bands with touch display. Second is the BitWatch Premium that is a 3-color smartwatch with touch display. And third is the BitWatch Visionary that has multi-layer security with facial recognition and biometric sensor.

Sidera’s smartwatch offers date and time display, real-time Bitcoin/Multicurrency/ERC-20 exchange price data, notifications and allows other types of Bitcoin wallet operations such as sending, receiving and management of cryptocurrencies.

To receive cryptocurrencies using the SmartBit, the user can press a button to generate a unique QR code containing the amount to be received and show it to the sender to share the code to contacts through external apps like Messages, WhatsApp, WeChat, Telegram, Skype and likes.

For wallet generation, Sidera has created a proprietary way of wallet generation that involves strokes and hand movements and include the necessary private and public key along the generation. The image below shows the wallet generation movement.

Sending cryptocurrencie with the SmartBit comes in an exciting way. The notification feature of SmartBit allows it to automatically detect a wallet address in it and the user can either choose to send the amount stated or cancel the request. Senders also have 2 ways of choosing how much cryptocurrency that will send. They can write the numbers directly on the screen or tap the corresponding numbers flashing on the screen. This way, nobody can easily send cryptocurrencies anytime they want to without knowing how it is done. For senders to successfully send cryptocurrencies, they will be first prompted to input their personal PINs to complete the transaction.

The SmartBit also supports sending and receiving of funds through proximity wrist-to-wrist sending. As long as two SmartBit watches are in range, crypto transactions can be made through the use of WiFi and Bluetooth Technology. Most importantly, this feature allows users to send fund offline. In the case of sending, all details will remain on the watch and will automatically synchronize to the Blockchain once the watch gets connected to the internet again.

To ensure utmost security, the SmartBit will only be able to successfully connect to the mobile app one the Unique Identifier gets accepted by the watch’s sensor. Such Unique Identifier makes use of another Sidera technology that uses arm movements, skin perspiration and other elements unique to a user. This secures the wallet in general. Pairing of the smartwatch and multiple devices will only be feasible to the user’s identifies devices. Lastly, the private key of a user’s wallet will be stored and kept in the Sandbox, which is protected by military-grade encryption technology.

Another security feature of SmartBit is the Ghost Mode option. Once activated, the smartwatch will now act like and ordinary smartwatch leaving no trace of being a crypto wallet to anyone of interest.