SID Ico Review: Autonomous Global Internet Sharing Platform

About SID

SID is a peer-to-multi-peer decentralized internet sharing system that allows sharing internet from one person to another in an automated manner. One of the key missions through this project is the following: “To lift as many people as possible out of poverty by means of giving the less fortunate a way to access the internet for free”. SID aims for Users to be able to get in future free internet access by obtaining tokens in exchange for consuming advertising. Such obtained tokens can then be used to consume internet megabytes from other nearby Users in exchange for tokens, meaning SID Tokens are intended to be used on the SID platform as a functioning good.

Basic Information

Token NameSIDT
Token Sale=====
Social MediaSID Token Ico Review: Autonomous Global  Internet Sharing PlatformSID Token Ico Review: Autonomous Global  Internet Sharing PlatformSID Token Ico Review: Autonomous Global  Internet Sharing Platform
Token Price0.01 EUR
PlatformStellar
Token Supply=====
Hard Cap=====
AcceptingETH, BTC, LTC, FIAT, BCH, XLM, BTG
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Solution

The company proposes a solution, different to the status-quo, where users up to now only obtained Internet directly from traditional service providers or mobile network operators or Wi-Fi hotspots. SID will offer Smartphone Users the possibility to access crowd-sourced internet shared by other Users of the “SHARE INTERNET DATA” ecosystem when they have no coverage or no data credit or simply no Internet access at a given location but they are nearby other SID smartphones who do have Internet access. This is achieved by using our innovative crowdsourced Internet in a peer-to-peer or peer-to-multi-peer structure overseen by a patent-pending proprietary technology.

The trading of tokens for megabytes of the shared Internet will be done in an automated way through contracts secured by a blockchain. Such trades will create a liquid token (virtual voucher) market that could possibly trigger the unleashing of a vast amount of people coming out of poverty simply by the fact that they would have finally a means to access the Internet.

Which blockchain will be used?

The principal objective of a Blockchain for Share Internet Data (SID) is to ensure the highest possible form of security, transparency, and efficiency of executing the trades of Tokens (vouchers) for Megabytes transactions and keeping SID future users’ Wallets up to date and safe. To this end, the company is in discussions with major custodians which are able to offer rich APIs which the company interfaces with, in order to provide the sort of efficiency and transparency that potential regulators and the Users of the system can take absolute comfort from. The system aims to handle cross-border, multi-micro-trades settlements operating around the clock including the regular transfers of traded Tokens to the future SID Users wallets. Further details, if any, to be announced in due course on the website.

Share Internet Data (SID) top-level system

In order to better understand the ins and outs of the working of the key technology of the SID system, the company start from a top-level view of the SID system and then the company goes down to the more detailed technical description of the core technology.

This “Network” gateway to the “Internet” could be a Mobile Network Operator or a Wi-Fi network, whilst all other
smartphones WDb to WDn have no internet access for whatever reason; not in Wi-Fi range or no WiFi password or no mobile coverage or no mobile data credit left. Here is where our SID technology kicks in, when the Smartphone WDb User, without any direct internet access, is nearby Smartphone WDa User then the Smartphone WDb “SID SDK” aims to automatically interact with the Smartphone WDa “SID SDK” over a secure encrypted “Signalling b1” channel exchanging all necessary info such as, have sufficient Tokens (Vouchers) and the frequency channels that are seen free or least interference radio channels and so forth.

More detailed technical functionality explained

Furthermore, the SID SDK technology is designed such as to comply mainly with most recent pending patent, namely NOT to use a VPN Cloud-server and NOT to use the Smartphone tethering or hotspot function at all. Additionally, the security aspect when sharing internet aims always be high on our technical priority list. A top-priority as described in the embodiments and claims of the recent pending patent is to reduce power consumption to acceptable levels, such as a negligible power consumption of the SID SDK whilst not being nearby other smartphones with the SID SDK or when connected itself to an internet source.

VPN Cloud-server is not used anywhere in our SID system

The simple explanation is this one. None of the SID system servers use any VPN Cloud-server, VPN remote server on the internet, as that is forbidden in certain countries. Instead, the company has developed a proprietary data communication on top of existing standard radio standards such as on top of WiFi-direct, Bluetooth or BLE (Bluetooth Low Energy). The proprietary nature of the secure links between Smartphone’s and Tablets is what allows us to ensure we comply with the following points, namely to:

– Limit the power consumption of those User’s Smartphone devices that have the internet to share.
– Maximize the security of any data exchanged between User’s Smartphone devices.
– Comply with global laws, by not using any forbidden features as the use of VPN Cloud-servers

Protecting Users’ data and payload.

In this respect let’s go step by step; firstly, the User’s data is treated identical to the companies’ data, meaning the same protection levels are applied on multiple levels. Firstly, all communications into and out of the SID SDK are only done in the securely protected method https already today in the released SID APP, whenever possible also TLS is recommended to be applied by websites themselves as an additional encryption level by any 3rd party accesses attempt. The SID SDK encrypts all communications between smartphones BUT on top of that also the payload that contains the internet petitions and internet responses are encrypted with an additional 128 bit AES encryption. This means that all Users’ data and company data has a minimum of 2 and in some cases 3 protection levels, one on top of the other.

Video

Team
Member
José Merino – CHAIRMAN
Lajos Kiss – CHIEF OPERATING OFFICER
Jesús Ruiz – LEAD DEVELOPER – CEO SPAIN
Daniel Urbano – CTO

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 22 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

Latest ICO

Lyntoken Ico Review : A token that solves critical problems in the cryptocurrency

About Lyntoken Lyntoken strongly believes that cryptocurrency is the way to move forward but the current situation...

ArcadierX Ico Review : The world’s first reverse ICO by a leading marketplace builder

About ArcadierXArcadierX will utilize the power of distributed ledger technology along with innovations in inventory sourcing...

Share this post

Diamond ICO

InnovaMinex ICo Review : InnovaMinex – #1 Blockchain platform for precious

About InnovaMinexIt is an InnovaMinex business model that uses blockchain technology to guarantee the traceability of precious...

HetaChain Ico Review : HetaChain Platform – Private Sale is Live

About HetaChainHetaChain is an advance, high- performance blockchain 3.0 built with industrial scale computational capabilities that...

Fidelity House Ico Review : FidelityHouse is a Social Content Network

About Fidelity HouseFidelity House is a Social Content Network that allows users to be updated on...

ACTIVE ICO

Active ICOsEnd Date
Depository Network (DEPO)
Platform: Ethereum
December 15, 2018
in 14 hours
Holiday (Holiday Coin)
Platform: NEO
December 15, 2018
in 14 hours
AvailCom (AVL)
Platform: Ethereum
December 15, 2018
in 14 hours
Raido Financial (PreICO) (RF)
Platform: Ethereum
December 15, 2018
in 14 hours
Gastro Advisor (PreICO) (FORK)
Platform: Ethereum
December 15, 2018
in 14 hours
Mt Pelerin (MPS)
Platform: Ethereum
December 15, 2018
in 14 hours
Resto (RESTO)
Platform: Ethereum
December 15, 2018
in 14 hours
Envoy (NVOY)
Platform: Ethereum
December 15, 2018
in 14 hours
ArtNoy (ART)
Platform: Ethereum
December 15, 2018
in 14 hours
Canabio (CNB)
Platform: Ethereum
December 15, 2018
in 14 hours

Live Price

#NamePriceChanges 24H Volume 24H

Top Gainer

NamePriceChanges 24H
(ARB)
ARBITRAGE
$3.90896.27%
(TDS)
TOKENDESK
$0.024452.10%
(HWC)
HOLLYWOODCOIN
$0.120032.38%
(ELY)
ELYSIAN
$0.0023731.73%
(NAV)
NAVCOIN
$0.156930.29%

Top Losers

NamePriceChanges 24H
(EMPR)
EMPOWR COIN
$0.00000100-49.45%
(WGR)
WAGERR
$0.0425-49.06%
(IXE)
IXTUS
$0.000506-38.36%
(IMT)
MONEYTOKEN
$0.000264-31.71%
(RMESH)
RIGHTMESH
$0.0183-26.89%