Hello, my dear followers! I’m glad to see you here and welcome back to my blog! Today, I want to tell you what did happen to me last week. My wife and I flew away for a 2-days city trip. Our destination was London. It was fantastic, once getting there, we were so excited to see all the beauty of that city and to visit different places in it. But at one moment we lost each other and we could not call somewhere due to the lack of UK sims and ended mobile data. The unique solution was to search for a free Wi-Fi through restaurants or public places. Finally, we could be chatted, but the moment insane was terrible, and then I understand how important is to have always internet data on your phone and have asked me why there is no solution for it in this century? Because mobile data given to you by your mobile operator are not enough and in other countries, it may be not working.
Once we have returned home I found that there is such a solution, and the name of this project is ShareInternetData or SID. Today, I want to tell you about it.
What is SID?
ShareInternetData is a peer-to-multi-peer sharing decentralized internet system that allows people to share with each other their internet.
The main goal of SID is to allow people to access the internet of others in any place. Having such an opportunity in London, me and my wife could be easily found each other. The payment for such services is made by SID tokens, which can be purchased on exchanges from other user or get them for free for watching advertisements. This kind of reward system will motivate users to share their data.
Users can share their data even if it is their home private internet of mobile data, without the need to share your password.
Once you have connected to the internet, you can use it by browsing through any website in the SID application.
Why is Blockchain need?
First of all, it is need to secure the transparency and safe sharing of data. All operations with trading megabytes and sharing internet will be done through the Stellar protocol, similar to contracts secured on the blockchain.
SID needs to ensure the highest form of security transparency and the transactions, at the same time with a low commission. This is why SID can’t choose Ethereum or Bitcoin blockchain. Its choice is Stellar.
In the picture below is presented the main principles of platform’s work
Conclusion:
We are living in the 20th century, where people needs to access internet day by day for their operations. The problem with not enough data is an actual one and SID helps to solve it. Before investing, I’ll request everyone to read the WhitePaper. Moreover, you need to understand that any start-up represents a risk. Understanding this, that all users and SID Tokens itself can be exposed to, the developers will make all possible to reduce the chances of this to happen and will give us a successful product!
Thank you all for your attention, see you in the next reviews!
References:
Website: http://www.sidreferral.com/
Whitepaper: https://shareinternetdata.io/#whitelist
Twitter: https://twitter.com/sid_frinwo
Facebook: https://www.facebook.com/shareinternetdata
Author: dn3
Account link: https://bitcointalk.org/index.php?action=profile;u=2237720