Even though most of the people owns crypto currencies today, real world experience of using cryptocurrency is not easy and comfortable as we expected. Nowadays, only use of cryptocurrency is buying another crypto currency. Each and every crypto currency holder has an expectation of using their currency in day today transactions such as payments and purchasing. Sidera has identified a creative solution for this problem.
Sidera has introduced a complete end-to-end solution for retail point-of- sale using a smartwatch which combined with blockchain. It includes a full-stack reference implementation of all the components. This consists with a mobile application and point-of-sale (POS) terminals. Basically, Sidera is introducing a mechanism to store crypto on the wrist watch with an integrated wearable hardware wallet. In simplest worlds Sidera is a Decentralized solution based on blockchain for retailers.
Most important features of SmartBit can be described as follows,
• Wrist-to-Wrist transactions
Your crypto wealth is secured around your wrist, fully encrypted. It allows you to send or receive crypto currencies such as EQS, Bitcoin and other tokens through wrist-to-wrist offline transactions. In order to take advantage of this feature two or more SmartBit devices must be in range. The device will then detect any specific other device, if available, allowing to send or receive funds.
• POS Payment NFC
Integrated NFC enable users to do worldwide POS payments with on-the-fly crypto to FIAT conversion methodology. It will be possible to pay at any shop directly in Dollars using Sidera's e-payment license filling.
• Secure Anti-Theft System
With SmartBit, your funds are impossible to be stolen, even if you lose BitSmart or the private key. They have you covered with multi-layer security. For the security of this product the crypto-wallet operations on the smartwatch will not work if the smartwatch and the smartphone are out of range. The same will occur if the user wants to manage the tasks on the smartphone app, it will be required to wear the SmartBit device.
• Ghost mode
You can completely hide the blockchain features keeping everything away from peeking eyes by using ghost mode. It is an ultra secure partition fully encrypted in military-grade AES-2048. With this mode activated everything appears as a normal smartwatch; with time, weather, notifications.
• Seed entropy generation
This is an interesting mechanism use in SmartBit. It allows wallet entropy generation with the arm movement. This is a replacement for what we usually do by moving the mouse of the PC.
• Auto-detect
Device will auto detect crypto-address included in the notification message. It can sort out the wallet address from other strings in a message.
• Higher security
The safety of the device, and its incorporated hardware wallet, is confident with the aid of a body sensor positioned under the smartwatch. This sensor will analyze your body for a few signals elaborating a specific ID in which will be encrypted the private seed of the hardware wallet. If somebody stoles your device he cannot access your wealth as the sensor will reject his body.
Website: https://sidera.io/
Telegram: https://t.me/sideraofficial
Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
Ann:
https://bitcointalk.org/index.php?topic=4756894.msg42969261#msg42969261
Twitter: https://twitter.com/siderabc
Facebook: https://www.facebook.com/siderablockchain/
Reddit:
https://www.reddit.com/user/SideraBlockchain?st=JIRSDIAI&sh=dd548a81
Linkedin:
https://www.linkedin.com/company/sidera-blockchain-technologies
