SID - Decentralized Internet Sharing through the Blockchain

Internet, that one technology that connects the whole world together in one place. Everything that is currently on existent is somehow connected to the internet. This technology has truly disrupted the world in a good way. As the internet started to spread all around the world, there are still a few spots where getting the internet connection is difficult or expensive and sometimes not accessible at all. For the world to develop, the internet plays a huge part yet the technology not being spread everywhere or not being everyone able to use the internet at a convenient rate. They often suffer from the lack of communication. Then there's the sim company and the internet providers. Sometimes they are expensive, provide low-quality services and has places where they have no services at all. Whenever buying internet, there's a set time to use the internet. Otherwise unused internets are taken back and wasted.

What kind of internet services we are getting currently is not very convenient and helpful. Let it be the internet from sim or wifi. This time it's about a project called SID that will change the whole concept of internet usage.

What is SID

Share Internet Data or SID is a decentralized, peer to peer, blockchain based system that allows one to share their internet to other devices available nearby. They want to make an ecosystem where a user can exchange their internet in a decentralized manner in return for tokens. What they aiming for is to provide this service globally autonomously and share the internet service all around the world where the conditions are inconvenient and give more people around the world access to the internet.

SID intention is to reduce the inconveniences people face while using the internet and reduce the wastage. By making the internet accessible to other people in a more convenient way, they want to create a world where everyone has access to the technology. The internet resembles all over the place and a basic piece of our life. Not having the ability to use the internet for various reasons in different places of the earth is a great barrier for the technology to go forward. SID aiming to eliminate that completely.

Current Internet Service

The Internet is the technology that has kept everyone connected in this world. After the invention, it has improved a lot by now. The mobile data, wifi, and many other technologies were born. After that, the speed of the internet started to increase with the help of various technologies but this has also led to the problem of increased price. Then there's the mobile data which is expensive and also not available in many places. Wifi, only available in a small place. People face many other problems with the internet nowadays.

The internet is the very core of our world for communication, the problems are not being solved for years now. Some of the problems that are faced by most people are below

Expensive

Mobile data is taken through a sim card and provided by the company itself. Different company has different kinds of internet packages offer available to people around the world. One of the major problems here with the sim data is the most time it's expensive. For example in countries that under development or underdeveloped country or with a poor internet connection, the mobile data provider takes a large price for the even small amount of internet thus it leads to inconveniences and disconnection from the internet.

Data Losing

When buying internet through mobile, the company offers different packages for different amounts of the internet and along with that, an expiration date. People often buy more than they need and after the expiration date, the remaining internet get lost forever and no way to recover them.

Speed

In many places, there's the case of the extremely slow internet which is faced by many people. For example, public wifi is shared by many people and it offers a very poor internet speed. Then there's the mobile data provider with the EDGE and GRPS which offers very low speed.

Wifi

Wifi is available for use in a very small area and good bandwidth. Many people have the private wifi network. For sharing their internet, they need to share the password with them which is not liked by many people. There's not an efficient way to actually share the wifi among other people.

Packages

Internet providers offer different packages of the internet that comes in the different amount. Sometimes people need a very small amount of internet or really huge amount, but they might not find the suitable packages for them. This leads to many inconveniences.

These are some of the inconveniences people face every day in different parts of the world. They are also some of the problems SID is going to change from the core.

What SID offers

SID or Share Internet Data project is a project for sharing internet data in a convenient and in a secure way. Here's what SID has to offer to their users

Share Internet

SID allows a user to share their internet megabytes in return for tokens to nearby users. Sharing internet data will be easy and fast and the core is the blockchain for efficient exchange. The main goal of this is to spread the internet to the people who need them.

Price

Tradition system of internet megabyte buying price is almost as fixed and the price almost never changes in a package. With SID, one can exchange tokens for an amount internet. When exchanging tokens for internet, the price varies from the traditional system and might get one a lot more internet than the current system. The whole process is done in an automated way through the blockchain. The token that will be used for buying internet can be earned or bought.

Secure

SID is based on blockchain and every trade of tokens for internet done in the platform will be decentralized. Any information about trades are stored in a secure place and no data can be stolen hence providing a secure platform.

Wifi

In the traditional way, one doesn't get the opportunity to share wifi internet without sharing the password which is not liked by most wifi owner. With SID one can share their private wifi to nearby devices in exchange for tokens. The whole process does not require to share any kind of password to share internet.

Consuming

The whole process of buying internet through the tokens, there's a set limit for the amount of megabyte available for per tokens. However, it can change anytime. When consuming the internet through this process, it strictly trades token only the amount of megabyte was consumed. No more small or big package dilemma.

Internet Power and Speed

Low internet speed a very common problem when using the internet through the traditional system. With SID, one can get access to high-speed internet in exchange of tokens. The process will be fast and it can get the internet one desires.

Mobile App

Smartphones are that one device that is used worldwide by most of the people. SID services will be available in smartphones. One can easily get their desired internet just from a few clicks on their phones. The app will be available worldwide for everyone to use and to share their data with everyone.

Why Use SID

SID platform in real-life can come in handy and it has some good real-life usage. If SID is used in different places, it can improve our life quality. Here's why one should use SID

• Anyone can share the internet with other peoples thus giving the chance for everyone to use the internet in their daily life
• Many people have thousands of megabyte expiring in near future. When expired these megabytes are lost and can't be returned. By sharing these megabytes one can not only help get the megabyte they need but also get some tokens in return with the megabyte that was. almost on the verge of expiring.
• Everything inside the SID platform is decentralized and secured. No fear of Data stealing
• The user interface is easy and convenient and fast
• With SID it will also be possible to share wifi with other people
• By using SID it will be possible to make the internet available all around the world and in everywhere
• SID can be an easy way to get some tokens
• The amount that will be paid in form tokens for the usage of internet will be the exact amount the megabyte was used
• SID can provide a very high-speed internet
• SID service is available via the smartphone and will be available worldwide
• By using SID it will reduce the amount of internet wastage
• When buying internet it will be made by the blockchain and it will be a fast and secure transaction
• The price of the internet by the SID will be cheaper
• By sharing wifi it will be possible to earn extra without almost as doing nothing

Why Blockchain

Share Internet Data or SID will be working with the Stellar blockchain and it will be the core for everything for SID. The primary reasons for working with Stellar are below

Decentralization

Like many other public blockchain is capable of providing the decentralization. SID is looking for decentralization as the core of their system

Security

Blockchain can provide the ultimate security desired by everyone. That security is provided the blockchain, the decentralization.

Transparency

Every transaction made on the blockchain is saved in the blockchain. This shows transparency as well as the records.

Cost

SID could have went with any other blockchain such as Ethereum. But they choose stellar. Stellar has a very small fee for transactions and SID will be having multiple per minute and many transactions per day. So to save fees, they choose stellar.

Roadmap

Team

SID Token

Share Internet Data project token name is SIDT. The role of SIDT in SID ecosystem is great and some of them are below

• All transaction will be made with SIDT
• For buying me megabyte SIDT is the currency
• When sharing megabyte, the user will be rewarded with SIDT
• The price of megabyte will base on SIDT token
• Everything will be calculated in SIDT token

ICO Details

Some details are SID ICO is below

• Token Symbol: SIDT
• Token Protocol: Stellar
• Total Supply: 25,000,000,000 SIDT
• Token Price: €0.01
• Hard Cap: €80,000,000
• Accepted Funds:
BTC, BCH, BTG, LTC, ETH, XLM, Fiat

Token Dsitribution

Conclusion

SID project target is to make the usage of internet megabyte in a better and make internet available to the whole world in a more convenient way and price. When it's about internet, every improvement is huge. SID is revolutionary project

Find more about SID project in these links

Website: http://www.sidreferral.com/
Facebook: https://www.facebook.com/shareinternetdata
Twitter: https://twitter.com/sid_frinwo
Telegram: https://t.me/SID_English
ANN Thread: https://bitcointalk.org/index.php?topic=3842931
Whitepaper: https://shareinternetdata.io/#whitelist

My Profile

BTT Username: Sakib0194
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1841935;sa=summary
Telegram Profile: https://t.me/Sakib0194
ETH Address: 0x8c26fD54c42B06593258b86b9D0F91CC9e5E64e5