THE PILLAR PROJECT ICO- The next-generation, open-source wallet that will become the dashboard for your digital life - OPENING IN JUST A FEW HOURS

Having already built a Decentral Station for the blockchain and helping with explaining the DAO Hack Explainer, David Siegal has set his sights on the next solution to a problem that is out there for us all, keeping your information private, while at the same time giving you full access to all of the services you use in your everyday life, and giving the user a wallet that is fully integrated with all cryptocurrencies.

https://pillarproject.io/

Having already started 2030 which is an initiative to build an open innovation platform for blockchain projects, with a very specialised team whose aim is to build products and services that they see as being mainstream by 2030.

Having two projects already in the making, the Token Factory which is making a Index Token for a version of the SMP 500 but for the crypto world.

The second Project they are developing is the Pillar Project that at its core, is a Personal Data Locker. Basically a wallet to replace iOS and Android.

They want to reinvent the way people hold their tokens in the coming cryptocurrency age.

And with this onset of this movement, they want to build the most secure tools in which to use and transact with one another with any cryptocurrency.

The idea is to have accounts, the legacy system we have today. Instead, Pillar see us having a personal data locker on your phone and all assets being on the blockchain, much like how the Hard wallets such as the Trezor, Ledger Nano S and Keepkey are working with crypto currently, having your own private keys enabling you to gain access to all the cryptocurrencies you own, all in one place.

You see, these days, people are running around, using different services and having to use a bunch of different apps with a bunch of different passwords, particularly where money is concerned.

Pillar believe that this is the wrong approach, and that instead of having apps, what people really want is services, services that will work and integrate with their lives, not the other way around.

By having a platform that can be used by other services, all of your services can be found and used all in one place, by the use of API’s, this is easily possible, and above all, will be much more secure as your ‘wallet’ will be controlled by you and only you through the use of private keys.

By eliminating accounts from the equation, we eliminate security risks and we cut out the cost of having these accounts managed.

Pillar are thinking Long Term. They believe that the landscape will change over the next 10 years, dramatically. Especially with the adoption of cryptocurrencies. What they foresee is an explosion of different cryptocurrencies for a host of many different things.

It’s difficult enough to manage what we have to deal with today, just think how we will manage what we have to deal with today x 10!!

This is what Pillar is trying to solve, to solve a problem before it even becomes one. Pillar hope to build out there service in line with how cryptocurrencies grow, to facilitate the boon of cryptocurrencies if you will.

So if you want to use a particular cryptocurrency to play for a cab and then for your lunch and then for a hotel etc, you could find yourself using a whole host of different currencies. But with Pillar, you won’t have to. Everything will be in the same place which can be easily accessed and used seamlessly through the pillar platform.

Try and think of one of those futuristic movies where there is literally no cash and everything is automated. This is where Pillar se things going, buy of course, automation cannot work without financial transactions. Pilar are putting in place a platform that will be able to let you use your cryptocurrencies without even getting your wallet out!

In the future, power will be wireless and WiFi will be everywhere. So the infrastructure for having such a system that Pillar are trying to create will be in place. What is interesting to note is that a few years ago, thinking about having everything work wirelessly and openly would bring about a huge amount of concern regarding security etc. But with the introduction of Blockchain technology, this information can be wireless and be secure at the same time. Which is why IoT is being built of Blockchain technology.

I also have to commend their approach on user adoption as they realise that most people do not want to manage their own funds and so do not take great care in doing so. At the moment people do not appreciate having to remember passwords, its a pain in the arse and we all hate it.

So Pillar will have a service where the user can choose whether or not they have a single key for their wallet or if they would like the option of a password reset. They recognise that as time goes on, users will become aware of the associated risks involved and will choose to have a single passphrase for their wallets. And if all goes to plan, will be happy in doing so as instead of having to remember a whole list of passwords, they will only need one, their Pillar Password, as it will be the gateway to access all others!

Blockchain will become an intricate part of our lives and in doing so will be so integrated we probably won’t even know we are using a Blockchain. When you don’t realise your using something and it just works, this is when mainstream adoption will occur.I have been wondering to myself, how will cryptocurrencies work when there are such huge barriers to entry to the average person? Well, with what Pillar are in the process of developing, I think this could be the answer to my question.

Pillar are conducting a Crowd-sale for the native token of their network beginning later on today in the form of a ICO. The project already had a Pre-ICO that sold out fairly quickly so the demand for the upcoming main ICO is expected to be high.

To find out more about their offering and how to participate in the ICO, you can visit their website at;

https://pillarproject.io/

The timing of the ICO can be found below, depending on where you are in the world;

They also have a forum at Bitcointalk.com where you are able to ask team members questions about the project and have a telegram channel where you can see updates as they come out. you can find these at the links below;

Bitcointalk: https://bitcointalk.org/index.php?topic=1986401.0

Telegram: https://t.me/joinchat/AAAAAENziLEX7qqQ7DP7-w

https://bitcointalk.org/index.php?action=profile;u=797789;sa=summary