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Sid Limited Signs Partnership Deal With Sentinel Following A Deal Worth $3m From Ldj Cayman Fund
By: SID Limited
Centralized systems rely on distributed systems for efficiency and scaling, which emphasizes the importance of trusting the central authority. This has not been a great model for end-user privacy. On the other hand, peer-to-peer or blockchain-based decentralized systems provide the advantage of security and privacy. With such systems, information about peers or users is not centralized. Interaction is typically localized to a few nodes or between nearby smartphones, an aspect that makes it difficult for adversaries to obtain a global view of the system.
Although there is an ongoing debate on the current decentralized systems with regard to efficiency and scalability, SID Limited (http://www.shareinternetdata.io/
According to Santosh Yellajosula, Chief Token Officer at SID Limited, the company has entered into a strategic partnership to build decentralized privacy enhancing apps.
"To demonstrate our commitment to user privacy, especially in public Wi-Fi networks, we have partnered with Sentinel – an interoperable network layer for distributed services. This partnership can potentially lead to a new generation of decentralized privacy enhancing apps built on top of SID and Sentinel's decentralized infrastructure."
The Sentinel (SENT) (https://coinmarketcap.com/
Sentinel's Advisor, James McDowall supports the collaboration between the two decentralization projects. In his view, the project will have great potential once the components of each partner are integrated at multiple levels and follow best practices of interoperability between tokens.
On his part, SID Limited Chairman Jose Merino says, "Having reached the Soft Cap in our initial token offering (ITO) with the recent support from LDJ Cayman Fund, the partnership with Sentinel clearly demonstrates the future potential of SID".
LDJ Cayman Fund (http://www.ldjcapital.com/
As a company that advocates for internet as a basic human right, SID Limited does not consider access and privacy as elements that should be traded off in future. Its journey to build a decentralized internet sharing system on blockchain technology has not only given importance to the creation of an inclusive token economy around advertising but also to privacy – the power to selectively reveal oneself to the world.
The most important aspect of the collaboration between SID Limited and Sentinel is the value proposition the partnership offers users. SID Limited is now embarking on an extensive online marketing campaign through influencers as it anticipates entering into more partnerships in future.
Jose Merino Chairman SID
James McDowall Board Advisor SENT
David Drake Chairman of LDJ Cayman Fund