Next generation, open-source wallet
Smart contract blockchain
David Siegel - Co-founder/CEO
Tomer Sofinzon, MBA - Co-founder/CRO
Vitor Py - Co-founder/Architect
Yogesh Gaikwad - Co-Founder/Investors relation
The Pillar project is one of a multitude of digital wallets built on the technology of blockchain, decentralized and open source. Yes, the number of projects in that area is huge and each of them in theory has a chance of success. Therefore, to evaluate the project, you need to look at the details. The site does not evoke good impressions, at least for the technical project. On the other hand, it can be noted that the project has a detailed road map that allows to think that the team is aware of how such projects are implemented. As for the White Paper - the design again is not impressive, but the content at a fairly high level - there is a lot of important information. It is worthwhile to continue to monitor the project before making a decision about investments.
User ReviewWrite review 5 reviews
The pillar token along with Pillar wallet can be used to access various services of the Pillar platform and ecosystem.
This project has a great potential to impact e-Government services, identity, defense and security, wealth management, employment etc and other high valued verticals. But it remains to be seen how much of the pillar platform reaches some of its big goals that it has setup given that the vesting for the founding team is only 9 months and there is not much clarity on the creation of the team to build the actual product.
But again, the best thing about this project is its vision and the way the focus on agility and community participation to build the pillar ecosystem. That is one of the key reasons I am sure many will be part of this ICO. The ICO is realistic about their future roadmap that while they have big goals to achieve, being agile is the key and given there are rapid changes in the Blockchain ecosystem to give an inflexible plan will not be correct. Also by promising to help to setup a Blockchain hub in London they are adding a great value to one of the most important financial centers of the world and I am sure Pillar project will help bring some of the best future innovations by building upon existing platforms if executed properly.
Pillar wallet is the next-generation, open-source wallet that will become the dashboard.
This project has a big vision to address issue like data security, privacy, seamless integration of various service and actions using Blockchain and Smart contracts.
But this project does not reflect to be an original idea but rather an amalgamation of various ideas. The idea tries to put into action the ideas that were envisioned by David Siegel in his book Pull. While the vision is from 2000 and the book was published in 2009 but implementation using smart contracts and blockchain is something which I feel many projects & ICOs are implementing in different capacity.
My biggest concern is that PLR or pillar token which is a ERC20 token based on Ethereum platform is pinned as the underlying token for paying or accessing services in the Pillar ecosystem but ERC20 has a major issue of getting trapped in smart contract addresses where it is not intended to go because of which ERC23 token has been mooted. Also, Ethereum platform is itself facing scalability issues with so many ICO projects making as its basic platform of transaction. Now given the kind of scalability that Pillar wants to bring, would not it have been prudent to create an entirely a new ecosystem as Tezos or even peg their platform on ETC platform that Corion does.
After opening their site that should stand as the biggest advertisement and information provider for potential investors, one can have a feeling of some amateur design and people not being too serious. It gives a vibe of developers having heard of some cryptocurrency and they suddenly without any previous background or experience or even an idea, want to create a wallet and make some money.
It's nothing innovative nor well executed. The product seems cheap and that there wasn't much thought put into it. I would be careful with it. Also there are many better wallets that aim to do same things and even more.
Good project but there are lots of them like that.The project has it own token(pillar token).If this project wants to be a succes a need real new innovations.Pillar promises to be a very storage af data of all sorts.There is a lot of competition already for these wallets and and don't see anything really new or exiting.There will be more needed than good advertising for this wallet.
I've already seen thousands of projects like this one with the target of creating a one wallet or application that will manage everything you need to do in cryptoworld, with all the payments and exchanges integrated. And that's the thing. There are many other projects like this and many projects better and well prepared. They are passionate about their project, however I can't see them doing anything more than dreaming big.
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