IN CASE YOU HAVEN’T SEEN or used a wallet, you can watch David’s video tour of the Lykke wallet to see one in action. A wallet is software that holds the private keys to your assets sitting on a blockchain. You transact by “signing” orders. The Pillar wallet will hold keys and let you transact with many blockchains, and it will eventually be the control panel you use to interact with the digital world.

Using a wallet, there is no account. You hold the private keys to your cryptocurrency (bitcoin, ether, etc.) and you use cryptocurrencies or digital tokens to “pay as you go,” for the service using micropayments. The service may never know who you are. This is what the Brave browser will do. This is how people will pay for many services in the future. You can think of tokens as tradable API keys.

4.1 What is the Pillar Wallet?

There are many cryptocurrency wallets already. The Pillar wallet will be …

Multi-chain: able to see hundreds of kinds of tokens and coins.

Open source.

Not tied to any one browser.

Not tied to any one exchange — you can choose your exchange.

Easy for software companies to incorporate into their systems.

Both on desktop and mobile.

Stand-alone and OEM.

Ready for further integrations that will allow the personal data locker to emerge.

The wallet comes in two basic versions:

An account-based wallet that lets the user see his/her coins and tokens. This would be similar to what CoinBase recently provided to Fidelity. We wouldn’t offer this wallet directly but through OEM companies who want this wallet for compatibility with their account-based systems.

that lets the user see his/her coins and tokens. This would be similar to what CoinBase recently provided to Fidelity. We wouldn’t offer this wallet directly but through OEM companies who want this wallet for compatibility with their account-based systems. An atomic version that gives the user full control of her assets. This is similar to the Lykke wallet today but independent of any exchange.

The Pillar wallet is not an exchange. Token, which has a built-in exchange, is an excellent example of how wallets, exchanges, and browsers are converging. The Jaxx wallet, which has already integrated many blockchains, and the Lykke wallet, have many assets, but they won’t focus on our personal-assistant functionality.

We expect to partner with several exchanges. In fact, we want Pillar users to put their buy/sell orders into our API and let exchanges compete for their business. This solves the liquidity problem: any order can now be filled from any exchange that participates in the network. We’re getting rid of accounts, and that opens all orders up to all exchanges. (Note: KYC and other requirements will be built into your browser and will be managed with tokens and information exchange.) The Pillar token is a meta-token, and the Pillar exchange is a meta-exchange.

The Pillar wallet isn’t a browser. A browser is based on search and push, like the web is today. Even Siri mostly brings you search results in a browser. We believe browsing will eventually become asking and requesting, and the information will come to you.

As the Pillar ecosystem emerges, these things will converge, and we’ll provide services to many other platforms …

The internet of smart contracts is an internet of offers. Our wallet will find and interact with smart contracts. We will help industries reformat their data so our wallet can see it (the pillar token provides the incentive).

We believe the wallet will be the center of your world. Everything will tie into the wallet, and we’ll use fewer and fewer apps. Eventually, we’ll stop calling it a wallet and call it the Pillar personal data locker.

4.2 Integrations

In the next phase, we will create and/or partner with other companies to provide …

Multi-exchange support is important, because many of the use cases for the system require an exchange. We plan to partner with one or more exchanges that will plug into our open-source system. As our network grows, we will create more competition and tighter spreads.

is important, because many of the use cases for the system require an exchange. We plan to partner with one or more exchanges that will plug into our open-source system. As our network grows, we will create more competition and tighter spreads. Smart contract aware is a new frontier of findability in the web of value. It’s possible today to invoke a smart contract and send it ether, but finding the smart contracts in the first place is getting to be more and more of a challenge. This “searching the web of value” will take some work, but we are inspired by the Userfeeds and ether ontology projects.

is a new frontier of findability in the web of value. It’s possible today to invoke a smart contract and send it ether, but finding the smart contracts in the first place is getting to be more and more of a challenge. This “searching the web of value” will take some work, but we are inspired by the Userfeeds and ether ontology projects. A fiat exchange that interfaces to the banking system requires licenses. We will look for partners who want to provide these exchange services to our platform.

that interfaces to the banking system requires licenses. We will look for partners who want to provide these exchange services to our platform. Portfolio and wealth management will integrate your coin- and token-based holdings, give you investing and risk-management tools, investment advice, and secure your assets while making sure you have the petty cash to spend as you like.

will integrate your coin- and token-based holdings, give you investing and risk-management tools, investment advice, and secure your assets while making sure you have the petty cash to spend as you like. Shopping services that work with ecommerce sites accepting cryptocurrencies, will be integrated.

that work with ecommerce sites accepting cryptocurrencies, will be integrated. Identity services will be provided by several different standards. We plan to integrate all of them, so people can easily plug into the system and bring their identity with them. People will likely use more than one identity system, so they can have different personas in the personal data locker.

will be provided by several different standards. We plan to integrate all of them, so people can easily plug into the system and bring their identity with them. People will likely use more than one identity system, so they can have different personas in the personal data locker. Messaging and social sharing are already being done by several groups, most of them are open source. We will integrate one or more of these.

are already being done by several groups, most of them are open source. We will integrate one or more of these. Job matching — we expect to offer a revolutionary new job and freelance matching engine.

— we expect to offer a revolutionary new job and freelance matching engine. Search — find offers on the web of value, compare them, research, etc.

— find offers on the web of value, compare them, research, etc. People search — find others and connect your various social graphs.

— find others and connect your various social graphs. Calendars and scheduling services that interact with today’s most popular calendars. Ties into various professional schedulers.

that interact with today’s most popular calendars. Ties into various professional schedulers. Smart contract control center shows all your obligations, escrow, assets, and is tied to your calendar, balance sheet, and other parts to give you a complete smart-contract management system.

All our wallets and extensions will be open-source. Many apps will be free or open-source, and many apps will have subscription or pay-as-you-go models. In all cases, you own and control your own assets — no one else has access to them. Open source is the only way to do this — our token (described later) provides the business model to make the Pillar ecosystem come to life.

4.3 Personal Data Locker Services

Once the basic extensions are in place, we can start creating vertical solutions. Here is a sample of the services we expect, many of which are described in Pull:

Keys and permissions for entering

Peer-to-Peer lending

Wealth management

Asset management

Classified ads, auctions, and barter exchange

Peer-to-peer currency exchange

Finding contract work

Finding employment

Finding an apartment to buy or rent

Digital birth certificate ecosystem for products

These aren’t what you may be thinking. On your phone or desktop today, these are separate apps. They barely talk with each other. The personal data locker is a world of pull, where you say what you’re looking for, and the offers and information come to you. You can have long-standing requests that match when the appropriate find is made, or short-term requests that immediately result in a number of offers to choose from. We will focus on bringing in content and offers. We don’t think of it as a browser, we think of it as a personal data locker as described in Pull. Everything is on your terms — no apps, no web sites, no ads (unless you want ads).

4.4 Stack

As the wallet grows into the personal data locker, it will have more and more layers of standards, services, and features. For example, you may have different personas that you can use in different modes and maintain privacy. You may integrate many features with other members of your family or work. Our stack isn’t completely fleshed out yet, but here is a general idea …

4.5 White-Label Wallets

We will provide our wallet to many companies’ software systems, either to add cryptocurrencies to their current capabilities, or to help them transition to atomic ownership of assets. We will provide a white-label wallet any company can put their own logo on or integrate into their own system. We will focus on the extra services you get with our wallet that you don’t get with other wallets. We hope this will entice many software companies to use our wallet and get their clients using Pillar tokens.

4.6 Transition to Atomic Ownership

For a long time, we will support both account-based and atomic-based wallets. The look and feel should be almost the same. As more and more people are comfortable transitioning to the atomic wallet, the customer experience will be easy. Rather than logging into a centralized service, you’ll establish your password and make sure it’s backed up or shared with people you trust. From there on, your assets will be fully under your control.

We expect atomic ownership will be attractive to our OEM and white-label customers, both because it will be better for customers and because regulators will push them along this path.

The wallet is the new operating system — a few people have figured this out already, but it’s still early days in the race. The wallet is everything — in ten years our wallets will become digital assistants, powered by voice, gesture, data, and artificial intelligence. The wallet is the new platform that will power phones, cars, glasses, tablets, interactive displays, and more. Wear your wallet on your finger or wrist and get instant access to everything. This space is going to innovate quickly, and we plan to be part of it. The Pillar wallet may be just the right thing at the right time.

4.7 Private Key and Password Management

If you own your own data, you are responsible for safeguarding it. There are many ways we will help consumers do this. There are also plenty of hardware solutions. Eventually, we’ll use rings, watches, bracelets, even chip implants to verify who we are. We plan to give consumers many options.