Have you ever thought about how reliably and how confidential your private information is? Once you upload your personal data to the network, it takes a lot of effort to remove them from the Internet. In addition, some companies can use them and make a huge profit on their basis, and you don’t get even a penny. And this isn’t the worst version of events. When hackers get your personal data, most likely it will negatively affect you or your assets. In short, now the Internet can’t provide a reliable way to store and protect data. But times are changing right now.
Essences is a new platform that aims to solve the above problems. The system is built on a blockchain, and it will allow you to store all your data decentralized. In addition, thanks to the chain of blocks that can’t be changed, your information will be unchanged, and therefore reliably protected.
Your personal data will be stored in special containers - Essences. Access to the storage can only be obtained by its owner, via the eLogin, instead of the obsolete login and password. Also, only the owner will be able to open access to his data to third parties using a personal ESS-ID. - Essences isn’t only a platform; it's a framework that allows you to integrate many different apps into its system. It means the platform will be able to adapt and increase the number of partners and the functions of use.
Let us move directly to the advantages. The platform is modular, which will allow it to accommodate many different dApps. Each user can personally and easily add a new wallet or another platform. It is scalable and can serve many users simultaneously. Only you are the owner of your data, and only you have the rights to dispose of them. The information is securely encrypted, however, you can delete it at any time. The platform is blockchain based, its advantages we mentioned above. The system will meet the requirements of the GDPR and KYC, without jeopardizing your data.
The "fuel" of the platform is its ESS token, based on the ERC20. It will be used not only as a means of payment for miners, but also as a pay for special platform functions and, possibly, expanding available storage space. Tokens will be on sale on many exchanges, but the first opportunity to buy them, you will receive during IСO. There isn’t an exact date, but the purchase rate will be 1ETC = 15000ESS. 46% of all tokens will be sent to the crowdsale.
As for the Essentia.one team, all of its members are quite experienced guys. The head of the project is Matteo Gianpietro Zago, the head of the product is Mirco Mongiardino, the head of operations is Vladimir Holubovych. They have a good list of achievements, about which you can read more detail on the project site, as well as about the rest of the team and advisers.
The Essentia.one platform will give the Internet one of the most missing elements - data security. The rest of this year will be spent on the final preparation of the project, and 2019 will be the year of the launch. You can access your storage from anywhere in the world and conveniently configure it for your needs. Frankly speaking, the platform gives hope that now your personal information will only belong to you, and it's really cool.
Project links
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Authored by: Malabarka