From banking to texting the average person spends more than 10 hours online every day
Most of the security breach happen due to the human weakness. A password may be too easy to guess, as studies show that 10,000 of the most common passwords, such as 123456 or qwerty, can access 98% of all accounts.
What is the solution for the data security?
Here comes the role of Block chain technology
Essentia is the one of the leading block chain technology modular framework It provides a complete set of solutions to users, decentralized service providers and their technologies
essentia is the decentralized data management framework. Forged by a set of protocols. Forming Essences. Inside them, users own their data, identity and communications, enabling new powerful interactions.
Blockchain Can Make Passwords Obsolete
How it works:
The user’s data can be encrypted and maintained on decentralized storage, removing any concerns regarding the persistence and content of the user’s data. Users’ encrypted data is not publicly connected with their IDs. Data can only be cryptographically accessed and used by its owner and by whom the owner decides to give access and partial or full control to.
Block chain technology gives the complete protection of the user personal data with decentralized set.
These are the projects which they are already integrated with essentia one.
Essentia one has two main components
Essences and Synergies
Essences:
Entities own their data, interlinking them across multiple services. They can be of individuals, companies, groups or organizations, effectively creating decentralized internet users, making interoperability between them also possible by sub IDs, permissions and self-triggering, information related, smart contracts.
Synergies:
Synergies are the connective tissue of operations. They link different platforms, resources and modules together for them to be able to interoperate.
Features of essentia one
Modular
The Essentia framework expands to fit your growing decentralized life. Add d Apps, platforms, and wallets at the push of a button.
Scalable
High throughput allows Essentia to support millions of users simultaneously.
Full Data Ownership
Your data. Your property. Take the power back and regain control of your digital identity and freedom.
KYC and GDPR by default
Conform to enhanced verification procedures safely without risking your data or privacy. Both for companies and users.
GDPR: It’s a government regulation that provides personal data protection to users, it was first adopted by European union
KYC: process of identifying and verifying your customer
All in One Seed
One secure seed. Countless applications. Essentia is the key that unlocks your decentralized web experience.
Multi-Chain. Multi-device
Essentia supports different blockchains including Bitcoin, Ethereum and many more. It can work on any device, IOT or CLI.
Plat forms:
Jarvis: Just A Rather Very Intelligent System
It’s an artificial intelligence developed by Tony Stark, it has access to an unlimited amount of resources and it can control and use of user needs.
Reputation:
Insurance companies, financial services and banks can verify the trustworthiness of a client through the reputation of their ESS-ID (Extended Service Set Identification) without relying on any intermediary.
Team:
Matteo Gianpietro Zago: Project lead
He is one of the finest advisor in blockchain-related startups. he’s the creator of the most commented item in the Web 2.0 history, author of the Facebook Bible and the Twitter Marketing Guide, both bestselling books on Amazon.
Mirco Mongiardino: Product lead
Mirco is a web entrepreneur with strong experience in building tech products for data analysis, data driven marketing and media acquisition
Vladimir Holubovych: Operations Lead
He invested in several startups, aided by his extensive experience of online marketing strateg
Next ICO: The sale will be in April exact date is yet to be announced.
Verdict
Essentia one has been evolved widely in securing the data and providing decentralized framework it’s a more advanced stage in the data management easily trustable and reliable. According to me It mainly focuses on the privacy of users, it offers a decentralized server to the users.
Lack of Market Penetration This project depends on attracting users and third parties providing services to Essentia One at a level sufficient to remain useful or viable. Any such lack of use or interest could negatively affect the development of Essentia One and therefore the value Essentia One and their token ESS.
Core technologies may not perform according to the user needs.
Regulatory Risks Because laws are not yet fully on track with blockchain technology, there is a risk that Essentia One needs to make substantial modifications to their token dynamics. It is not known if, when, or to what degree different jurisdictions will interpret existing laws and regulations or adopt new laws and regulations that could adversely affect them.
Keeping the advantages in mind, any interested user can try their beta app and go ahead with it.
Links:
Twitter: https://twitter.com/Essentia_one
Facebook: https://www.facebook.com/essentiaone
White paper: https://essentia.one/whitepaper_draft.pdf
Website: https://essentia.one
Telegram: https://t.me/essentia_one
Bitcoin talk: https://bitcointalk.org/index.php?topic=2704531.0