Essentia / Features and Use Cases
Essentia is the decentralized, blockchain based system that allows users to take control of their device’s ownerships, identities and data rights. This allows them to also control their data possessions and personal communications.
Essentia has been an underground job in Amsterdam created by two early on Bitcoin adopters called Matteo Gianpietro Zago and Mirco Mongiardino. It works on any system. You can get access to it via browser, desktop app, mobile app, or control line interface
Through Essentia, a decentralized data management framework has been created which employs new and cunning ways to manage data. Essentia creates a new way to interact with the web and allows ownership and control of data.
This is a data ownership framework is easy to integrate into any device or application, website or block chain and can act as a standard for how the decentralized internet is accessed.
Features
Modularity and scalability to Full data ownership
Since this data management framework has the ability to expand into the ever growing decentralized environment, adding dApps, platforms, wallets and more is just a push of a button away. This not only allows it to be accessible, but also convenient.
With such technology in place, Essential allows the support of millions of users simultaneously, through the block chain environment.
Through such a platform, users can take power back into their own hands and control their data with their wish and will; allowing digital integrity and freedom.
Integration
Local integration has been validated with Ethereum, Bitcoin, IOTA, Position.im, EtherDelta, IPFS, Swarm, Storj, Flyp.me and Aragon. With a lot more partnerships to be declared within the returning weeks.
Storage
Essentia has included powerful decentralized safe-keeping systems to the platform. The big brands such as Swarm, Ipfs, Storj, provide usage of the new backbone of digital storage space where data is encrypted, consistent and censorship-resistant.
Masternodes
10% of the total supply will be mined with Proof-of-Stake algorithm and be rewarded to the corresponding masternode. 100,000 tokens will be required to run a masternode.
Use case for end users
Users can use the eLogin to integrate their logins to multiple websites and dApps without the use of individual insecure passwords. All of your dApps and website logins are available at a single place without worrying about going through multiple logins and keeping multiple access passes.
Essentia’s KYC compliance services seamlessly accepts new clients and allows them to securely store their data without the use of any centralized storage mechanism.
Use case for companies
Companies that require GDPR (General Data Protection Regulation) compliance solutions can use Essentia for the solution. Users can essentially request for the removal of data; since Essentia is working on block chain, any action taken can and will be publically verifiable because of the onchain transaction.
Insurance companies, financial services and banks can trigger asset seizures in case the user cannot meet the requirements; this is important since it removes the requirement of intermediaries and the process can be quick and relatively cleaner.
For more information about Essentia, please visit the following:
Website: https://essentia.one/
Whitepaper: https://essentia.one/whitepaper
Twitter: https://twitter.com/Essentia_one