Essentia — Revolutionary Data Management Platform on Blockchain
Data of your digital lives:
What if you are producing something unlimitedly and providing it for free continuously. That’s exactly what all of us do every day. We generate data which is collected by brands everywhere. This is the type of information that sells for huge cash. The value of the data cannot be defined in certain figure. The data packs immeasurable value. It can provide huge impact to their marketing campaign. The data collected digitally plays a role in the trillion dollar retail industry. It is the gas of the algorithms native to most marketing campaign. You are providing this data absolutely free of cost.
Essentia Project:
Essentia thinks there are better ways. It allows for each and every one to take control of their data. You can take control all the time. You can decide what’s to be done with the collected data. This is the missing part of the jigsaw and Essentia will fill in on that. It presents the framework for decentralized data management. It creates decentralized containers of data and assets of your digital lives. These containers are called Essences. In these Essences, people own their data, communications and identity. The data comes from individuals, companies and devices. Intermediaries and dApps access the data streams and developers use it to build on top of the Essentia framework. It is used to create identity solutions, exchanges, CRMs, data management apps and more. Your data is used in the most advanced way possible and you have a say in how it’s used.
Long list of features:
1) The modular platform expands to accommodate growing decentralized setups.
2) It’s scalable, thanks largely to its high throughput that supports millions of users.
3) Thanks to full data ownership, you regain control of your digital identity.
4) Multi-chain, multi-device solution that supports Blockchain, Ethereum and more.
5) All in one seed allows for unlimited number of applications.
6) It supports KYC and GDPR by default.
Use cases:
1) For individuals, Essentia will facilitate KYC registrations. Thus accepting new clients is fast, simple and secure.
2) Companies can turn Essentia if they require GDPR compliance solutions. Users can demand removal of data anytime, anywhere.
3) Platforms built on Essentia will enjoy high reputation in business. Insurance companies and banks can value clients based on their ESS- ID. There is absolutely no need to rely on an intermediary.
Token and ICO details:
ESS is an ERC20 token released on Ethereum blockchain. The crowdsale hard cap is set at $32 million. 60% of total token supply goes towards crowd sale. Each ETH bags you 8000 ESS tokens. ETH is the only accepted payment option and its price upon USD will be based on GDAX. No dates have been specified yet, at this time of writing. A whitelist is underway, where you can register for ICO event. The functions and utility of the token is discussed in brief in the website. At the moment, their blog seems to be the only official information board.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://essentia.one/
Whitepaper: https://essentia.one/whitepaper.pdf
Announcement Thread: https://bitcointalk.org/index.php?topic=2704531.0
Bounty Thread: https://bitcointalk.org/index.php?topic=2997600.0
Twitter: https://twitter.com/Essentia_one
Facebook: https://www.facebook.com/essentiaone/
Telegram: https://t.me/essentia_one
Blog: https://blog.essentia.one/
Kind Regards!