You must agree that the best technology must guarantees users’ privacy, security and personal data usage. Ironically, the current technology and its platforms are violating those conditions by using an insecure data management.
The existing solution lacks of user-friendly secure tools, for example, the users’ data are stored and managed in a centralized database. Believe it or not, the centralized system brings more harm than good.
Problems Found
The current violation of users’ privacy and security is caused by the centralized system. Once the data is stored in a database, the users no longer have control over the data. Even worse, they do not know what will happen to the data or how their data will be used.
The personal data mentioned here including users’ habits and very sensitive information such as address, social relations, financial details etc. Such information always be the main target for the service providers or identity theft. The worst is if the data being hacked by a hacker and then being used for impersonating the users.
It seems like there is no other choice. If the users want to use the services, then they have to give the information required to the platforms. But actually, there is a solution called Essentia, which will bring the control over the data back to its user's fingertips.
Essentia as the Solution
Instead of being so powerless to protect and control their personal data, the users of Essentia will own their own data. It is possible since Essentia uses a blockchain-based decentralized data management framework. With the Essentia framework, the users’ data will not be managed by a third party.
Essentia Framework
Essentia consists of two components called synergies and essences. In essence, users ( individual, companies or organizations) are able to interlink their data across multiple services. Then, the synergies will link different platforms, resources and modules, then enable them to interoperate.
Take note that Essentia will allow anyone around the world to interact and get benefit from the decentralized technology. The infrastructure of Essentia is designed to suit custom, personal setup, automated and IoT frameworks etc. This way, the technology developers will be able to build their service on top of the components and gain more profits from the users. And the users will get the best service with their privacy and data are securely protected.
ESS Token Overview
ESS is an ERC20 token which will be used within the Essentia ecosystem. The token holders will be able to use ESS tokens to get the following services: masternodes with resource allocation, anti-spam/anti-abuse/security, compensation for internal and external services or resources, generic exchange, distributed governance, reputation and incentivization. You could read the token utility document at https://essentia.one/Token_Utility_draft.pdf.
Before you take any action toward the ICO of ESS tokens, make sure that you have enough information about Essentia and its project. In addition, you are highly recommended to visit and read other important documents such as its whitepaper at https://essentia.one/whitepaper_draft.pdf. or its roadmap at https://essentia.one/Roadmap_draft.pdf.
Links:
Website
Whitepaper
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Author:
Ashadiya_
ETH Address: 0xf6C481e9bf059DB0a38b876Ab893D11e31C338E3