It's Time To Think Of A Decentralized Desktop For Storing Your Login Credentials

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• Bank accounts
• Credit cards
• Insurance (Auto/Health/Property)
• Utility bills (Electricity/Water)
• Groceries
• Booking tickets(Flight/Hotel/Movie /Concert)
• Investments (Stocks / Mutual funds / Shares )
• Social media networks (Facebook, Twitter, Instagram and more)
• Playing games

The above list is nothing but some of the common online services that are used by the majority of the internet users on a regular or monthly/daily basis. And, you cannot login to these services without a username or password. Right? Now, make a rough calculation of how many login credentials that you need to remember. Even though you have the option of using same credentials for similar services (Facebook/Twitter), still, you will need to memorize least 10 sets.

To make the job simple, you can use the same password to access any type of service online. But, will that be safe? These days, most of the online businesses expect you to sign in with your Google or Facebook account to make the purchase. You may think that is easier as you don’t need to create a new account. But, the moment you log in to the store using your Facebook account, they can view your public profile, friends, posts, etc. It is like giving the key to your house to a stranger.

Unless you have a great memory power, it will be extremely difficult to remember a unique username & password combination to access every online account. Let’s assume that you have 5 different bank accounts & 4 credit cards. Now, you need to remember 9 different passwords only to access your financial information. You cannot store the credentials on your mobile phone or computer as it is risky if someone hacks your devices.

Recently, a security breach of the #1 health app named MyFitnessApp has dangerously exposed the login credentials of more than 150 million people. So, you cannot trust the service providers anymore to maintain the privacy and integrity of your data. Only you can take control of your data and make sure that no one can access your information without your consent. Thanks to the GPDR law, now the consumers have the full right to protect their data from the marketing companies who are trying to monetize their valuable personal data.

How will you protect your IDs, passwords, etc.? Why not we use the highly secured blockchain technology for the same? That’s exactly the objective behind the development of the Essentia platform. Essentia provides a complete framework for protecting any kind of data like IDs, passwords, digital assets, etc.

Simply, it performs the function of a decentralized operating system. So, the users can log in to any third party service from the Essentia platform without revealing the original credentials or any personal information. Also, they have complete control over what kind of data is shared with the third-party service. So, no one can utilize your personal data anymore.

Essentia uses the concept of Seed to manage multiple credentials. Using one seed, you can create multiple IDs and sub IDs which can be anonymous, pseudonymous or related to your existing IDs. For example, you can group all your bank accounts under one ID and use that to manage all your accounts. Essentia is not available for free of cost, and you need ESS tokens to access the third party services from that. ESS token is the primary payment option of the Essentia platform. It is based on the Ethereum standard ERC20. To know more information about Essentia, check out Telegram, ANN, Bounty Thread to learn more information about it.