How much time do we spend on the Internet? A modern people dedicates "surfing" in the network at least 2-3 hours a day. Network coverage is now everywhere. You walk down the street and watch hundreds of eyes looking into their smartphones. And what are they constantly looking for? The possibilities of the Internet and smart gadgets are endless: we make online purchases, pay bills for the apartment, build routes to unknown objects and, of course, we communicate in social networks. Unfortunately nowadays doesn't exist the provider who can promise the 100% of secure connection.

It rather often happens while paying for purchase we enter your card details, personal information about yourself, and no one can guarantee us that all data will be deleted after payment. Unfair people steal your information, create databases and then sell them to interested companies. And it's good if this information falls into the hands of those who just want to increase the base of their customers and, most of all, what they do - they start calling to everyone by the numbers they received or "spamming" on the mail.

What could be worse?

The worst case scenario may be getting information about you, screenshots of your rights, passports in the hands of scammers who use this information against yourself. In a few years, the tax service will come to you and seize the property, because a couple of years ago, you became the owner of the firm and deceived more than a dozen people. In this case, it is very difficult to prove your innocence, because all the documents are alive. In the network blockchain, there is a process that is familiar for people who invested in projects and sold on exchanges - this is KYC. And with the growing trend of fraudulent ICO projects, which first collect money, ask users to pass KYC and disappear on the Internet along with your confidential information. I often hear from people who are interested in crypto-currency about how they are afraid to post such information about themselves, it pushes them away from projects. I've heard that swindlers sell information in the so-called "DarkNet", where under your name could be the person whose activities should be punished by law.

In recent months, a wave of password theft has begun, to open crypto-currency wallets. Do this with phishing sites, in the absence of a secure connection. A person without paying attention that he is on a mirror site, enters his data and after a while all of his savings goes to thieves. So it was always: breaking passwords from various social networks is a constant practice.

Why does someone make money on our data?

It's time to change it. Everyone must manage his personal information and make a decision about who can get it and how much. To do this, the Essentia project team offers us a decentralized ecosystem, on which databases with the ability to manage and control will be formed.

How can I monetize my data?

And then the team offers users to fully control their personal database. You can decide own what can be sold and get paid for it, but what should remain confidential. The architecture of the ecosystem is built in case that everyone has constant access to all applications and devices in their use, you no longer need to remember all your access to social networks or electronic purses.

Will Essentia provide us with the necessary level of security?

The answer is clear - YES. To become a member of the platform, the client needs to pass KYC, this will prevent the possibility of theft of your access and information about you. Also with the help of blockchain there is an opportunity to permanently delete personal data.

Who will become users of this platform?

• Individuals

They can safely store information about themselves, make decisions about selling it without interference from third parties. The platform will implement a cold wallet, where users can store their assets.

• Financial institutions (eg banks)

With the help of the ESS-ID reputation system, they will be able to obtain data on the reliability of a particular
customer

In order to conduct transactions within the platform, it is necessary to purchase the domestic ESS currency, which will become the main liquid asset. Having this currency on purses, you will be able to get certain accesses to individual ecosystem modules and earn a commission percentage for long-term storage.

Personal data is a fairly painful topic for many, so the Essentia team has a good chance to become a popular project among users. Now an important stage for them is to popularize the ecosystem and attract as many participants and services as possible for decentralization.

LETS WISH SUCCESS TO THE TEAM OF DEVELOPERS.

More information about this project you can find on the official sources :

Website
Whitepaper
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Author: zokilnmet