Essentia - manage your data for the full 100% !

in #cryptocurrency6 years ago (edited)

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Many people don't understand the value of their web data. We are talking about digital multimedia, GPS history, social networks activity, online shopping. Large corporations, unlike most people, understand the value of such information. While we browse the internet, every action we take, whether it is ordering a specific pizza at home or booking a home in Thailand , is recorded and stored in the database. Then this information is being provided to the interested companies and it gives them a huge advantage to attract new customers and increase sales. This allows them to stay always in the TOP list. We have got "valuable" assets - our data, but today we give them for free. It's time to change that.

A fresh solution from Essentia.

Essentia is an innovative modular, decentralized platform for interaction and database management.

Essentia will allow not only to control your data, but also to be capable to dispose of them - to sell or hide. In addition, the system involves interaction between various devices and decentralized apps. This means that you will have control and uninterrupted access to your social networks, d'applications and wallets.

  1. Essentia eliminates the need to write down and remember passwords. In a decentralized ecosystem you will have instant access to all services.
  2. Essentia allows you to choose the privacy level of your user profiles. All information previously collected and used without your knowledge will now be completely under your control and visible only to you. If you wish, you will be able to sell it.
  3. Essentia provides an opportunity to store all your cryptocurrency assets on a cold wallet. Now all in one place - no need to move from purse to purse.

For all these actions you will only need your Seed.

Examples of platform use and token economy.

  • Platform users can safely store their data once they have completed the KYC procedure.No need to use untrusted passwords.

  • Companies requiring regulated personal data protection (GDPR) will be able to securely delete data using Essentia. This procedure is confirmed publicly using evidence on chain-transactions.

  • Banks, financial and insurance companies can check the reliability of clients through ESS-ID's reputation system without intermediaries.

ESS token serve as the main platform fuel . They perform a variety of functions within the platform: anti-spam, provide access to specific modules of the platform and are used to pay for internal and third-party resources of the platform, as well as to reward users for network support. A certain amount of ESS tokens received as commissions will be periodically distributed among token holders. After the end of ICO additional emission is not provided.

In summary

Essentia is an ambitious project with great opportunities. To get acquainted more detailed it's necessary to study their Whitepaper. Essentia will transfer power over data from corporations to users, allowing them to earn. The more apps and services will be connected to the platform , the more democratic,secure and exciting will be the user's browsing experience. On their website i see already 12 projects integrated into ecosystem and i believe this is just the beginning!

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In my opinion, the project looks worthy for investment, but everyone should decide individually. If you still have questions after reading the Whitepaper, you can ask them in the Telegram.

Thank you for your attention!

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I have read many articles about this project, but yours - the best) Thank's!

This post has been shown by @tenorbalonzo to 7900+ followers

I'm following the project, I'm thinking of investing in it.

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This post is resteemed and upvoted by @bestboom

So many robust features for storage and monetization of their personal data! I will use definitely

With such partners the project will shoot

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