Essentia - Decentralizing the power of data
Good day every one , I bring to you another interesting project called Essentia.
What is Essentia?
Essentia is a modular framework that is bootstrapped from a Seed by deriving its extended keys in a hierarchical deterministic way and by associating to them their related “data” that are available encrypted on decentralized storage or on local copies/backups.
Problems in the real world.
Major problem in the real world is that Data and platforms are scattered all around.Different pieces of the new Internet are born as building blocks, but there’s no way for them to work together.Even interoperating new technologies with old centralised resources can prove useful in making the paradigm shift from Web 2 to Web 3 happen.Now we own our data, we can prove that we own what we have and have created it on different platforms, but how do we put it together into a whole new cohesive framework, effectively replacing old models and enabling new powerful interactions?
How does essentia solve this problem?
Essentia is a modular decentralised interoperability and data management framework.Although it may sound complicated, it’s composed of two main components: Essences and Synergies.In Essences, entities own their data, interlinking them across multiple services. They can be of individuals, companies, groups or organisations, effectively creating decentralised internet users, making interoperability between them also possible by subIDs, permissions and self-triggering, information related, smart contracts.Synergies are the connective tissue of operations. They link different platforms, resources and modules together for them to be able to interoperate.Developers can build on top of them and users can pay for leaner, more powerful and efficient applications on the Essentia framework that run across all the best technologies around the globe, opposed to a single one.
Features
- Modular: The Essentia framework expands to fit your growing decentralized life. Add dApps, platforms, and wallets at the push of a button.
- Scalable: High throughput allows Essentia to support millions of users simultaneously.
- Full Data Ownership: Your data. Your property. Take the power back and regain control of your digital identity and freedom.
- Multi-Chain. Multi-device : Essentia supports different blockchains including Bitcoin, Ethereum and many more. It can work on any device, IOT or CLI.
- All In One Seed : One secure seed. Countless applications. Essentia is the key that unlocks your decentralized web experience.
- KYC and GDPR by default: Conform to enhanced verification procedures safely without risking your data or privacy. Both for companies and users.
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Try Essentia. A seed is all you need to get started.
My bitcointalk profile : bacrypto 15
Wallet address: 0x11Bc482Ef059AFFAEa099FC909BcdC5b021E0393