Born with similar characteristics, human beings develop many new characteristics as they move into another environment. But, the basic set of characteristics remains same, which helps human beings develop other characteristics. All these information are stored in mind and people do realise brain is powerful than a computer. The computer has a large memory and is quick to respond. But, is that data safe with companies? Well, not necessarily as many of the reports found out in recent times that, many data breaches have occurred in the top companies which is a cause of serious concern for people.
Internet advertising has become much more sophisticated with the use of high-quality data about their consumers. But, many companies are still letting data rot in silos, and this makes no sense when you realise the importance of data in the real world. The challenges with the data management have to be solved for the purpose of the transparent mechanism of data sharing in the world. Do you think a platform can be created in which people have control of their data? A platform where they can manage data on their own for the safety of their privacy.
**Solution offered**
ESSENTIA is creating a solution for efficient data management by decentralising the data of companies and individuals. Based on the blockchain technology, they have created containers where digital assets are stored. Providing interoperability of the digital lives on the internet, ESSENTIA is building a solution for total ownership of data. It is a framework built for people and corporations to decentralise data, which can effectively create a transparent solution for data management.
Developers can integrate the framework on any web applications to develop scalable solutions for efficient data management. Any user satisfying the KYC requirement can register on the platform and securely store his data. A few of the top features of the platform are mentioned below.
- Decentralised data management across different devices
- Full ownership of your digital life and data
- Multiple Blockchain operations under one ecosystem
- Anonymous id and real-world compliant IDs
- ESSENTIA integrated modules and dApps
- Option of creating a fully private account where no one accesses your data
- Third party services and decentralised applications are easily created utilising the ecosystem of ESSENTIA
Digital decentralized identities are created on the platform which is used for the purpose of storage and verification of the various services offered by the platform. They have the Perfect set of tools to deal with the data in a decentralised manner. ESSENTIA can be used to create tools which are critical to the company, such as identity solutions, data management tools, data exchanges and CRM Tools etc.
**ICO INFORMATION AND TEAM**
ESS Tokens are created for the payment of the utilisation of services on the platform. 60% of total tokens are reserved for the ICO. One ETH is equal to 8000 ESS. The exact dates for the ICO are yet to be announced but they have been updating about the latest updates on their websites and blog. The team consists of engineers, entrepreneurs and innovators who are determined to create a unique and innovative decentralised data management application for everyone.
**CONCLUSION**
All these data about everything has to be stored somewhere. More important than storage is understanding, what do you gain by it? Is there a sense in data collection? As we speak we are creating data, a continuous flow of data occurs daily? Businesses have realised the importance of data in the world of decision making. They have found that the reliable and accurate data is the real asset which makes companies take better decisions. ESSENTIA is ready with its solution but the biggest question is are the people and corporations ready to accept decentralisation?
The traditional world is centralised which supports only a few who are able to manipulate the entire system even if they declare they do not wish to. Google and Facebook have everything about us and decentralised data management is the only solution. dApps will be the next big thing in the world. Creation and implementation of the eLogin, storage and digital wallet on the platform are a few of the recent developments on the platform.
They have partnered with multi crypto exchange flyp.me to offer better convenience and transparent services to the consumers. I think that people will benefit from the platform as they will have better opportunity and right set of tools to secure their data, and effectively utilise their data as they wish to do so.
**Important links:**
**Website** : [https://essentia.one/](https://essentia.one/)
**Whitepaper:** [**https://essentia.one/whitepaper.pdf**](https://essentia.one/whitepaper.pdf)
**Btalk ANN:** [**https://bitcointalk.org/index.php?topic=2704531.0**](https://bitcointalk.org/index.php?topic=2704531.0)
**Telegram:** [**https://t.me/essentia\_one**](https://t.me/essentia_one)
**Authored By:** Etheran
**Btalk profile:** [**https://bitcointalk.org/index.php?action=profile;u=1027561**](https://bitcointalk.org/index.php?action=profile;u=1027561)
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