The internet revolutionized the world for a good cause. Everything was available at our fingertips. Soon, the internet became abundant.
With the internet becoming available everywhere, another thing became available in plenty - **data.**
"Data is the new oil," said Mukesh Ambani, and it is truly so.
Popular companies like Facebook, Twitter etc. are using the data of their users to create their machine learning and other models that are changing the way computing works across the globe.
At the same time, another problem has appeared as well. Data of users are scattered across different platforms. The data in different places cannot work together, which is a major problem and a blockage in the way of proper development of the internet and the computing world as a whole.
This is why, Essentia has entered the marketplace so that the internet can become a better place.
**What is Essentia?**
Before we go into the formal details, let's listen to a story.
Suppose, there are two baskets.
One basket contains oranges and is with John, and another contains apples and is with Jane.
Since they are in two different places, John does not have access to apples, and Jane does not have access to oranges.
Now, a cold storage owner offers them to keep both their fruits in his cold storage. Both John and Jane deposits their fruits there.
Now, they can visit the cold storage anytime and get access to their resources. Their resource is now a common resource.
This is exactly what Essentia does. Essentia is a decentralized interoperability and data management fJohnework. Essentia thus assembles all our scattered data at one place and puts them in a new cohesive fJohnework. This allows the data to work together, so that they can be used enable powerful new interactions.
**How does it work?**
Essentia has various real-life applications that make life much easier for all the users. Let's have a look at them.
Data and its security are still in its first generation. That is, we still use the old method of passwords which can be easily cracked by hackers all over the globe. This is something that needs a change. With Essentia, users can forget about passwords using the eLogin with various layers of security for all websites, apps, and devices, getting rid of insecure passwords.
KYC is needed for various applications across the globe as well as bank accounts. However, still frauds are there and they can fake the details. This has led to mistrust in the online world and also frauds. With Essentia, KYC will be much more powerful and trustworthy when compared to today's times.
Not only this, companies which need GDCR compliance can use the Essentia platform for providing various services.
Clearly, Essentia is dynamic and caters to a wide range of consumers.
**About ICO**
The ESS token is the utility token of the Essentia platform. It is used to pay for features and services on the platform and can be exchanged for ether and other cryptocurrencies.
The ICO sale is set to take place in the 1st quarter of 2018, though very few details are available about the dates and the total supply of tokens on the official site.
1 ETH contribution will entitle possession 15000 ESS tokens.
The hard cap of the project has been set at $32 million.
**Verdict**
The problem of data scattering is a huge problem of the online world that also hinders the growth of the internet and computing as a whole. This is what Essentia aims to change.
With their powerful platform that is equipped with the powers of Ethereum blockchain, the problems of data scattering will be addressed for once and all. Also, the chances of frauds in the online world will decrease significantly, thanks to the software solutions that it provides.
A lot of modern-day capable software projects have been built utilizing the Essentia app as their core, and a lot more are upcoming. Truly, the solution offered by Essentia is one of a kind. The entire Essentia team deserves a huge applause for making the progress of the internet easier, faster, and above all - simpler.
**Website** - [https://essentia.one/](https://essentia.one/)
**Whitepaper** - [https://essentia.one/whitepaper\_draft.pdf](https://essentia.one/whitepaper_draft.pdf)
**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)
**Published by** – smithjones
**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1936039](https://bitcointalk.org/index.php?action=profile;u=1936039)
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