Essentia: All-in-one solution for matchless safety and convenience

We live in the era of endless opportunities and endless technological advances: there’s a myriad of applications and websites we exploit on a daily basis to communicate, make purchases and transactions, entertain, search for information, and so on. The abundance of resources takes its toll: our sensitive information gets vulnerable, and it’s hard to keep personal assets under control.

When blockchain comes into play

When the blockchain technology loomed on the horizon, new companies and projects started popping all around implementing the distributed ledger as the foundation layer. Thanks to the blockchain, we can enjoy a new level of decentralization, and use a safer ecosystem. Blockchain allows for:

distribution of data over multiple nodes, which means no one can tamper the information;
fast and secure transactions without the need of middlemen;
limitless communication and rock-solid encryption of the data passed.

However, this technology isn’t ideal, and blockchain at its current stage faces the security challenge. The projects need services to protect user data, IDs, and overall privacy. With the introduction of such solutions, we can make blockchain-based interaction smoother while retaining control over personal assets.

Ask yourself: “Am I in safe hands”?

The Internet gives us easy access to almost any information we need – but our privacy is the price we have to pay. Did you know that the vast majority of messengers and websites we use daily can actually disclose our personal information to governments and third parties? Even if you have nothing to hide, you can always become the next target of hackers and cybercriminals who find new ways of database cracking.

Having your information compromised can cost you money, work, business, or just the rest of your soul.

Essentia – a revolutionary blockchain framework?

An average Internet user exploits at least tens of online services, both mobile and desktop: undergoing authentication and keeping control over your assets in each of them is hard. But not with Essentia. This is a decentralized framework that was designed to:

Serve as a unified environment to interact with numerous applications and services and provide the user with a simple and fast access to them.
Integrate KYC (know your customer) and GDPR to help businesses reduce authentication expenses and increase financial security.
Control the settings of loaded DApps with a couple of clicks.
Manage IDs and accounts in a single ecosystem.

How does it work?

Say, you have several applications and services (bank accounts, messengers, news platforms, virtual wallets) that you exploit on a regular basis. You have to type in your login and password, wait for the unique code from SMS, and spend your time reading Captcha. With Essentia, you verify your personality once and may integrate any DApps to have faster access in a couple of clicks. Moreover, now you decide whether you want to share your personal data with some platforms or not – all of that can be specified in settings. You don’t have to search for them on the original websites and apps.

What if you own a business connected with online transactions? Users need to know they can trust you, and you need to know that these are real people making purchases. Besides, there are AML and CTF compliances to be faced. What Essentia does is leverages personality verification services and KYC practices for you. No need to spend boatloads of money and time integrating all of that yourself!

Therefore, Essentia can be exploited by individual users, businesses and machines to perform flawless interaction and ensure 100% safety of data.

Advantages of Essentia

“But doesn’t Essentia serve as a third party between me and services? Why would I use it?” – you’d ask. Actually, Essentia can save your time and personal data by uniting everything in one place. Aside from that, project use is worth consideration due to:

Trustless interaction. All your information is encoded and stored encrypted on a decentralized system. All processes are transparent, and users can control what takes place on their level.
Full ownership of personal assets, wallets, IDs, accounts, and data. Only a user can sign, verify and decrypt operations.
100% availability. Thanks to a decentralized approach, data cannot be faked, deleted or lost.
Essentia is a multi-chain and multi-protocol platform. It can work with several blockchains and different protocols.

Conclusion

Although the creators claim that the idea of Essentia is revolutionary, there are start-ups alike. However, Essentia has a far more powerful technological foundation – it can be integrated with almost any blockchain-based project and supports a huge amount of software solutions. Essentia can make your life easier, and your personal data – safer.

Web * Whitepaper * Telegram * Twitter * Facebook * Blog * [ANN]Ambassador Program

Author: https://bitcointalk.org/index.php?action=profile;u=993461