Essentia.one : The Next Generation Layer of Interoperability and Data

in #blockchain7 years ago (edited)

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In this era of technological innovations, it is often hard to keep track of things as they come and go and at the same time, we have to keep grading and keep moving as they come. Switches like this can make it hard to keep all of one’s data together because you have to move from using one system to another and it may be difficult to transfer all the data from the previous systems to the new one.

Use of different decentralized platform, keeping data from transactions across several platforms, use of centralized platforms and so on. There has to be a connection between all of them where they can be able to efficiently function with all of them without losing too much time or data. Essentia.one is an answer to this problem of differential platforms.

About Essentia.one

Essentia.one is a platform that operates based on a framework of interoperability, where new technological work-frame can exist and be used alongside prior existing technology. It functions as a decentralized platform that uses a multi-chained set of protocols that can connect centralized and decentralized operations in order to solve the problem of discontinuity and loss of data in an event of a switch of operations so that there is a fluid and efficient interaction.

Essentia.one already has several existing platforms and operations registered on the network which can work with it. it functions like a mother app that comes in-suite with some other apps and allows you to access and manage them without having to lose any bit of data or time and also to use them together as if they were sister functions that can work to complement each other. It means that with essentia.one it is easy to make the switch.

Essentia.one tokens

Essentia.one platform is operated by registration an purchase of its tokens. The symbol of the token is ESS, and has a map distribution of 10% for its founders, 15% reserved to be used for rewards, 35% available for sale, 9% for its advisors, 7% for the team, 4% for its ambassadors and 20% in reserve for later usage. An investment in these tokens allows for an access to its features.

Categories of users of essentia.one

Essentia.one is built to be used by two categories of users, individuals and companies. The major determinant of the essentia.one target market is the use of one form of centralized or decentralized platform, even more these of more than one of any of these categories and a need for a platform that can function across all.

Individuals: there are two major functions that individual usage will find essentia.one particularly interesting and efficient. One is the system of a decentralized passwordless login; we have all heard at one point of a scenario where a person’s password gets accessed and since that is the only form of security, the foreigner in this instance gets unlimited access to the contents of that account. While that is a risk a lot of people have to contend with when using password system security, essentia.one uses an option of a passwordless decentralized system with eLogins to access websites and dApps so that a breech on one end is not a breech on all ends.

Another feature for individuals is the KYC compliance. KYC compliant platforms simply means they follow a set of compulsory rules and guidelines that encourages a knowledge of customers of individuals with an aim to protect them against fraud from an external party. The KYC compliant service seamlessly keeps data of clients in a decentralized way and accepts new clients.

Companies: other than individuals, companies are another set of targeted user category. One of the features applicable to companies is its GDPR compliance. GDPR compliance is a feature that mandates companies to protect the details and personal information of European Union citizens for all transactions that occur within EU member states. Hence with this compliance in place users can have their data removed if it is verified with a proof of on chain transactions.

The second feature is the oracles for smart contracts: this offers a level of reliability and viability for smart contracts conducted/drawn sing essentia.one because companies have the option of ordering a seizure of assets in a situation of a violation of contractual agreements. Hence, a company user can feel a level of safety while using it.

Additional platforms built on essentia.one

Reputation: With the use of essentia.one ensuring and looking up the credibility of a particular person(s) become an easier endeavor that does not need the help of an intermediate centralized body. These institutions like banks and insurance services can look up the reputation of clients and get fast results without needing to wait on a centralized platform as long as they have used one of its affiliated platforms of the other.

Jarvis: essentia.one makes use of Jarvis which is a robot that acts as an assistant, holding the keys to your digital accounts and has the ability to give a full control over its functionality through the use of a master key.

Breakdown of what essentia.one does

All in one seed system: It provides a form of organized access to all your centralized and decentralized platforms so that no data is lost in the process of making a shift to either one.

It solves the problem of accountability of data or loss of data that may be caused by a change or an upgrade in your chosen system of operationality.

Multi-chain and multi-device: the essentia.one works a flexible framework, it works with a multiple choice of blockchains like the bitcoins, Ethereum and so on and it is also designed to be supported by different devices.

Scalability: you would not have to worry about the scalability and a deletion of the functionality of the platform because it is built with a highly reasonable level of scalability to be able to support a lot of users at the same time.

Modular: the framework of essentia.one is modular and it allows for a growing scope of a decentralized app to be accessed with as little as one click.

In summary

Essentia.one is a platform built by a group of competent hands at different fields coming together to create a framework that does not only fit into the growing use of decentralized apps but also move further to facilitate an easy usage of them. With an acceptance and usage of these apps, essentia.one makes it possible to be invested in a series of different types and still maintain accessibility, flexibility, and operationality across all of them easily.
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Hopefully in this technological innovation era data transfer will be easy with this platform

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If you interested, you can participate in Essentia crowdsale that start on 7th June.
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