ESSENTIA.ONE CREATE YOUR DECENTRALIZED LIFE - ICO DETAIL

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Friday 30 March 2018

ESSENTIA.ONE CREATE YOUR DECENTRALIZED LIFE


WHAT IS ESSENTIA?

Essentia is the very first project that takes care of making decentralization concretely fungible, and effectively usable, by the users. For example, the user can load their multitude of preferred Dapps and resources and interact with them and all their respective accounts, configurations, preferences, and so on, by just accessing their Seed that loads the user’s personal, custom and powerful Essentia Home Panel.

Because of its peculiarities and implementation, the Essentia framework cannot be compared to any of other existing projects. Essentia is able to integrate the other projects when necessary and, at the same time, it provides its services in a radical, decentralized way without, for example, asking to the user to rely on intermediary applications for doing simple tasks such as logins. These can instead be done in a truly decentralized way. By signing and verifying a message after a successful handshake/challenge between the parties.

BLOCKCHAIN

Blockchain-based technologies have the power to solve the issues presented by this context. Yet in their current state, these technologies will not be sufficient nor effective until users are able to easily and proficiently interact with them. Decentralized solutions and intermediary-free services or tools are of critical importance to enable users to regain control over their freedom, privacy and what constitutes their digital “life pieces” including IDs and data.

Even if blockchain-based and decentralized technologies can lead the way out of this disturbing reality, they haven’t yet reached a mature stage. Blockchain technologies lack layers of effective solutions enabling a positive, prolific and friendly interaction for users. To be finally freed, users require intermediate layers that connect them directly, easily and securely with decentralized resources, tools and services, as well as blockchain technologies.

THE PROBLEM

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?

THE SOLUTION

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.

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