In a world where our personal or private data are no longer safe and are been compromised, stolen or even plagiarized, there is need to seek for a means to secure our private data, the old traditional of way of securing these data are no longer safe and secured, almost all the places where our private data are stored is a centralized system which can be subjected to all sort of attack, which could lead to our private data been comprised, there could be a hack on the centralized system where we keep such data and all our data might been stolen, human error can also lead to our data been lost because these data are in care of centralized body and it is possible someone within the centralized body could have access to these data and could leak them
Now imagine if we have control over all our data? It means we can manage our private and personal data very securely, It means no one will ever get access to our data unless we authorized them, it means we can monetize our data and still be in full and total control of our data, It means so much to us when it comes to data safety and management. The good news is that Essentia is already building such a system by using the power of blockchain. Let's find out how Essentia tends to achieve this?
What is Essentia?
Essentia is a decentralized framework that will give the users full control and ownership over their data, IDs, information, privacy and assets and this can be used by humans, machines, IoT devices and lots more. This is made possible using cryptographic seed capabilities of sign/ verify/ encrypt/decrypt to make the system to be secured.
This is because the user or device accessing these data in a decentralized systems is the only one with access to the seed.
Essentia will enable users to create, store and access their data with just one seed and the user will be able to have access across all the dApps from anywhere, anytime on any device both on-chain or cross-chain.
How Does Essentia Works?
The Essentia framework is like a decentralized OS that can integrate on/off/cross-chain resources in a single place, while also giving the user/machine a trustable operational environment to interact with them.[Quote from White paper]
Essentia can be used to build on/off chain framework which can integrate with other projects in a way the user would not have 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.
For example, the user can have access to multiple Dapps and resources and interact with them and all their respective accounts, configurations, preferences, and so on, by just accessing their Seed/private key that loads the user’s personal.
Why Invest In Essentia?
I have four thing I normally consider when choosing or analyzing an ICO for an Investment it includes; the product, the road map, the team and the partnership
The Product
Essentia already have a working product which they have integrated with other project, unlike most ICO which would want to rasie millions of dollars with idea on white paper, no prototype or even common MVP.
The Road Map
A closer look at Essentia road map shows that they are inline with their road map with their Q1 2018 target almost met remaining the concluding of their ICO to complete their Q1 set targets this is one of the things I like about projects that always follow their road map and achieve their set targets this gives investors and token holder confidence about the project.
The Team
Going through their team member both their LinkedIn profile, they have quite a huge number of team members and they are well structured having Tech and Design team, Business and Social team and the team member I really like is Matteo Gianpietro Zago who created his first project with a budget of 10 euro and it turned into a huge success. Also they have a good collection of advisors one of whom have raised $19M with his charity project, AidCoin.
Partnership
This is to me far more important as an investor becuase this what will determine and drive the value of the token higher. Essentia have held a meeting recently with Dutch Ministries and they looking forward to have a partnership with them. You can read more about the new here https://blog.essentia.one/netherlands-government-seeking-blockchain-solutions-for-border-control-with-essentia-one-2e1671083b75
Conclusion
I am rating this project high by my standard of ICO evaluation this is because they already have a working product and have integrated with quite alot of other project and also they have a good niche and with the potential of sealing a deal with netherlands-government which when happen will bring more countries onboard and this will make the demand for the token to grow in value thereby returning huge investment to the investors. I personally will have this token as a long term HODL
Essentia will be having their ICO for the sale of their ESS token you can participate and join in the upcoming token sale
Token Sale Information
SALES DATE: TBA (Join the telegram channel for the update)
Learn More About Essentia:
White Paper
Visit Website
ANN Thread
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Join Telegram
Disclaimer:
This is not a financial advice I am just sharing my personal opinion on ICO's. Do your own research before getting into any ICO. Investing in ICO is risky and you could lose your money.