IS DATA DECENTRALIZATION THE NEW TREND?
For years, the promise of “the single view of the customer” drove the need for centralizing all related data into a common data warehouse – many sources, one target. An entire data management ecosystem was created to integrate, connect, extract, transform, cleanse, master and secure data in the warehouse. The data pipeline was known and straight. Now, customer data is far from straight; the number, location and variety of sources grow daily, and processes need to adapt to handle ambiguity
The more the data management industry consolidates, the more opposing forces decentralize the market. Rather than the need for customers to manage data centrally, they look for capabilities that manage data
On the other hand, data decentralization assumes the approach that data stays where it gets created. The wrangling tasks are conducted in place or virtually where only the cleansed, transformed and desirable data is presented to the user or analytics tool. In larger enterprises with multiple business units, imagine each business unit manages and creates its own data ecosystems independent from the mother ship. Each unit is able to localize, process and analyze data in an agile manner. The cons? Lack of standardization for reporting across business units, lack of common enforcement of data governance policies and redundant infrastructures.
While the data decentralization approach seems to be on the rise, data centralization still drives the majority of IT and data management technology spend, at least for now.
ESSENTIA is a framework that allows users to have full control of their online identities. Users can control whether or not they want their identity to be completely private, whether they want to reveal certain parts of their identities, or whether they want to give websites complete access to their persona. Within this persona, information such as IP addresses, names, your region, and other personal information can traditionally be read by servers who sites you visit.
The Essentia framework provides you with one seed, working across all devices, platforms and blockchains, to control your digital assets, attributes and connections to the physical world. Your data will finally belong to you and you will be able to choose who can access your data and to what extent.
The main user, or “Seed” as Essentia calls it, is the only one who has complete access to this personal data. Obviously, there will be certain situations where seeds may need to share more personal data for authentication reasons, but in general, this isn’t necessary. By using the Essentia framework, users will have full control over how and where their personal information is shared with other servers.
Every decentralized system requires an access token of some sort to fuel it and to enable the purchase of core goods and services, and Essentia is no different. ESS is the name of the token that powers the Essentia Framework, and it does a lot more than simply pay for stuff, but we’ll get that in a sec.
To learn more about the project you can visit this link :
Website : https://essentia.one/
Whitepaper: https://essentia.one/whitepaper.pdf
Telegram : https://t.me/essentia_one
Twitter : https://twitter.com/Essentia_one
Facebook : https://www.facebook.com/essentiaone/
ANN : https://bitcointalk.org/index.php?topic=2704531.0
Author : raidal
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1084584
