Even though Essentia.One was announced just in December 2017, it has in a short period of time garnered enough buzz on web 2.0 and created Guinness world record by being the most commented item in web 2.0
CONCEPT: The very reason why the developers have worked on and come up with Essentia.One is very simple – In future a single person will be owner of multiple online personas, multiple wallets, and multiple crypto currencies, each with its own log –in mechanism.
In such a scenario Essentia.One wants the future to be easy or remove the concept of multiple passwords and remove the hassles associated with such a system and instead offer access to the platforms from a single digital identity.
This single digital identity is knows as – SINGLE SEED.
What exactly is SINGLE SEED -The main innovation of the decentralized web is the private key, encryption and having a single seed. Our Facebook or Google password/login data can be used just for their specific services. The passphrases in multiple wallets and multiple crypto currencies also work in the similar way.
With the help of private key and passphrase, a person remains in control of their digital life. And instead of 20 different corporations controlling the data, the control is shifted to the user.
Also, instead of using different passphrase for different apps, with Essentia.One there’s just going to be a single have just a passphrase for login to all the digital assets.
Fewer passwords lead to more control and ease of operations which in turn makes Essentia.One very user centric.
FEATURES:
USER IS IN CONTROL OF IDENTITY SHARED:
Essentia.One gives the user the control to their identities with custom profile settings i.e. they can decide the extent to which they want to share their details and also if they’d prefer to be anonymous or pseudo-anonymous or KYC compliant with their identities.
SINGLE LOGIN:
As explained above, having one seed grants eases the process of multiple logins and the user can instantly access their personal and business-critical logins.
INTEGRTION OF MULTIPLE WALLETS AND MULTIPLE CURRENCIES:
Essentia.One has integrated various currencies like Bitcoin, Ethereum, ERC20 Tokens, IOTA, Litecoin, and Ripple which will all be accessible only through user’s seed. This integration again helps in making Essentia.One very user oriented.
POWERFUL DECENTRALISED STORAGE SYSTEM:
Essentia.One has integrated with multiple powerful decentralised storage systems like Swarm, Ipfs, Storj which leads to data encryption and censorship-resistance.
ACCESS THROUGH MULTIPLE PLATFORMS:
User can access Essentia.One through various browsers, through desktop app or mobile app
GDPR COMPLIANCE:
Essentia.One complies with the GDPR regulations put forward by the EU and any company which need GDPR compliance can use Essentia.One. Also, the users have an option to request the removal of their data, an action which is publicly verifiable using proof of onchain transaction
USING ORACLE FOR SMART CONTRACTS:
Essentia.One uses oracle which makes it very easy for companies to trigger any action (in case a certain set of conditions are met) without the need for relying on intermediaries.
THE CONCEPT OF JARVIS:
We have all seen how Jarvis is Iron Man’s assistant. In the same way, in Essentia .one Jarvis is the robot which acts as an assistant, granting user the sole control over its functionality using a master key
TOKEN METRICS
The token metrics hasn’t been announced yet and will be announced soon
TOKEN DISTRIBUTION
The token distribution system is as follows
ROADMAP
The Road Map is published was a different document and it gives the details of the plan to be followed
2018 Q1: Creation of a dApps platform, file storage platform, multi-asset wallet, first token airdrop.
2018 Q2: Creation of VPN platform, TOR platform, eLogin 3rd-party ID Management system, second token airdrop.
2018 Q3: Native mobile app beta release, ESS framework beta release, ESS keyware (hardware) release, third airdrop.
2018 Q4: EOS beta release
2019 S1: Cross-chain operability, multi-language integration.
2019 S2: Roll out of final product.
MARKETING STRATERGY:
The marketing team of Essentia.One is planning to spend from 250k€+ till 700k€ which will be spread out between various channels mostly on Facebook, Twitter, Reddit, Google Adwords
Various partnerships are going to be announced for eg: Essentia.One will become member of Ethereum Enterprise, Bitcoin Foundation Switzerland, etc.
THE TEAM:
The team for Essentia.One consists of many members ,most of them are being engineers
Mirco Mongiardino - Product Lead Mirco is a web entrepreneur with strong experience in building tech products for data analysis, data driven marketing and media acquisition. He now manages more than 40 people spread across seven countries, with offices in Amsterdam, Lviv and Dubai.
Matteo Gianpietro Zago - Project Lead: Since 2014 advisor in blockchain-related startups. Matteo started doing business 8 years ago by creating his first project with a budget of 10€ turned into a real scalable business working now with Fortune 500 companies such as Uber, Alphabet, Facebook, Tencent. He’s also author of the Facebook Bible and the Twitter Marketing Guide, both bestselling books on Amazon.
Vladimir Holubovych - Operations Lead: He was just 19 when he took his first step in business by creating viral videos for Italian companies’ .Later; Vladimir took a great interest in blockchain and began to develop this direction in Eastern Europe from 2014 to today. He invested in several start-ups, aided by his extensive experience of online marketing strategy. Essentia, his main goal, involves doing everything in his power to make the decentralized web accessible and widespread as a new standard.
VERDICT
The concept of Essentia.One is very intriguing and since it seems to put user at its centre, there is no doubt that when launched into the market, it will create ripples.
Even at the ICO end, the company is putting the users at centre of their application and they plan to grant the contributors the ability to interact with Essentia.One in a variety of ways and pay for their actions on Essentia.One through ESS token which they will get in exchange for their contribution.
They have even started with a Beta app so as to give users the feel of how the app might eventually work.
In my opinion, Essentia.One is a great step which will simplify the users work and reduce the hassles, and after checking the beta app by themselves, interested people can go ahead with it.
LINKS:
Website: https://Essentia.One/
Facebook: https://www.facebook.com/essentiaone/
Twitter: https://twitter.com/Essentia_one
Telegram Chat: https://t.me/essentia_one
