Essentia: Foundation and Business Plan Overview

ashadiya (39)in #blockchain • 7 years ago

There are hundreds of blockchain-based platform and framework which offer you the opportunity of being their user. But trusting your data, digital identity and assets on blockchain technology is a very serious decision. That’s why having enough information about your technology provider is a must. At least, you have to know about your technology provider’s credibility, foundation and plans in detail.

Essentia is a blockchain-based framework which also offers you the opportunity to decentralize yourself by being a part of its project. And now we are going to discuss about things related to its core team members (founder), core products, business plan and more.

Core Team Members

Essentia core team consists of four people with experiences and credibility in different fields. The Essentia project has Mirco Mongiardino, a marketing expert and experienced serial entrepreneur, as the product lead. The project leader himself is Matteo Gianpietro Zago, who is very experienced in building tech products for data analysis and marketing. He also has strong experience in creating internet company.

Then, we meet Vladimir Holubovych, a serial entrepreneur of the digital and physical product as the operations lead. Essentia also has GRX0, a master of informatics, decentralization and blockchain technologies as the blockchain and architecture lead.

Core Products

The core products provided by Essentia are designed to support a personal and custom environment for its users. So that they could manage and interact with multiple IDs, data, assets, decentralized and traditional resources, cross-chain resources etc. Main components including the ESS-ID, ESS-HOME, and ESS-OS can be used regardless of the locations of the users and devices being used.

Organizational Structure

The organizational structure of Essentia consists of Essentia community (the ones who contribute to the development of the network), Essentia MTU (also called as Essentia Foundation, a non-profit corporation) which will manage things related to development, research, education and awareness. There is also Essentia GmBh ( a for-profit corporation) which will be helping in the setup, adoption, integration and maintenance of the Essentia Platform and more.

Essentia also provides a space for its users (whether companies, organizations or individuals), where they are allowed to do an experiment, contribute, adapt or even modify the open source of the Essentia products to fit their need.

Business Use Case

Essentia, on its business plan document, describes the use case of its framework. This part explains how the network, access and products of Essentia could be used by different companies, business or individuals for different purposes. For example, the Essentia enables businesses to have a secure data management for themselves or their clients. The document also gives the use case of Essentia KYC compliance, asset management, management of decentralised Identities, and more.

ESS Token Information

This time, Essentia is offering you to decentralize yourself by participating in its ICO of ESS tokens. As a utility token, ESS token will play an important role within the Essentia ecosystem. You could read the rest information about ESS token utility on a separate document. Also, you are highly recommended to read the whitepaper to get the further information about the framework: how it works, the technology will be used, and the fund's allocation after the ICO.