Today we will touch on the topic of the Eternal Trusts project, which, in particular, deals with a difficult and ambiguous topic of wills. Now, in the process of drafting, several people are involved, and this also involves legal and ethical difficulties. However, even this difficult problem is easily solved by this platform using blockchain technology.
Now the ICO of the Eternal Trusts project is underway, and I must say, this did not go unnoticed among the crypto-evangelists. And this is not surprising, because the platform deals with one of the pressing problems of modern life.
Problems solved by the project
The platform solves the problems of the trust management market. Such a problem arises when a person wants to have his property used in a predetermined order after the circumstances have come about.
Circumstances can be as follows:
When drafting a will. Usually in this case you need a notary, time, and also it's always a certain risk. A special problem is the situation when the client is already incapacitated. Therefore, here you can become a victim of black realtors, extortionists and other scammers of all kinds.
There are also frequent cases of challenging a will in court in favor of the state, if they find signs of illegal actions;
In the case of cryopreservation. This service is relatively young. It consists in freezing the human body for a period of several tens to thousands of years, until progress allows it to unfreeze it so that it lives on.
In this case, a procedure will also be required to ensure the safety and transition of human finances to the future;
In the case of personal funds. This implies the accumulation of funds in the accounts before a certain moment. This is not about a bank deposit, but about keeping funds in assets of various kinds and, accordingly, managing them.
In general, trust management is very promising, even now this market of annual amounts to tens of trillions of dollars.
What solutions does the platform offer?
Eternal Trusts is a blockbuster platform, through which it is possible to carry out trust management of assets through crypto currency. A preliminary version of the MVP product already works, and everyone can test it.
The platform will work on the Efirium blockbuster, ERC 20. For internal operations, the ETT token will be used.
The platform's task will be to store funds with maximum liquidity. This will be provided by the presence of world-class experts in the project team. So users can not worry about saving and multiplying their funds.
The plus of the platform is that all contracts within it have the highest degree of legal protection. This is ensured by a blockade. Thus, no stranger can change the contents of the will, contract and other legal documents.
For the project, the DAO self-governance system is characterized by three levels.