The crypto-sphere is coming of age and new and sophisticated platforms are unfolding with better value propositions, enhanced functionalities and better security checks. Eternal Trusts is an upcoming outfit that seeks to change how users interact with crypto assets administration securely. To achieve the goal, the system will be based on collective decision making algorithm.
The good thing about the protocol is that it accommodates anyone running a business, financial services givers, trustees and family business as long as they accept crypto. This will be flexible, easy to use, transparent and affordable. The easy to integrate outfit is based on the convectional agreements.
The system rides on EOS that has the fastest speeds in the market today and will make it easy for the administration of client assets in a trusted environment that makes ETT a unique fiduciary dApp creation outfit. The platform plans to use the IBM Hyper-ledger and this combines speed and low costs.
The Need for a New Entrant in the Market
Trust funds are becoming trendy these days; it is the only way you can leave a positive legacy that will touch the lives of generations to come. Trust funds require distinct and legally binding agreement that involve a trusted middleman or third party empowered to hold, distribute or spend the trust funds in accordance with the wish of the trust owner or settlor.
These funds hold in excess of $20trillion governed by the traditional systems that are prone to manipulations and forgeries. Administration fees on probate have skyrocketed that it has made the third party claim process difficulty and use of modern technologies is set to change the situation.
The digital Trust is poised to solve these problems and by use of digitalized applications and this will drastically lower administration fees and an immutable interface that will make communication with trustees easy and frictionless. This is envisioned to influence the growth of trust funds and more life changing legacies because of the transparent nature of the system.
Detailed project Structure
- Project name: Eternal Trusts
- Token ticker: ETT
- Price: 1 ETT = 0.01 USD
- Price in ICO: 1 ETT = 0.021 USD
- ICO start: 1st Jun 2018
- ICO end: 1st Oct 2018
Eternal Trusts Project Vision
The project is set to use state of the art technology backed by a group of experts to changes the Trust Funds sector. The team behind the project comprises of top brains in the financial and tech to offer transparency, affordability and flexibility in a user friendly environment. The goal is to help the fiduciary access discerning services in near real time.
The trust fund model is expected to change the existing systems and make it easy to integrate using the new tech. This will be a cryptocurrency based real world use solution that will ride on the increasing crypto uptake given the trust and transparency it comes with. Once integrated with modern financial service providers, the process will be a huge step in the industry.
Technology Used on Eternal Trusts
The platform brings together convestional and modern technologies so as to make it easy for the latest technology pull data from the traditional systems and harmonize it. Apps build on the system will be easy to deploy and unravel the complexity of trust funds and make them transparent.
Data and digital assets stashed in the system can’t be altered and can last centuries and this fulfils the real essence of the funds. The native Eternal ETT token will power the entire network and participants will use it to access the applications offerings.
Whether users are want to channel their trust funds to charity or fundraisers, the app will give quick access to their funds and participants will be able to monitor the transactions and verify using the public block backed interface.
More information on the project ( ETT ) please visit their website listed below:-
WEBSITE: https://eternaltrusts.io/
WHITEPAPER: https://eternaltrusts.com/docs/wpen.pdf
ANN: https://bitcointalk.org/index.php?topic=3130908
TELEGRAM: https://t.me/eternaltrusts
TWITTER: https://twitter.com/Eternal_Trusts
FACEBOOK: https://www.facebook.com/EternalTrusts/
Author: cryptocat156
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2154730
Telegram username: @cryptocat15
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