The Need For Eternal Trusts
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 one of the upcoming outfits that seek 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 system is based on the convectional “purpose trust”. The systems rides on the EOS platform that has the fastest transaction rates in the market today and will make it easy for the administration of client assets in a trust backed environment that makes Eternal Trusts a unique fiduciary dApp creation outfit. The platform plans to use the IBM Hyper-ledger and this combines speed and low transaction costs.
The Need for Eternal Trusts
Trust funds are becoming trendy these days; it is the only way you can leave a positive legacy that will touch the lives of future generations. Trust funds require distinct agreement that is legally binding and involves 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 trust 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 blockchain is set to change the situation. Eternal 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.
Eternal Trusts Detailed Structure
Project name: Eternal TrustsToken ticker: ETTPrice: 1 ETT = 0.01 USDPrice in ICO: 1 ETT = 0.021 USDICO start: 1st Jun 2018ICO end: 1st Oct 2018Eternal Trusts Project VisionEternal Trusts set to use state of the art technology backed by a group of experts to transform the Trust Funds sector. The team behind the project comprises of top brains in the financial and blockchain 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 transform 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 Powering Eternal Trusts
The platform brings together public and private blocks 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 stored in the system cannot be altered and can last centuries and this fulfils the real essence of a trust fund. The native Eternal ETT token will power the entire network and participants will use it to access services and products from the system.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 blockchain.
