Cryptocurrencies have gained a lot of public attention over the past few years, as people start to realize their full potential–this is generally attributable to the rise of smart-contract technology. While Bitcoin has pioneered a revolutionary way of storing and exchanging value, Ethereum smart contracts have been revolutionizing how people manage their assets and automating their spending, eliminating the middleman from financial operations altogether.Any programmer proficient in smart-contract technology can write several lines of code to create an automated smart contract–a mechanism which is capable of distributing a predefined amount of capital to a designated set of crypto-wallets. This innovative, decentralized method essentially replicates traditional wills, which are currently fully at the disposal of governments worldwide. The author of such smart contract can be confident that his or her assets will be transferred at the right moment in time to the correct destination. The transaction will fall under existing legislation for wills in all jurisdictions, but regulators will be unable to block the transfer of assets from taking place. Thus an algorithm which is written within a smart contract is certain to be fulfilled, assuming there are no major cataclysmic events that involve the entire network. Local tampering of different nodes cannot alter the outcome.
Although smart contracts provide unprecedented guarantees and flexibility, they are not truly smart; there is no way that a simple smart contract can verify whether the conditions are optimal to spend assets, or to take into account the prevailing market sentiment, or if the beneficiary crypto-wallets have changed owners. A new player in the field of blockchain startups, Eternal Trusts, aims to change this.
Eternal Trusts is a platform that enhances smart-contract technology with hybrid intelligence, providing a completely autonomous solution that is able to fulfill complicated scenarios, to adapt, and to communicate with external agents. Eternal Trusts is ideally suited to executing long-term goals such as supporting family, managing assets, contributing to charity, or even extending the life of the settlor.
Essentially, Eternal Trusts is a decentralized autonomous organization (DAO), which connects several pools of experts, working together to fulfill the long-term objectives of the clients, or Settlors. The process of becoming a Settlor is simple: one should purchase a predefined amount of ET Tokens to initiate splitting the objective into multiple smaller tasks and storing them on the blockchain until a solution emerges. In order to achieve highly complex objectives, Eternal Trusts attracts and incentivizes Oracles – scientists, organizations, and providers of AI-algorithms that can monetize their expertise by voting to select the optimal portfolio of solutions for the purpose. Providers, consisting of companies in fields related to the purpose, compete to execute those solutions. This autonomous process called Purpose Execution Flow allows Eternal Trusts to guarantee the fulfillment of Settlor’s objectives in the most optimal way.
Eternal Trusts is an unprecedented service that disrupts the centuries-old and trillions worth industry of fiduciary services by creating an alternative, more secure and affordable option for the crypto world. The platform can provide benefits to all parties of the trust management process: Settlors can directly formulate and algorithmize payments for execution of their long-term objectives, traditional Trustees can use the platform to assure their clients that decision making on their behalf would be most optimal, and smart contract template platforms can enhance their smart contracts to make them more adaptable and able to interact with the outside world. This project makes it truly beneficial to store assets in crypto over the long-term, beyond mere speculation, while boosting the growth and liquidity of major cryptocurrencies.
Contacts:
Kirill Silvestrov, CEO
Phone: +79163234731
Telegram: https://t.me/kirillsil
LinkedIn: https://www.linkedin.com/in/kirill-silvestrov-0753222/
Website: https://eternaltrusts.io/?utm_medium=media&utm_campaign=morak_pressrelease_1
Media Contact
Company Name: Eternal Trusts
Contact Person: Kirill Silvestrov
Email: Send Email
Country: United States
Website: eternaltrusts.io/token
Source: www.abnewswire.com
