Eternal Trusts is a hybrid intelligence platform that manages and spends crypto-assets in line with preset long-term objectives. Eternal Trusts combines hybrid intelligence technology with smart contracts to make the traditional trust funds and fiduciaries a thing of the past. ET represents a decentralized and autonomous financial means capable of making a long-lasting impact according to your own futuristic scenario. The blockchain-based crypto wallets linked to the Purpose Execution Flow of the Eternal Trusts platform can operate for centuries, turning to expert-backed hybrid intelligence to seek the best providers capable of performing the grand purposes set by the settlors, be it supporting multiple generations of their offspring financially, contributing to a global charitable cause, or even extending their lives by preserving their biomaterial for the long-term.
The global mission of Eternal Trusts lies within the autonomous execution of a wide range of people’s objectives that can go beyond their lifetimes. Eternal Trusts is a platform that replaces traditional Trust Funds and estate planning institutions with a decentralized, robust, and more publicly accessible set of mechanisms based on smart contracts and allows a wide range of people to select potentially feasible long-term purposes that best suit their needs. The vision of Eternal Trusts reflects the human desire for self-actualization and the pursuit of well-being. They believe that the hopes and aspirations of people living today should not vanish and be forgotten: it is important to preserve present generations’ financial, intellectual, and biological heritage and make it matter in the long-term.
The vision for the technological evolution of the smart contract system
The most developed technical solution today for creating the system that they envision is the blockchain infrastructure of Ethereum. The ERC20 contract makes it possible to issue a public token and closely monitor balances and transactions from one address to another. However, creating all components of the Eternal Trusts system with the Ethereum blockchain does not seem like the most appropriate choice because of the high cost of data storage in the blockchain, the limitations of transaction speed, the necessity of including off-chain components to establish or interact with oracle systems, distributed storage systems, or computational networks. As an alternative to Ethereum-based smart contracts, they are considering the possibility of simultaneously developing the platform with multiple blockchain ecosystems, either through a full business logic replication or as its evolution through the cross-chain swaps or dApps in an off-chain network. Currently, the EOS Blockchain ecosystem seems to be the most likely 7 candidate for building such hybrid, scalable architecture. The EOSIO project is self-described as the most powerful infrastructure for decentralized applications.
- Trust-like Agreement. The platform is built upon a smart contract infrastructure that mimics traditional “Discretionary Purpose Trusts”. Those “eternal” wallets can exist for hundreds of years, always seeking to fulfill the clients’ purposes with all risks minimized due to their decentralized and autonomous nature.
Cryptoasset Management. The platform provides mechanisms that maximize the chance of growth of client’s cryptoassets, which are managed according to the most reliable long-term strategies, generating returns from investments in tokenized traditional asset classes. When a Settlor’s objective becomes feasible, there has to be an excess of funds in management to afford purchasing every necessary component.
Hybrid Intelligence. The platform attracts and incentivizes multiple pools of experts, organizations and AI-algorithms that are responsible for constantly decomposing their client’s purposes into smaller parts and seeking the most reliable providers that can complete them with the utmost quality.
ET Token. The platform uses a smart contracts based Token to enable the transfer of assets, to store the data securely, and automate the process of voting for the experts, optimizing the Purpose Execution Flow.