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TrustVerse – “TrustVerse.io: AI-Wealth Management & Digital Estate Planning Protocol” – 18 October 2018

Blockonomi

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We will introduce a posting on TrustVerse at ‘BLOCKONOMI’ site.

‘BLOCKONOMI’ is highly appreciated and noted in the global blockchain industry. Oliver Dale is the Editor-in Chief and Founder of Blockonomi and it’s parent company Kooc Media Ltd, A UK-Based Online Media Company. Oliver has been in this field for more than 15-years and founded numerous high-profile online publications, including WPLift, AlienWP, Photonify & Themefurnace among others. Under his leadership, the team published numerous remarkable online publications on TECHNOLOGY ENTREPRENEUR. Blocknomi is a media that provides information and covers noteworthy and high potential projects. Blocknomi is also a sponsor of the ‘Malta Blockchain Summit 2018’ scheduled for November 2018.

Trustverse.io: AI-Wealth Management & Digital Estate Planning Protocol

Oliver Dale on October 18, 2018
TrustVerse.io is a personal wealth and digital asset management platform designed around the use of the blockchain and artificial intelligence. It can be thought of as a deep neural digital assistant for nearly every facet of one’s digital holdings –particularly estates.

“The TrustVerse project began with the fundamental questions, ’How do you safely protect your digital estate and other assets?’ and ’How can we reduce information asymmetry and maximize the utility of dApps (decentralized applications) with niche and highly demanded service related to wealth management?’” according to the project’s white paper.

 

TrustVerse.io aims to answer those questions with its secure platform, which will ideally combine day-to-day management with strategic allowances for tax, legal, regulatory, and other concerns.

Who’s the Team Behind Trustverse.io?

Contents [show]

The co-founders of Trustverse.io are Michael Jeoung and Jack Poon. Jeoung is the CEO of Trustverse.io and boasts 15 years in the high-tech business development sector. He previously served with Cisco Systems as the head of global partners organization. Poon is the found and CEO of AtCipher, and he formerly served as an engineer for Intel Corporation.

How Does It Work?

The Trustverse.io platform contains a host of tools for digital wealth management, combined with a number of proffered services.

 

 

TrustVerse.io combines the power of artificial intelligence with the functionality of blockchain technology such as smart contracts to build optimized and transparent portfolios. So-called life scheduling services can be arranged via smart contract, and smart contracts can be used to safeguard estate assets private donation and inheritance assets on a public blockchain. Overall encryption is a given due to the use of utility token TVS.

The heart and soul of the Trustverse.io project is an automatic portfolio tracking tools that can direct users to rebalance their financial portfolios held with third parties in real-time. This independent observer stance toward asset management can eliminate conflicts of interest and reduce fees for potentially much more lucrative information.

“The Trustverse platform only provides portfolio information and smart contract features for asset management companies record,” the developers stated. “The dividends will be paid and decided by the asset management company, which is independent of the platform. Unlike existing, traditional portfolio services which charges users exorbitant fees for a time-consuming interface without providing a real-time market situation, our portfolio service provides prompt time-to-market service.”

 

What Makes TVS Stand Out?

The Trustverse.io team quickly recognized that the cryptocurrency sphere remains a low-trust environment. This is partially due to its relative newness in the financial world and partially due to its unregulated nature. The crypto market as a whole, as well as individual cryptocurrencies, is subject to large swings in volatility, and there is no coherent regulatory or tax structure within the U.S. for managing cryptocurrencies. This makes it difficult – with the offerings currently available – to trust a highly conservative field, like digital wealth management or estate planning, to blockchain-based tech.

 

Technology

 

Enter the TVS token, which the team believes will smooth out the rough patches in the market and provide a reliable base on which the Trustverse.io platform can function.

“VS Token aims to eliminate the inherent weaknesses of cryptocurrency – information asymmetry, lack of utility, and provides investors with a credible, portfolio-based financial information that will be highly utilized monetary value and authority,” the developers explained in their white paper. “Furthermore, TVS token gives access to handle tax or legal-related information for the holding digital assets and estates. One of the main missions of TrustVerse is to provide token users with real value and service that they are satisfied with.”

 

TVS Tokens

TVS Tokens

TrustVerse.io plans to wrap up its pre-sale of TVS on Oct. 23.

The TVS token is an ERC-20 token with a total volume of 1 billion. The only currency accepted for TVS tokens is ETH, as TVS functions as a dApp on the ERC-20 network. The tokens will be sold at a rate of 2,000 TVS per 1 ETH.

A total of 40 percent of the available total token supply will be sold to the public at large, with 30 percent retained for the ecosystem and research and development. The founder of TVS will keep 20 percent of the available supply, with 6 percent allotted for the team and the token’s advisers. A further 4% will be made available to partners for market development.

Token Usage

What’s Next on the Roadmap?

Trustverse.io’s roadmap primarily concerns its token sale plans. The presale is slated to finish by Oct. 23, at which point that actual initial coin offering will begin. Public sales will stretch from Oct. 24 to Nov. 19.

Conclusion

Trustverse.io presents a solid use case for blockchain technology that offers significant advantages over traditional asset and estate management services. Its position as an intermediary between users and fund managers puts more control into the hands of users by granting them access to artificial intelligence portfolio services and real-time asset management.

Moreover, Trustverse.io’s innovative use of smart contracts with its so-called “proof of death” system takes a lot of the guesswork and uncertainty out of estate and inheritance planning.

One of the core advantages of Trustverse.io versus traditional estate and inheritance planning is its use of blockchain technology to ensure a safe, secure, and transparent chain of ownership of assets via the TVS token. The TVS token itself is based on the tried-and-true ERC-20 technology. Since Ethereum provides the underlying tech for the Trustverse.io platform and dApp, it’s virtually guaranteed to have market longevity. That is, Trustverse.io lives up to its name by providing a long-last and secure platform for managing a traditionally conservative corner of the financial sector.

 

Trustverse.io is also forward-looking in terms of regulation. While the cryptosphere at large suffers from a big lack of consistency in taxes, regulatory measures, and the like, Trustverse.io is prepared to meet these challenges head-on and actually address them in an ever-evolving environment. This capability puts it head and shoulders above its competition, which struggles to meet even the regulatory challenges facing the cryptocurrency market alone, let alone complicated end-use cases, like portfolio management and estate planning.

You can visit the Trustverse.io home page here and read the full white paper here.

Useful Links

 

 

Trustverse.io: AI-Wealth Management & Digital Estate Planning Protocol

 

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[Interview] Reasons for regulation prerequisite with CEO Michael K. Jeoung

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Interview with CMN on reasons for regulation prerequisite, Michael K. Jeoung, CEO of TrustVerse

Published on Nov 14, 2018

Michael Kiook Jeoung, CEO of TrustVerse told about the stance of South Korea on ICOs and the benefits of the regulation along with John McAfee, Roger Ver, Miko Matsumura, Ian Balina, Brock, W. Scott, Charlie Lie at 2018 Futurama Blockchain Innovators Summit in Spain.

 

Reference: CMN Interview: TrustVerse CEO, Michael K. Jeoung at 2018 Futurama Blockchain Innovators Summit

All rights reserved. Crypto Market News

 

Abstract: TrustVerse

TrustVerse is a blockchain based intelligence platform for personal wealth management and a digital asset decentralization protocol. It manages and decentralizes all digital identities and proprietary information (such as iTunes, social media and subscription information) online as well as encrypted assets. When the transfer of managed assets and information is required, TrustVerse DAPP with Smart Contract Design helps to deliver it correctly and securely to the designated party.

TrustVerse’s asset management intelligence platform is powered by a state-of-the-art artificial intelligence (AI) deep neural technology and a multi-data financial portfolio optimization engine. The TrustVerse project began with the fundamental questions,

“how do you safely protect your digital estate and other assets?”, “how can we reduce information asymmetry and maximize the utility of DAPP with niche and highly demanded service related to wealth management?” We aim to answer that question by providing practical services that enable current and future crypto asset owners to safely handle their assets and also to provide proper management service (Tax, Legal services and etc.)

 

Co-Founder & CEO: Michael K. Jeoung

  • Global Business Development
  • MBA from the University of Chicago, Booth School of Business
  • 15 years of high-tech business development and go-to-market strategy experiences in global MNCs, international organizations, public sector & startups
  • Professional career at Cisco Systems as Head of Global Partners Organization-Service Provider Business, coverage for APJC and EMEAR(InterCloud and XaaS), Consultant at OECD Executive Directorate ITN(Business Intelligence and ICT Strategy), Chief Advisor at Ministry of Land & Transport (Smart City-Urban Integrated Operations Center Standardization)
  • Responsible for US$500M in cloud, IoT and network business
  • Lived and worked over 25 years in Singapore, Paris, Jakarta, Vietnam, S.Korea, and U.S.
  • 4 publications on ubiquitous computing and sensor network

 

 

 

 

Official Site : https://trustverse.io/
Telegram : https://t.me/trustverse_officialchannel
KakaoTalk : https://open.kakao.com/o/gFG3TPR
Facebook : https://www.facebook.com/trustverseofficial/
Twitter : https://twitter.com/trustverse/
Instagram : https://www.instagram.com/trustverse_official/
LinkedIn : https://www.linkedin.com/company/trustverse/
Medium : https://medium.com/@trustverse
Steemit : https://steemit.com/@trustverse
Korea Blog : http://trustverseblog.com

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TrustVerse – “Navigating the New Crypto Investment Class” – 12 November 2018

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Most notably, the emergence and expansion of digital currencies like bitcoin and hundreds of others like it has presented investors with a compelling asset class that is both novel and opportunistic.

Interestingly, enthusiasm for crypto assets has created a need for additional financial services as novice and experienced investors alike pursue this relatively new market, creating demand for supportive services including long-term financial planning and near-term investment strategies related to cryptocurrencies. Therefore, companies like TrustVerse, Protos, and Digital Capital Management are building platforms that are striving to meet this demand.

 

The Expansive Crypto Economy

 

While bitcoin has been around for nearly a decade and several other prominent tokens have existed for several years, the market boom is relatively recent.

Throughout 2017, the return on investment on crypto assets was cartoonish, the equivalent of stats on a video game. Day after day brought new market highs, and these gains were not slight. As many have noted, by the end of the year, the price of bitcoin would come close to $20,000, an incredible jump for an asset worth less than $1,000 at the start of the year. Not to be left out, other digital currencies gained value as well, expanding by thousands of percent as 2017 progressed.

At the same time, burgeoning crypto investment space created an opportunity for new, ancillary financial products related to digital currencies. For example, more than 200 hedge funds crypto-focused hedge funds have emerged in the past several years, bringing a pillar of the traditional financial system into the crypto community.

At the same time, financial institutions are showing an increasing willingness to create products for interested crypto investors. Several institutions including Cboe, CME, Goldman Sachs, and Morgan Stanley offering bitcoin futures contracts, and the highly anticipated bitcoin ETF is expected sometime in the not too distance future.

 

The Role of Crypto Asset Management

 

Taken together, there is now a robust crypto investment scene, but it’s one that remains mostly unchartered and is still susceptible to dramatic value or sentiment swings.

As a result, there is a growing market for crypto asset management services. People want the kind of financial guidance and investment protection available to investors in traditional markets. They want to invest in crypto, but they want protection from extreme volatility and unnecessary risk, and several companies are striving to fill the void.

TrustVerse, a blockchain-based wealth management platform, is helping investors identify risk and diversify their investments appropriately. Using the power of AI and deep learning algorithms, TrustVerse not only helps investors with estate planning related to crypto assets, but it helps them establish a low-risk crypto portfolio that produces profits even during times of extreme market volatility.

Indeed, the market turbulence that frequently defines crypto markets is exhausting for investors. As Jim Smigiel, CIO of absolute return strategies at SEI Investments Co., told CNBC, “Looking at something with such high volatility all the time is not conducive to an investor’s mental health.” With TrustVerse, investors can harness the computational power of AI to create a more stable and profitable investment strategy while avoiding the headache of the always-in-flux crypto markets.

Meanwhile, other companies like Protos and Digital Capital Management are offering more traditional advisory services including merchant banking and professional fund management. In an industry dominated by a DIY ethos, these companies bring institutional knowledge and attention to crypto investment.

By professionalizing the movement and providing seasoned investors with quality tools for growing and diversifying their wealth, these companies represent the latest installments in the cryptocurrency movement.

Cryptocurrencies are an inclusive asset class. They are available to just about anyone, and their novelty means that the playing field is significantly more level than it is in traditional markets. However, even in this modern environment, investors don’t have to navigate this new investment class alone. They can turn to qualified professional platforms with innovative and capable technology that can support their investment initiatives on an individual basis.

 

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TrustVerse – “AI Is Helping People Manage Their Crypto Assets” – 11 November 2018

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Few things illicit excitement like the mention of AI. It’s everywhere right now. Microsoft is unleashing an aggressive advertising campaign touting its “amplification of human ingenuity,” and IBM’s Watson continually achieves new human-like feats.

AI is even transcending the technology space. Robin Sloan, a California-based author, is using the technology to help him write a novel, which shows, as The New York Times notes, “it is quickly clear that programming is on the verge of redefining creativity.”

That’s the fundamental premise of artificial intelligence. It can replicate human thought and address their tangible needs, not supplanting human ingenuity but enhancing it. In short, AI is a more human-like approach to computing that can be more applicable to people’s actual lives.

Therefore, it’s no surprise that AI capabilities are being applied to financial planning and asset management, an area where the demand for personalized advice and bonified investment intelligence is far outstripping the number of people who can practically provide those services.

This is especially true in the burgeoning crypto market where millions of investors have poured into the new investment space, eager to invest their money but lacking the knowledge to adequately allocate and differentiate their finances. With few experts to assist in these decisions, companies like TrustVerse, VectorSpace, and Elpis, bring AI-powered crypto investment services to market.

 

Managing Risk & Mitigating Losses

 

Although cryptocurrencies are most known because of Bitcoin, thousands of other currencies comprise this ecosystem. Taken together, they represent a compressive investment ecosystem that requires knowledge and intentionality to effectively navigate.

What’s more, despite their recent stability, cryptocurrencies remain an unusually volatile investment, prone to wild, unexplained price swings that aren’t typically experienced by other assets. This just underscores the importance of diversification.

TrustVerse, a comprehensive investment management platform that handles crypto as well as other financial assets, deploys AI to help its customers achieve a holistic investment strategy. By combining AI and the blockchain, two technologies on a tandem ascent, TrustVerse optimizes customer portfolios, making specific recommendations that are relevant for the user’s lifespan and beyond.

In comments on the emerging class of AI asset management platforms, Michael Tsang, formal managing director at Alibaba Group Americas and Microsoft HQ in Seattle, described TrustVerse as “the most advanced and profitable investment information construction service with one click.”

Elpis, Switzerland-based artificial intelligence platform, is likewise harnessing the power of AI to equip investors with the knowledge and technology necessary to pursue crypto and traditional assets in a single portfolio.

Meanwhile, other companies including VectorSpace are bucketing crypto products that contain different assets to mitigate exposure to market volatility. Using AI to determine the most appropriate investments based on the user’s comfort with volatility, long-term investment goals, and other factors, VectorSpace is using the best technology to create complete investment strategies in a unique financial market.

It’s a diverse market that is similarly applying artificial intelligence to create compelling platforms that meet customers’ unique needs. Their timing couldn’t be better. There is a profound shortage in the number of people able to provide in-person advice, and AI is effectively bridging the gap.

 

Leveraging Resources

 

Just as there is tremendous demand for blockchain professionals, there are fourteen open jobs for every qualified candidate, there is a shortage of financial advisers who can provide reliable insight into crypto investments.

While traditional financial institutions offer low-cost or even free financial planning services for their customers, they do not cover cryptocurrencies. In contrast, there are a growing number of institutions that provide crypto-only investment advice that can help people navigate the crypto ecosystem, but it doesn’t account for a holistic approach to wealth management.

AI can bridge that divide, building and managing comprehensive portfolios that account for the nuance and peculiarities of an individual’s investment ambitions.

Companies like TrustVerse are counting on customers integrating crypto assets into their lifetime portfolios, and they are accounting for the inevitable transition of these assets from generation to generation, something that would never be possible without the help of AI.

Indeed, there is hardly an industry that AI doesn’t impact in a significant way, and the crypto investment landscape is ripe for enhancement. As companies provide increasingly capable platforms for asset management and allocation, users will benefit from a strategic and holistic approach to financial success. Much like Robin Sloan’s AI-written novel, this is a story that’s still in progress, and it’s moving forward every day.

 

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