In the ‘Futurama Blockchain Innovators Summit 2018’ held by ‘Futurama Foundation’ made by the most influential blockchain experts in the world, ‘TrustVerse’ won the competition as the only Korean national team. (First place).
8 projects from around the world participated and competed in the event, held in Ibiza, Spain, for four days from the 10th to the 13th.
Hosted by Bitcoin Foundation (Chairman Brock Pierce) and DNA Capital, this event was attended by celebrities such as Roger Ver, policy and administration officials from all over the world, major exchanges and abroad and venture capitalists.
The ‘TrustVerse’, which won the championship, is a digital asset project and corporation that provides information-based services through block-chain smart contracts such as donations and inheritance. Headquartered in Singapore and South Korea to research and development (R & D) centers.
As a result of this victory, TrustVerse received a large amount of Ether as a prize along with the benefits listed on domestic and world-major crypto exchanges.
Michael Kiook Jeoung, TrustVerse CEO,
“ “After the rigorous screening by the Futurama Foundation, TrustVerse won, who is the subject of a blockbuster chain of experts, investors, and institutions”
“It is of great significance that the most influential leaders in the global BlockChain industry can help the project grow successfully,”
“We are talking about the blockchain ecosystem and the tokens 1% to the Futurama Foundation. “
The evaluation was made in 3 stages in total. Step 1: Receive and evaluate documents Step 2: Pitch 10 min. Step 3: Interviews and discussions with judges. Evaluation criteria include token economics, team members, business models, service models, operating models, and prototypes. The judges were former Obama administration advisor, World Bank policy officer, lawyer, exchange and venture capital officials.
Jung said, “It is a very difficult contest because we select only one company in the world.” However, it is a good opportunity to save time and money on a project and to be listed on a famous exchange. “
Meanwhile, the Futurama Foundation, which organized the event, was formed to discuss the development direction of the blockchain with the participation of the most influential blockchain experts in the world.
It will cover not only technologies but also economics and philosophy. The summit was held in Dubai earlier than Ibiza. Usually, summit attendance is limited to 300 people. The ‘TrustVerse’ service, which won the championship, is expected to be launched around April next year.
TrustVerse Institutional Investment – Futurama Global Pipeline Program(FGPP)
Infra-Tech Capital / The Embassy Fund/ Alchemy Capital / REDD Venture Partners / Foundation X / BlockMon / Ausum Venture / Unicom.VC / Eastmore Group / Alpha Chain / SVK Crypto / BitBull Capital / Bihumb /Bitsonic / CoinsBank / BitInka / CobinHood / ICOHolder / ICO Bench
TrustVerse Committed Exchanges
Bitumb / bitsonic / Hanbitco / COBINHOOD / bitINKA / CoinsBank / ETERBASE
(As of 27th of Sept, 2018)
Photos and additional information.
Official Site : www.trustverse.io
community : community.trustverse.io
Silver Sponsor, TrustVerse is going to the Biggest Un-Conference in Dubai – Satoshi United
Followed by Satoshi United held on 26-27 July 2018 in Singapore, Satoshi United aims at bringing this trend by creating a series of incredible UnConference events.
With that said, Satoshi United is hosting the second edition in the middle east. The unique UnConference will take place from 22-23 October in Dubai.
After a successful result (TrustVerse; the best ICO pitch, and the 1st place winner of Futurama Global Pipeline Program) in Ibiza, Spain at Futurama Blockchain Innovators Summit, TrustVerse is going to the biggest UnConference in the world called, ‘Satoshi United’ as Silver Sponsor.
This event is a great opportunity that offers another competition for TrustVerse to take a pitch, introduce its business, grasp the eyes and minds of investors, and go global. Also, this is a fine chance to connect with Blockchain influencers, discuss the latest trends, as well as exchange ideas with the top executives of the industry.
Dubai is also known as the heaven for the Blockchain and Cryptocurrency industry and they embrace it by implementing blockchain in its vital departments.
This event is dedicated to celebrating the consistent effort that has been put by the industry leaders in the industry. Satoshi United Dubai features the most respected and influential people of the industry. The list of speakers includes an incredible and diverse mix of up to 40 international speakers — from Fintech, Blockchain, Cryptocurrency and many more industries. The panelists and attendees will showcase their visionary developments in multiple sectors, such as governance and elections, e-commerce, and supply chain management.
As a special inclusion, Satoshi United will be hosting a Sky-high investors soiree in Dubai, which will completely be dedicated to bringing all the investors and blockchain visionaries under one roof. This is an exclusive, investors only gathering and only a few visionary startup teams will get the chance to attend this event.
Big hit! TrustVerse article is on Yahoo! Finance and FX Empire
3 Innovative Solutions For the Seamless Inheritance of Cryptocurrency Assets
Earlier this year, Futurism carried a story about Michael Moody, a 26-year old who died in a tragic plane crash in Chico, California in 2013. Before his death, Michael was a Bitcoin miner, in the words of Michael’s father, “my son was actually one of the earliest people to mine it. He used his computer at home to mine bitcoins when you actually could do it that way, and he had a few, we think.” Two years after the crash, the father started exploring ways to retrieve Michael’s cryptocurrency assets. He has succeeded in piecing together information about his son’s stash of Bitcoin, but he been unable to access his crypto wallets because of the decentralized nature of cryptocurrencies.
Nolan Bauerle, director of research at cryptocurrency analysis at CoinDesk in an interview with Bloomberg observed that “if someone who owns Bitcoin, or another cryptocurrency passes away without sharing their account information, those coins are simply abandoned.”
Interestingly, being able to retrieve personal information and access a cryptocurrency wallet doesn’t automatically mean that the funds of the deceased are available to their beneficiaries. A number of legal considerations such as the Computer Fraud and Abuse Act (“CFAA”) and The Stored Communications Act prohibit the unauthorized access to people online accounts (including crypto wallets) even when they are dead.
Now, accessing deceased cryptocurrency wallets and transferring funds without legal authorization apart from being a financial crime also has tax implications. Hence, dying without clear-cut instructions on the management of your digital assets means such assets could be forfeited to the state or lost forever. This piece examines three projects introducing innovative solutions for managing digital inheritances.
TrustVerse is fundamentally a blockchain-powered AI platform that provides an optimized asset management service while also minimizing cryptocurrency volatility for low-risk medium-return performance ensured by its deep neural network and secure and reliable blockchain based system. Beyond intelligent asset management, TrustVerse also offers smart contract programming and design solution on its dApp to help cryptocurrency investors manage taxes, legacy planning, inheritance and transfer of digital assets.
With TrustVerse investors can manage their crypto assets, and make sure their family and loved ones will get access to your assets after they die thanks to Smart Contracts and oracle mechanism. TrustVerse helps investors protect their assets through private smart contracts stored on a public chain. The smart contracts are also programmed with life scheduling service that reaches out to your beneficiaries to when you’ve not checked in for a while.
TrustVerse also leverages a Proof of Death (PoD) consensus solution to prevent post-mortem identity theft and fraud. TrustVerse also has solutions to determine if your digital assets are required to be reported and submitted to probate. Once all statutory legal requirements are met, you can trust that the smart contract will execute and the transfer and distribution of digital assets to predefined designators will be done. The best part is that this platform manages other digital properties such as online storage accounts, websites, emails, photo, and video sharing accounts, domain names, and intellectual property among others.
Safe Haven is a platform that uses blockchain technology to help people safely and transparently share the keys to their assets with beneficiaries after their demise. Many people are worried about sharing their account information or keeping it in storage because of fears that the accounts could be compromised and that their funds could be stolen. Safe Haven is using a TFC Share Distribution Key, Trust Alliance, and Escrow protocol to encrypt the information about digital assets while sharing the keys as a puzzle.
Safe Haven allows users to protect their digital assets and ensure seamless inheritance without locking you out. The protocol distributes seeds/private keys/passphrases that provide access to an asset to between the initiator and their beneficiaries. However, the shares of the keys are distributed to give the initiator/parent control over their assets – the shares are also managed as a legally-binding document by a notary. In the event of the death of the initiation, the beneficiaries holding the other shares can present the necessary legal documents to the Trust Alliance System.
DigiPulse is another platform that wants to make it easier to manage digital inheritances with a solution for storing and encrypting information on a blockchain. The encrypted information can only be accessed by prespecified recipients. DigiPulse is being developed around the notion that there’s technically no need to attorney service for the transfer of cryptocurrency assets in event of the demise of the investor.
DigiPulse adds an interesting feature into the mix in that it allows users to choose between keeping their identity anonymous and allowing their identities to be visible. DigiPulse, however, doesn’t seem to require beneficiaries to take any action before the inheritable assets can be transferred to them. DigiPulse uses its API integrations to measure activity signals. Once a pre-defined period of inactivity elapses, the smart contract will assume that you’ve passed on and the smart contract will execute to transfer the assets to your beneficiaries.
This article was originally posted on FX Empire
Original Publication: https://finance.yahoo.com/news/3-innovative-solutions-seamless-inheritance-105605673.html
TrustVerse.io: AI-Wealth Management & Digital Estate Planning Protocol
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.
“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?
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.
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.”
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.
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.
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.
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