ETERNAL TRUSTS

Eternal Trusts is a blockchain platform enabling autonomous, deferred purchases of emerging biomedical as well as other services not available.

MISSION

Hopes and ideas of people should not vanish and be forgotten
with time: it is important to preserve present generations' financial, intellectual, and biological heritage and make it matter in the long-term. Nowadays, one of the few methods to guarantee that a person's legacy can have a lasting influence is setting up a trust fund, a special type of legal agreement that provides a trusted third party with the right to hold and spend assets for the benefit of the trust settlor.

Eternal Trusts combines hybrid intelligence and smart contracts to make the traditional trust funds and fiduciaries obsolete. It represents a decentralized and autonomous financial means to make a long-lasting impact. The "eternal" wallets of ET are built on a blockchain and can operate for centuries, turning to expert voting when needed to seek the best providers to perform the purposes set by their settlors.

THE ECOSYSTEM

A client contacts Eternal Trusts, passes the KYC-AML procedure, acquires the desired number of tokens. Eternal Trusts create a legal infrastructure (paid with Fiat) and a draft smart contract (paid with Tokens).

Independent contractors help to breakdown the global objective into components. Elements of the global objective are written into the smart contract (the client pays with Tokens).

The smart contract publishes the anonymized set of goals on the marketplace, where they are kept in free access to providers for application (the client pays the platform with Tokens). Once, the publication of tasks is paid for, access to the list of clients’ tasks is free.

Participation of nodes that maintain decentralization of the blockchain (Eternal Trusts pay with Tokens).

The marketplace provides analytical data on the most popular tasks. Development teams and potential providers can purchase these data (the potential provider pays with Tokens) to identify the most promising areas of development.

A third-party service automatically searches for suitable providers to fulfill the goals set out by clients. Services are paid by Eternal Trusts (with Tokens).

Providers ready to offer a solution register the service on the marketplace, undergo a rating procedure, and optionally get assigned a special status (the provider pays with Tokens).

The provider, chosen according to the algorithm, is redirected to the platform to secure the deal and execute the transaction.
The platform extracts the necessary data about the customer from the smart contract and about the provider and the services it provides from the registration info, and adds them to the final version of the smart contract.

The smart contract is subject autonomous execution in accordance with the conditions laid down therein. Upon execution of the smart contract, payment for the provider services is performed (the Trust pays on behalf of the Client with Fiat, ETT or cryptocurrency).

THE BLOCKCHAIN

Our MVP currently runs on the Ethereum platform, but eventually we plan to completely switch to our own blockchain. We analyzed over 70 different platforms and came to the conclusion that none of them meet our requirements in full.

The architecture of our project cannot be implemented on existing platforms in its entirety, as we require a platform capable of serving 100,000+ customers, creating more than a million smart contracts and storing more than a million goals to be autonomously executed. We need not only to store the smart contract and the transactions themselves, but also large documents tied to the smart contract.

The requirements for our blockchain are as follows:

• Storage of large arrays of encrypted legal documents linked to the smart contracts of our customers, with minimal load on the network.

• The cost of a transaction should take into account interactions, such as financial transactions and multi-threaded calls to smart contracts when checking the feasibility of an objective and recording data on communication with potential providers.

• Bytecode compilation of smart contracts.

• High-speed transaction processing.

• Decryption of the document tied to a client’s smart contract, when successfully verified.

We are creating two blockchain platforms:

Global Trusts Goals (GTG) : This is an open, decentralized blockchain platform for publishing objectives, selecting potential providers and signing deals. It is based on a neural network; the ET protocol, smart contracts, and third-party services are accessed through an API.
Global Trusts Crypto (GTC) : This serves to maintain the transparency and trustworthiness of transactions. It records all financial and token transactions. At the same time, they all have a tight binding to the GTG blockchain, i.e. objectives, providers, and clients.

MINIMUM VIABLE PRODUCT

Our MVP is to be located on the website on the 15th of April 2018. It is a platform for securing deals and executing transactions aimed at achieving the objectives set out in the client’s smart contracts, which are stored in the blockchain. The purpose of the platform is to maintain an independent iterative process associated with the acquisition of products and services necessary for the client. The time constraints of the service are determined only by the smart contract parameters; the deferred execution of the assigned tasks is inherently incorporated into the functionality.

The anonymized tasks of the projects taken from their smart contracts are openly posted on the platform.
Potential contractors are free to access the general list of available tasks. Structured information of the most sought-after services is available on a subscription basis, as well as quantitative and qualitative indicators. Potential providers can register on the platform and undergo a rating procedure. The rating score of a provider is conducted using third-party services. Providers that underwent the registration procedure can present their services pursue any of the publicly available tasks. The choice of provider is made by a specialized third-party service according to an algorithm that takes the rating into account.

After the choice is made, the data about the client, the provider, and all the key conditions of the smart contract for automatic execution are written into the system. The smart contract is stored in a distributed ledger.

TOKEN DETAILS

Token Name: ETT

Platform: Ethereum

Type: ERC20

PreICO price 1 ETT = 0.01 USD

Price in ICO 1 ETT = 0.021 USD

BONUS Pre-Sale: 50%

Tokens for sale: 1,950,000,000

PRE SALE

22 March — 30 May 2018

Initial price 1 ETT = 0.01 USD

Tokens for sale: 200’000’000 ETT