Eternal Trusts vs Traditional Estate Planning
11 May 2018 Ilya Sapranidi
As part of the Carboncopies Foundation’s ongoing effort to build and maintain an international network of companies, institutions and labs engaged in projects of high relevance to whole brain emulation, our researchers identify new startups that address relevant issues: this includes an evaluation of companies that focus on problems of individual access to new technology and problems around economic support of necessary research into emerging technologies.
Those problems are among the most frequently asked questions posed in media inquiries and by the interested public: how will the necessary R&D find sufficient financial support, and how can a resulting technology for mind uploading become economically feasible at large scale? How can people afford such a procedure, and how can those alive today reap the benefits of these future technologies when they may still be years away from readiness?
Eternal Trusts (https://eternaltrusts.io/), an emerging startup that caught the attention of the Carboncopies Foundation, aims to provide a full-fledged solution to those problems through a novel combination of legal and technical processes. Using machine learning algorithms, special legal infrastructures called purpose trusts, smart contracts, and long-term asset management, the Eternal Trusts objective is to guarantee that anytime a new technology-based service from a reputable provider reaches readiness, it is automatically included in a client’s treatment portfolio where it is the optimal fit to a client’s aims.
The service is intended to be an optimizing fit for planned and complex deferred sequences of treatments for biomaterial, with an algorithmic approach to future service acquisitions, such as cloning, reanimation after cryopreservation, or mind uploading. Within its experts network, Eternal Trusts is informed by the Carboncopies Foundation about progress and directions in brain preservation, neural prostheses, neural interfaces and brain emulation technology.
If you are interested in helping the project, one of the ways is to take part in a survey. Eternal Trusts aims to become a “hub” for the dreams and wishes of humanity, and for that reason they recently began collecting personal long-term dreams and wishes, which cannot be immediately fulfilled, but are technically feasible in the future. Please be aware that you will be asked to sign up to submit your response: https://eternaltrusts.io/cabinet/bounty#step-1
If you have any questions or wish to provide feedback, you can chat with the team on Telegram (please tag @kirillsil or @sapranidi): https://t.me/eternaltrusts
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.
Steps
Eternal Trusts is a decentralized autonomous organization (DAO) that connects several pools of experts working together to fulfill your long-term objective.
A Settlor formulates a long-term Purpose
One becomes a Settlor within the Eternal Trusts ecosystem by purchasing ET Tokens. This initiates the process of decomposing the objective into multiple smaller tasks and storing it on the blockchain until a solution arises.
Oracles vote for the best solution.
A randomized pool of Oracles, consisting of experts, organizations, and AI-algorithms, regularly votes using smart contracts to select the most optimal portfolio of solutions for the purpose.
Providers compete to fulfill the Purpose.
Providers, consisting of companies in fields related to the Purpose, compete to fulfill it in the most optimal way.
The Purpose is fulfilled optimally.
Oracles choose the most reliable Providers and ensure that the purpose is fulfilled with the highest degree of quality.
About Us
KIRILL SILVESTROV - CEO | Investment banker with more than 15 years of experience on C-level positions. Portfolio investor in biotech companies. MBA from INSEAD business school.
Our advisors
RANDAL A. KOENE - Biomedicine | ROBIN HANSON - Finance - associate professor of economics at George Mason University, and research associate at the Future of Humanity Institute of Oxford University. He has a doctorate in social science from California Institute of Technology, master's degrees in physics and philosophy from the University of Chicago, and nine years experience as a research programmer, at Lockheed and NASA.
Website
https://eternaltrusts.io/