Eternitas; Keep Your Will Unalterable by Third Parties - 2

in eternitas •  6 years ago  (edited)

If you're stumbling on this post for the first time about Eternitas, I implore you to read my Eternitas's introduction post.

Continuity on Eternitas; In the first post, I talked about the buzzing word "blockchain" and defined Eternitas. In this section, I'm going to be writing about the principles and benefits of Eternitas and how it works. Before then, let me iterate on the definition of Eternitas.

eternitas-will-creation.png

Eternitas is an award-winning French-German start-up founded by Dr. Milosz Matuschek with the aim to use smart contracts to create autonomous wills that cannot be altered and stored eternally on the blockchain. Eternitas uses the smart contracts to create automatized wills on the blockchain, execute the will and distribute assets to heirs in accordance with your wishes.

Innovation is about changing the way we look at things. Wills have been around for thousands of years and never really changed at its core. With eternitas we want to give autonomy back to the individual when it lacks the most: at the moment of death. Why leave your will in the hands of others if you can keep it in your own hands? - Milosz Matuschek - CEO & Founder of Eternitas source

Eternitas.io Benefits

Eternitas provides three major benefits namely:

  • Autonomy
  • Safety
  • Easiness

Autonomy: With the use of blockchain and smart contracts, you can create a will on Eternitas without involving third parties.

Safety: As I explained in the first part of this post that blockchain is immutable and unsusceptible to hacking, a will on Eternitas is completely secured and cannot be altered.

Easiness: Smart contracts are automated and act accordingly as they are programmed. Eternitas aims to provide a complete guide and intuitive UI on usage for it users, and without the involvement of lawyer or attorney for extra charges makes Eternitas easy to use.

How Eternitas.io Works

Eternitas.io offers simple concepts to create, execute and distribute wills on the platform which I will explain in details below.

  • Virtual testament.
  • Testament.
  • Transformation of the testament to the blockchain through smart contract.
  • Store it in hash on the blockchain.
  • Execution of the will.
  • Distribution of asset to the heirs.

Eternitas.io provides virtual testament (online template) where you declare your assets and who gets them, and testament for a handwritten will or whatever is legally needed. It transfers testaments to the blockchain through smart contracts or tokenized assets on the smart contract, stores it in a hash for maximum security, executes the will as it's instructed and distribute to the heirs as it was documented.

Advisors Team

Each name is linked to their various social handle.

HeaderHeader
Daniel JeffriesAuthor, Futurist and Thinker
Florian GlatzBlockchain.lawyer, President of Bundesblock (German Blockchain Association)
Dr. Philipp HackerResearcher at Humboldt University and UCL London
Xavier LavayssièreResearcher &Entrepreneur, University Paris II and Ecan.fr
Julian LeitloffCEO & Founder Fractal Blockchain (KYC/AML for ICOs)
Werner KräutleinFinum.Hybrid
Géry MoulasCo-Founder Leet-Design/e-bulle

Roadmap

According to the roadmap, public presale is planned January-March 2019. Alpha version is to be released June 2019 and Beta version March 2020.

Support Eternitas.io

Recently, Eternitas CEO Dr. Milosz Matuschek participated in a #TwitterPitch AMA (Ask Me Anything) section hosted by a well-known German Investor Carsten Maschmeyer for the growth and support of the project since it is still small and new. A few days later, luckily Eternitas was one of the selected winners as announced on this tweet.


If you really care for this stellar project, support it by donating to the following crypto addresses:

BTC: 1DiGG4P2LEcmLP6i8B9rbe3CCMYcKrfbfc
LTC: LbTJS2y95TXxeX1E6WYVzz8uqUgzwCWiL9
ETH/ERC-20: 0x1dFf6069832693f752fa8Ab3f84fC19C76a4A79F


This page explained details about Eternitas in German, however, you can use Google translator to translate it into your preferred language.

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Ooh! This is a really good project, I will support my quota in to it.