Ever since starting my blockchain life, I've been wishing for a great way to conveniently delegate portions of my crypto-funds to people that seem to know what they're doing. All without any possibilities of accounts running away with my funds. Personally, I believe there are no real experts in trading and investing, at least not all the time. People are imperfect, but they can be close to perfect at the right time and at the right circumstances. World events are incredibly complex, and capital effectiveness pretty much depends on our personal requirements that span from short to long term returns.

If you were investing in eco-green stuff more than 20 years ago, chances are most of your investments didn't see the light of day. It just wasn't the right time, although there was a very slim chance that you happen to bet on the right horse that survived through the decades and is thriving today. Suffice to say there's plenty of luck involved in all of these. However, communities and socially-infused investments made possible by technology these days could really change the game for the better. Sure it has the weakness of over-hyping stuff with little to no substance, but on the flipside, it adds a level of accountability and also, exposure to projects that might deserve it.

Plus, asset management is an important activity that most mainstream users don't get involved in. Also, consider that disclosure effectiveness isn't a thing that is easily solvable with so much noise and so many choices in the market. One elegant way to solve this problem is to diversify trust of asset management in a reputation and stake-based environment. If you take a look at where the world is progressing, take note that Telco-Banks are really going to be a big part of the future. STEEM / Steemit might be a unique manifestation of this future business.

So here's an idea for an app, smart-contract, or whatever you call it.

App Mechanism

Not an expert in these kind of things, but a brief outline on my thoughts about some of the processes:-

• Send X amount of STEEM to an account with a formalised memo to establish fund management rules and constraints. Such an action effectively delegates another account as manager of said funds. Obviously, some smart-contract should somehow protect the investor from any possible fraudulent acts and conflict of interest coming from the fund manager. On the bigger scope of things, we should also be able to delegate entire communities that collectively manage funds, or sub-delegates to individual community members for such activities.

• With so many different blockchain technologies when it comes to exchanges, I'm not entirely sure how this can be done for a wide spectrum of digital assets, blockchain-based or not. The smart-contract involved obviously needs to be compatible, or have effective interfaces / connections with exchanges. Maybe the solution is much simpler than what I'm trying to express here, and I'm certainly in the fog on this matter. But I hope you get the gist of it.

• Maybe what's better is a smart-contract that mirrors account trading / investing activities without actually giving them the fund. "Fund managers" in this way get to earn from sharing data on related activities.

Benefits for the STEEM community

Diversification of funds with the option for re-investment in STEEM. Everybody wins. Also, Steemit can align part of itself as a social hub for digital assets management. It'll be great if accounts can delegate certain percentages of their funds and earnings to make their STEEM work for them. Maybe even by default at 10% to the most popular / profitable account (or even community).

Why use STEEM as the platform?

Well I'm not entirely sure about this, but I'll state some of the obvious:-

• Zero transaction fees, 3-seconds blocktime.
• Seamless, frictionless, and delegations can be executed frequently. I think consumer flow is a big part of the future.
• Steemit as a social hub may be effective and complementary to fund management activities.
• With BTS as a natural ally, could the DEX (Decentralised Exchange) be an elegant solution for the app / smart-contract's effectiveness?
• You fill in the blanks..

Possible projects to learn from

From my limited experience, here are some projects that we may be able to learn from (or better, work together):-

• https://iconomi.net/
• https://taas.fund/
• Extra: http://www.santiment.net/ (something about monetising the transparency of user sentiments on the STEEM blockchain here, despite the possibility of false / manipulated signals)

---

_{Follow me @kevinwong}