Etherplan is a global wealth management network that lets people connect their friends, family and advisors to manage the full life cycle of their smart portfolios on the blockchain.
Smart Portfolios (SPs) are software programs that hold funds and are hosted on the blockchain instead of the financial system.
SPs are also structured as Revocable Living Trusts providing control and continuity through the full life cycle of people’s wealth.
Customer SPs are hosted on public blockchain networks like Ethereum. This means they are not deposited at financial institutions which eliminates institutional and systemic risks and only owners have absolute control.
Since SPs are programmable, they may be self-managed 24/7/365, and eventually be distributed to beneficiaries automatically if customers wish so.
If customer SPs are separated from Wall Street, this means that Wall Street has to come to them instead of the other way around. Therefore, healthy competition is naturally promoted for customers’ business.
No vendor lock-in:
Since they are independent, there are no barriers to change providers and select the best-in-class at any time for any portion of the SPs. Investment products and service providers may be replaced in seconds.
In an environment of enhanced competition and flexibility to change, financial providers need to offer their best services possible to keep customer’s business.
No conflicts of interest:
SPs are incorruptible software programs controlled by their owners. They have no self interest and financial providers cannot convince them to buy or use services that benefit them instead of customers.
Enhanced competition, no conflict of interests, and an efficient decentralized platform guarantees that autonomous SPs will always pay the lowest fees and commissions.
From a reduced universe of investable products and portfolio managers, to a worldwide array of opportunities to enhance returns and diversify risks.
Because SPs run on a global, distributed, and cryptographically protected network, they are unbreakable, stand the test of time, and have no central points of failure.
Read our vision on our blog >>>
Etherplan Explained, by Donald McIntyre