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Octowill Digital and Assets Management – 21st Century and Beyond

October 23, 2018 sasidharan 3 min read No Comments

Octowill Digital and Assets Management – 21st Century and Beyond

October 23, 2018 Sasi Dharan 3 min read No Comments

Everyone understands that death is unavoidable in life. They also understand the importance of ensuring the wellbeing of their loved ones. Everyone invests to provide a better life and financial freedom for themselves and their loved ones. Someone needs to ensure that their wealth reaches their beneficiary in the event of death.

Our Solution:

After carefully studying the critical points of the industry and understanding problems faced by asset holders especially digital asset holders, we designed a solution for the inheritance of these assets through our integrated system called Octowill. We use cutting-edge technologies like blockchain, public cryptography, asymmetric decryption, smart contracts and multi-signature to address issues in inheritance and asset management.

Our Integrated system deployed on blockchain allow asset holders to put pre-defined process and procedures to ensure transfer of their wealth takes place seamlessly, automatically and without interference from the third party. The process is completed without unreasonable loss of time and value to intended recipients. It is a fully automated process executed on the blockchain.

The ultimate goal of Octowill is to provide a commercially viable and secure inheritance service made accessible to holders of all asset classes across the globe. Globally everyone can ensure a safe beneficiary nomination and transfer their assets to those beneficiaries via the seamless process of technology.

Who we are:

We are part of a corporate firm licensed by the securities commission and involved in distressed asset administration protocols and estate management services. Our global presence is extending. Also, we are strategically positioned in software development and blockchain application capability.

We provide a non-complicated, fully automated, simple to apply and non-invasive asset and wealth assignment as well as inheritance service on the blockchain

We foresee a future where the appointment of beneficiary becomes a regulated and mandated feature for investors in every field. It allows for the protection of investment and holdings. It provides the ability for asset holders to pass it on to their loved ones effortlessly.

Octowill verifies the validity of claims and helps beneficiaries to receive assets in accordance with testators instructions. This service is fully automated on Blockchain. Octowill helps to remove elements of fraud and eliminates false and unauthorized claims thus providing Investors and their beneficiary the most secure transfer protocol available to date.

There are many ways to achieve this. The fundamental feature is the customer’s preference for a safety net to protect his or her investment while meeting legislative requirements. While some primitive state laws require physical presentation and signing of the WILLs and documents, many countries are beginning to adopt digital, cryptographic, electronic encryption signatures as an acceptable form of authentication. Our services on Blockchain is divided into several segments in addressing these issues.

Why Blockchain is needed:

Blockchain technology enables greater transparency, enhanced security and improved traceability. Cryptography is also known as asymmetric decryption methodology, where Public and Private keys are used to authorize transactions. Smart Contracts are similar to real life contracts, where rules and conditions are embedded in it. These sets of rules and conditions will be authorized through Public cryptography and executed by Blockchain technology.

The blockchain is a decentralized technology:

It uses state-of-the-art cryptography, so if we have a global, distributed database that can record all transactions into a decentralized ledger. The idea of a distributed database established through mass collaboration and smart contract is more secure rather than through a powerful institution that does the authentication and settlement. Blockchain technology has built-in robustness. By storing blocks of information that are identical across its network. The Blockchain technology cannot be controlled by any single entity and has no single point of failure.

Sasi Dharan

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