Think Google driver-less cars, but for your money!
Smart Investment Plans (SIPs) work like Merrill Lynch, Schwab, or Wealthfront, but are software programs that hold funds and are hosted on Ethereum instead of Wall Street.
Decentralized:
Customer portfolios are hosted on Ethereum. This means they are not deposited at financial institutions. This eliminates institutional systemic risks and only owners have absolute control.
Autonomous:
Since accounts and portfolios are programmable, they may be self-managed 24/7/365, and eventually be distributed to beneficiaries automatically if customers wish so.
Independent:
If customer SIPs 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 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 portfolios. Investment products and service providers may be replaced in seconds.
Better service:
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:
SIPs 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.
Lower costs:
Enhanced competition, no conflict of interests, and an efficient decentralized platform guarantees that autonomous portfolios will always pay the lowest fees and commissions.
Global:
From a reduced universe of investable products and portfolio managers, to a worldwide array of opportunities to enhance returns and diversify risks. The risk-reward ratio is more rational and portfolio management is ever more efficient.
Resilient:
Because SIPs run on a global, distributed, and cryptographically protected network, they are unbreakable, stand the test of time, and have no central points of failure.
Checkout the Etherplan pitch deck here >>>
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Contact us: info@etherplan.com
Etherplan Explained, by Donald McIntyre
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What is Ethereum?
Etherplan as a Mist Ether Wallet plugin
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