One more important leap to the final product: Eternal Trusts establishes close collaboration with Forseti

When the development team of Eternal Trusts was initially designing its smart contracts architecture, Forseti caught their attention very early on, as a unique decentralized arbitration & mediation network and a reputation protocol suitable for every imaginable use case of Eternal Trusts. Forseti became part of the ET architecture as one of the crucial elements that form a distributed environment for the system of Oracles. Now, we are very proud to announce that the team behind Forseti has become our close development partner.

Forseti was founded in 2016 by a team of experienced blockchain developers and frequent hackathon winners. It provides a complete decentralized solution for use cases where a fair dispute resolution, external data collection and its verification on the blockchain are required. By integrating the Forseti protocol, Eternal Trusts can build an infrastructure for Oracles with the utmost level of optimisation and security. This infrastructure will function as the mechanism for assuring the quality of contract execution and selecting the most optimal sets of suitable providers that can fulfill the settlors’ purposes.

The decentralized network of Oracles and mechanisms that determine their reputation and reward will ensure that the smart contract system of Eternal Trusts is adaptable to the volatile world and safe against collusion and malevolent actors. By integrating Forseti, Eternal Trusts becomes at the same time autonomous and decentralized, but highly adaptable to the changes in the external world.

Our blockhain architect Alexey Pupyshev said:

“The partnership with Forseti allows us to create a custom solution for Eternal Trusts smart contracts architecture. We will closely collaborate to integrate Forseti with EOS and Hyperledger and build a robust smart contract infrastructure for the Oracles subsystem of the platform. Also, Forseti as a team with a large hackathon experience will take a crucial part in preparation of our own hackathon.”

Using Forseti is a key step on Eternal Trusts mission to creating an enhanced and fully autonomous alternative to trust services for the crypto world, where purposes are not limited to simple tasks of asset redistribution but can include complex scenarios. The deep expertise in finding optimal solutions that will be provided by the Forseti-based system of Oracles is what will allow Eternal Trusts to outcompete, disrupt and eventually completely revolutionize the traditional trustee system that still today works on centuries-old principles.

We invite you to join the Eternal Trusts whitelist. The offer is limited!