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Octowill.io

inheritance Management on Blockchain Technology

Singapore
Market: Services, Blockchain, Crypto currency, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 07.04.2020
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Idea

Transforming the archaic practices of Inheritance Management using Blockchain. Writing a Digital WILL and assigning beneficiaries for Traditional, Digital & Crypto Assets using blockchain principles and technology.

Blockchaining - Execution, Escrow, Trustee & legal services & custodian specific to Inheritance and Legacy management services.

refer project details and current developments as well as the road maps on the website

Current Status

Current Roadmap
- Traditional Will Module
Completed the customisable Will writing Portal for Traditional Will and appointed several Master Agents in Malaysia & Singapore (trainings are underway)

- Digital / Crypto Asset Module
Completed a Initial Stage Build up of the Crypto Asset Beneficiary Module
Completed stage 1 of the Will writing Module for Digital Assets.
Launch platform & Customer Acquisition Modules are completed.

Market

Traditional MarketMarket Opportunity
- $5 trillion Wills & Trust market in Asia
- $12 trillion Wills & Trust Global Market
- $ 430 Billion Unclaimed Money

Digital Asset Management (DAM Market)
-The digital asset management DAM market is estimated to grow from USD 2.44 billion in 2017 to USD 5.66 billion by 2022

Problem or Opportunity

Problem Statement
- 70% of individuals have no Will and estate planning
- Will & Estate Business has shady reputation
- Process from estate planning to execution is disjointed
- Billions are lost annually due to unclaimed estates
- Will & Estate are in archaic low-tech form currently
- No sufficient set up to accommodate growing digital currency


Market Opportunity
- $5 trillion Wills & Trust market in Asia
- $12 trillion Wills & Trust Global Market
- $ 430 Billion Unclaimed Money

Solution (product or service)

Our Solution
- An efficient, combined cradle to grave solutions on Blockchain
- Octowill will disrupt and revolutionize the Inheritance Management industry
- Our Solutions:-
Writing of a Will on Blockchain
Will Maintenance
Pulse Search & Proof of Life System
Claims Administration
Custodial & Asset Management
Settlement of Inheritance Tax
Execution of the WILL on Blockchain
Disbursement to Beneficiaries
Reporting & Audit

Competitors

Potential Competitors & Alliances on Blockchain (please refer to their website)
1- Eternal Trust - https://eternaltrust.io
2- C2 Legacy - https://c2legacy.io
3- Octobase - https://octobase.com
4- Acropolis - https://akropolis.io
5- Tihosay - https://tihosay.io
6- Heir - https://heir.io

Advantages or differentiators

Other competitors have not advanced to Octowill level in terms of product development, some of them have gone dormant and non-competitive.
- Octowill is ahead of the pack in product development & system rollout

Our advantage:
- Self Funded up to now
- Revolutionary Vision and Strategy
- High level of Industry expertise
- Blockchain implementation has high future traction
- Top management
- First taxi on the road & pioneer advantage

Finance

Projected Revenue (in 000’s)
2021 - 8,565
2022 - 25,626
2023 - 60,715
2024 - 139,597
2025 - 317,110

Projected Profit (000’s)
2021 - 5,506
2022 - 21,864
2023 - 56,648
2024 - 135,163
2025 - 312,439

Business model

- Exchange Partnership (500+ exchanges)
- Direct Customer Acquisition (Crypto & Traditional)
- Agency Collaboration (Master Agencies)
- Strategic Partnership (White Label)
- Global Services Alliance

Money will be spent on

1- Intensive Marketing & Customer Acquisitions
2- Continuous Product Development
3- Global Partnerships Creation
4- Exchange Partnerships
5- Administrative Cost

Offer for investor

Options:

Currently there are no Major Investors in the Company. All fundings to date are self funded by the Founder, We are prepared to offer the following options to the Investor

1- Equity Partnership
2- Purchase WILL Coin as Investment Tool (exit at fixed intervals)

Team or Management

Risks

Minimal Risk to the Investor as Octowill has already developed the prototypes and testing the Market. There are no Major Competitors as to Octowill project. The market segment is wide and is very profitable.

Incubation/Acceleration programs accomplishment

2018
Q1 - Conceptualisation
Q2 - Business Formalisation in Singapore
Q3 - White Paper & Websites
Q4 - Infrastructure & Platform Architecture Design

2019
Q1 - Blockchain Layer 1 Development
Q2 - Proof of Life System Concept Development

2020 - up to date
- CAMS release v1.0
- Will Module for Traditional Wills v1.0
- Exchange Partnership Module - for Digital Asset Will

Won the competition and other awards

We have not participated in any competition or presentations up to now,
as we want to build the fully deployable system on Blockchain before presenting it to the market.

Invention/Patent

1- Proof of Life system
2- Blockchain Inheritance
3- Octowill Brand

Photos

Photo 1 - inheritance Management on Blockchain Technology

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video