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
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
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)
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