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The goal of the SwissBorg project is to revolutionize wealth management through a community-focused approach to the sharing of ether and intelligence. SwissBorg will be a Swiss online bank offering customized crypto investment services, a community-focused online banking project.
SwissBorg's smart wallet solves two blockchain industry problems:
Public financial management: Compared with the previous services that only targeted a small number of high-net-worth individuals; SwissBorg wants to focus on the remaining 99.5% of public financial management. Taking the public as the market, providing the same services as high-net-worth individuals to those who have never enjoyed wealth management services.
Complexity of investing in digital assets: Through experiments, it is concluded that the currency market is chaotic, scattered assets, poor liquidity, insufficient security, and fragile infrastructure are all reasons for the difficulty of investing in digital assets. The launch of smart wallets will have high security, one-stop solutions for storage, investment, and transactions, and you can enjoy a variety of themed investment products such as smart investment, technical analysis, and market research through simple operations. Implement a comprehensive financial engine. Create a new era of blockchain wealth management.
Swissborg: Future Internet Banking Project
Imagine if a bank had no borders or restrictions and could provide everyone with the best financial advisory services and investment solutions; if in one place, through a series of asset services, From asset tokenization to derivatives and transactions, you can safely store and manage your private assets; would you be surprised if a bank, suitable for anyone, whether you are an individual or DAOs, has no minimum deposit?
To provide you with a new paradigm: financial advisors and investment managers will not operate privately for net asset appreciation, and have full transparency.
Technical Overview
Financial Advisors
Financial advisors have historically been a central stage in wealth management, translating clients' financial needs into investment solutions. Today, the historical value of financial advisors is gradually diminishing. Regularity and automation are changing the way we invest, store, move and monitor money and assets. Using the latest technology based on artificial intelligence, Swissborg aims to bridge the similarities and differences in financial advice thanks to our MAST (meritocracy, accessibility, Swiss-made and trustworthiness) philosophy.
From Robo-Advisors to Cyborg-Advisors
The robo-advisory industry offers hundreds, if not thousands, of solutions. Most of the solutions have simple, rule-based cases - if you say your age, risk tolerance, and goals, they'll work out a solution following the flawed Markowitz asset allocation model of picking a bunch of ETFs.
Since 2015, Swissborg has combined artificial intelligence for wealth management with models crafted by experienced hedge fund managers to create the next generation of intelligent bots. Extending our AI robo-advisor model to cryptocurrencies can give investors more control and freedom of choice over trading activities and risk management.
Smart Licensing
Blockchain technology has been linked to the financial crisis. Incumbents remain challenged in areas such as fund allocation, foreign exchange, settlement, custody, fund management or investment funds. Surprisingly, financial advisors have been an unexplored problem in distributed ledgers. We strongly believe that, at SwissBorg, advisors are a key factor in the success of investment strategies. Combining financial advisors and smart contracts, our competitiveness must be unique.
Competitiveness of SwissBorg
Investment mandates link financial advisors with investors within a legal framework. This mandate specifies a general philosophy and a set of constraints, including on how financial advisors invest in investor pools.
Investment authorization, like a custom "permission" private key, allows third parties to use the wallet following established rules (only allow withdrawals from specific addresses, etc...). While investment mandates are a powerful tool, investors generally see a lack of customer-centricity in them.
The project party has conducted extensive discussions on the limitations of the off-chain area through an experienced asset management investment team, private bankers and financial advisors. Combining our experience with smart contract technology, we have established a whole set of consulting framework: "Smart Authorization."
Artificial Intelligence Authorization
Artificial intelligence (AI) is embedded in our everyday lives: Maps calculate the best driving route, YouTube suggests your preferred videos, Facebook suggests adding a friend, LinkedIn shows job opportunities, web browsers make purchases Historically recommended products. These diverse industries have one thing in common: artificial intelligence.
Financial advice is based on simple models without analysis, and while the data exists, wealth managers struggle to capture and analyze it.
By using a distributed ledger and sophisticated deep learning algorithms, we can build a self-learning investment mandate: "Artificial Intelligence Empowerment." We will empower all financial advisors by integrating their clients' data footprints. Examples, including social media activity, searches, readings, frequency of console logins, etc., help financial advisors better understand and predict future behavior of clients. Each user's personal data will be protected by the blockchain, which is very safe.
The relationship between the client and the financial advisor remains a core stage of the "AI intelligently empowered mission". However, AI will take over more of the front-office functions so that advisors can devote more time to focusing on the needs of their clients.
Application scenario
Financial Services
Blockchain is revolutionizing around some services that are vital to any financial system and improving them in many ways.
Tokenization
Blockchain is the transfer of ownership of physical assets through the use of tokens. In this way, transactions in the real world are just as authentic and valid as financial transactions on the blockchain. This process is called "tagging".
The tokenization of physical assets such as diamonds, art or real estate is a key part of a holistic approach to wealth management. As DLT matures, more and more technologies will leverage asset credit histories. Financial advisors will help investors choose the right DLT to tokenize their real assets (legal, tax, anonymous, etc…). The ability to intelligently authorize will be further promoted in the process of tokenization. Investors will benefit from blockchain being used as a means of verifying their creditworthiness to enter into P2P loans.
Derivatives
The creation of derivatives is an important step in digital asset risk management. First, it can provide financial engineering of customized instruments to meet investors' needs in terms of timing, credit risk and hedging. Most derivatives will be created as pre-programmed smart contracts that capture both counterparty contracts (such as margin agreements or swap conditions) at the same time.
Exchange
The Swissborg financial backbone provides a global marketplace for retail and wholesale customers to trade any digital asset.
Reporting
When you buy coffee with your credit card, the record of your purchase is instant, but the actual transfer of the money from your account to the merchant can take days. The current settlement mechanism is riddled with a lot of redundancies and requires a series of messages to pass through all interconnected private databases.
Chatbots
Chatbots are artificial intelligence tools that provide answers to common customer questions. In the digital age, it is vital for businesses to use chatbots to become a standard for customer support.
Swissborg is a platform that combines the best of both worlds (on-chain/off-chain), relies on a decentralized banking backbone, and is built around community-centric values. On the one hand, individuals and DAOs rely on democratic, transparent and authentic investment services to better manage their crypto assets. On the other hand, investment managers and financial advisors use crypto assets and the best technology (blockchain and artificial intelligence) to better serve their clients.
Related links:
https://swissborg.com/
https://zhuanlan.zhihu.com/p/47838156
https://www.chainnews .com/articles/261148558247.htm