Cook Protocol – A Protocol for a Decentralized Wealth Management Platform
Cryptocurrencies are adjudged to be currencies of the future because they create an even system for everyone to benefit from them.
Gone are the days you need to queue in a bank to make transactions. A few years from now, paper money wouldn’t be valued as much as cryptocurrencies are.
As much as cryptocurrencies and other forms of digital assets are booming, it doesn’t mean that everyone is benefitting from that. Millions of people all over the world are yet to learn about Bitcoin and are yet to understand just how important digital assets could be to their finances.
It is imperative to start teaching financial discipline as it pertains to digital assets. The Cook Protocol is a protocol based on blockchain technology. It wants to be the primary protocol that would make access to digital wealth easier for everyone.
This is a better time to democratize access to digital assets, and there may be no better way to do that than via the variety of solutions offered by the Cook Protocol.
Problems Resolved by the Cook Protocol
The inputs of blockchain technology make a difference in many industries, including the financial industry.
You should expect something similar (and even better) from the Cook Protocol.
Below are some of the existing problems in the global asset management industry, and how the Cook Protocol will smoothen the rough edges.
Sophisticated Blockchain Solutions
Asset management is taking a new shape with the introduction of blockchain technology. However, blockchain appears to be complicating the expected seamlessness in asset management.
In place of that, what is obtainable these days is the most sophisticated and technically obscure blockchain asset management solutions that would leave the asset managers more confused.
To address that, the Cook Protocol launched an Ethereum-based decentralized asset management platform that is simplified for amateur managers and accurately optimized for professional asset managers.
Open to Everyone
The overall goal of blockchain technology would be defeated if it wasn’t open for everyone to use.
In the traditional asset management industry, access to the asset management markets is usually limited to both institutional and wealthy investors and managers.
On the contrary, the Cook Protocol makes access to the decentralized asset management market open to everyone.
By that, you are confident that you have equal opportunities as institutional investors and bigger asset managers like Grayscale.
Another impressive undertone to the globalization of the Cook Protocol asset management platform is that the hefty fee structures and inherent structural inefficiencies on traditional markets wouldn’t be a problem.
Guaranteed Asset Safety
Another reason why I am impressed by the Cook Protocol’s decentralized asset management market is that the security of Assets Under Management (AUM) is assured.
To that end, fund managers, will at different intervals, be restricted from having overt access to funds so that the security of the funds and the transparency of the underlying assets would be upheld.
Managing assets, especially digital assets will now be simpler via the decentralized asset management platform conceptualized by the Cook Protocol.
In this new asset management platform, the chances are high that even wealth distribution and better asset management will be upheld.
Authored by Anexxty009