Blockchain / Crypto Trust Services

Unita Finance & Fiduciary Ltd. is convinced that blockchain technology will strongly influence our future in everyday life. It will be applied for existing processes in everyday life as well as for future business transactions. We deal proactively with this topic and have a network of different experts in the field of blockchain technology at our disposal. Our goal is to optimize the business processes of our customers, to advance innovations and to increase efficiency in order to create competitive advantages.

Initial Coin Offering (ICO)

An ICO (Initial Coin Offering) is the digital response to the classical initial public offering (IPO). If you are looking for a new financing model for your start-up or for your expansion plans, an ICO is a modern alternative to the traditional capital market.
We support you with the necessary expertise and coordination of your ICO. In doing so, we put together a team from our network that is individually tailored to your needs and manage and/or monitor the financing project. Our ICO services at a glance:

  • Strategy Consulting

    • Review of the overall strategy regarding completeness and necessity
  • Structure & Tax Consulting

    • Choice of the most suitable legal form
    • Establishment of a company
    • Examination of tax structuring options
    • Preparation of tax assessment and correspondence with the tax administration
    • Analysis and consulting from an accounting perspective
    • Organizational consulting, risk management and compliance
    • Structure of the internal control system (ICS)
  • Regulation and Finance (partly by external lawyers)

    • Advice on further legal actions (patent law, data protection law)
    • Support in communication with the authorities (e.g. FINMA)
    • Regulatory classification of your business model
    • Monitoring and implementation of KYC processes for the purpose of fulfilling AML obligations
    • Preparation of company valuations according to various valuation methods
    • Preparation of business plans for the White Paper
  • Technology and project consulting (by external IT partners)

    • Evaluation of Smart Contracts
    • Troubleshooting and finding vulnerabilities in the source code of your Smart Contract
    • IT process audit
  • Accounting with crypto currencies

  • Tax consulting for investors in blockchain assets

  • Escrowing for ICO’s

What is Blockchain?

The big advantage of a blockchain is that it offers the possibility to exchange data and digital currencies without the need for a basis of trust. Basically, the blockchain is a database of transactions that uses a decentralized network of computers (“nodes”). Each “node” in the network keeps a record of all transactions carried out and works on confirming further transactions.

How does a transaction work on the blockchain?
  • Transaction is requested and sent to the network

  • Transaction is checked by the network and combined to a new block which is added to the existing blockchain

  • Transaction completed, saved and confirmed

Peer to Peer:

Monitoring of the transaction by a third party is not necessary.

Open Source & Transparency:

All transactions are public and the entire network is transparent. The blockchain can be checked at any time.

Unchangeable:

As soon as a block is added to the blockchain, the transaction can no longer be revoked.

Boarderless:

The databases are globally distributed and do not know any national borders.

24h / 7 days:

Transactions are not bound to the business hours of the service providers and can be validated around the clock.

Crypto currencies

Crypto currencies such as Bitcoin, Ethereum, Ripple or Litecoin are by-products of the blockchain technology. In their simplest definition, crypto currencies are virtual currencies traded over their own decentralized network. In a process called mining, “nodes” confirm the transactions in the network by solving mathematical puzzles. The owner of such a “node” receives a reward in the appropriate crypto currency for confirming the transactions. The value of crypto currencies is very volatile, which has led to considerable market speculation. The following link gives a good overview of the prices of the crypto currencies: https://coinmarketcap.com/

Smart contracts

The term “Smart Contract” refers to computer programs that are able to implement agreements with the help of blockchain technology. The terms of the contract are set out in the code as conditions and instructions. The program itself is recorded on the blockchain, making it irreversible and resistant to censorship. The program can also control blockchain assets. This means it can store and transfer amounts of crypto currency. Its main goal is to enable two parties to trade without intermediaries.

Benefits for the company

Various tech companies such as Uber, Airbnb and Kickstarter have proven that the sharing and crowdfunding industry is a success, but users of these platforms are always dependent on an intermediary. Blockchain, however, opens the door to direct interaction between customers and service providers, partly because it enables peer-to-peer payments. And this is precisely where the potential lies for the development of a fully decentralized sharing economy. Blockchain technology, however, offers several other application areas that are already in use today. Here are a few examples:

Combating money laundering / KYC

The cost of identifying the origin of customer funds in the KYC (Know Your Customer) process can be reduced by cross-institutional customer verification, while at the same time increasing the efficiency of monitoring and analysis.

Intellectual property / patent protection

The illegal copying and redistribution of files is reduced by automating the sale of creative works online and protecting copyright through intelligent contracts.

Supply Chain Management

Thanks to decentralised business books, it is easy to check whether the background information, such as the origin and quality of the products purchased, is true.

Energy industry

Blockchain enables a cost-efficient trading of renewable energy, which is produced for example in the neighbourhood networks and small communities.