The invention of Blockchain technology has brought about great developments to each industrial sector. It is inarguably the greatest invention of all time as it admittedly brings positive vibe into the table. As with burgeoning technology, blockchain development solutions offer both new benefits, and a few challenges on its own that we must overcome. One of this challenges is how our assets can be managed effectively.

What is Asset Management?

Assets management is a process of developing, operating, maintaining, and selling assets in an efficient way. Assets management is commonly used in reference to finance, where an asset management firms manage funds for individuals and companies. They manage their assets using a well financial systemized approach. They also make good investment decisions on behalf of clients to increase their portfolio.

Assets management is a process of developing, operating, maintaining, and selling assets in an efficient way. Assets management is commonly used in reference to finance, where an asset management firms manage funds for individuals and companies. They manage their assets using a well financial systemized approach. They also make good investment decisions on behalf of clients to increase their portfolio.

Working with the group of investors, asset management firms can use clients funds to invest in a tangible businesses. Of course, with higher amount of funds brought together by investors, asset management firms can easily invest in properties, shares, bonds and other assets depending on the financial objectives of their clients. This would in turn result to higher return of investments to the firms and clients.

This had obviously improved productivity and efficiency which makes businesses to have an increase in return of investment. This is a very great financial tool that had been in existence for the past years. However, the traditional ways of managing assets is becoming frustrating as it needs modern intervention to eradicate problems attached to it.

Risks Attached to Traditional Assets Management :

Lack of transparency
High cost of service
Improper risk management
Improper operation
Sub-optimized asset management systems
Not knowing what the firm has
Over or under maintenance

Traditional asset management is stressed over the guardianship and adventure of plenitude. Asset the board bundles revolve around giving endeavor direction and action that change well to their client's risk and return profile, and perceiving how the collection of theory things and their specific financial circumstances play into this condition is totally a task that merits re-appropriating. Be that as it may, the area of the asset the board business is flooding with moral danger. These risks start from the information deviation between asset the chiefs specialists and their clients.

Traditional asset management markets are foggy in pay, advantage, and threat information. They are typically confined to well off private and institutional clients in light of inborn essential disappointments and solid charge structures. Blockchain-based bounty the heads gives a promising alternative considering the open and clear nature of blockchain development.

Regardless, existing blockchain courses of action are regularly unreasonably refined and really dim for normal theorists. Also, none of them gives the major hypothesis gadgets to capable resource chiefs to deftly do an arrangement of frameworks.

To deal with the recently referenced troubles, we are making an Ethereum-based decentralized asset the board stage to give ordinary monetary experts capable asset the heads organizations.

So, What Is Cook Protocol?

Cook Protocol is a transparent and flexible asset management platform which brings together investors and asset management service providers in one ecosystem. In this platform, investors can easily monitor a manager’s fund allocation without having to worry about being duped or manipulated.

Also, fund managers can make use of Cook Protocol to carry out any investment strategy without needing to give away the strategy. These are all possible, thanks to blockchain and smart contract technology employed by Cook Protocol.

Cook Protocol was set up on the conviction that everyone needs to move toward cash. We battle that decentralization holds the best approach to empowering people around the world to all the almost certain arrangement with their assets, and we are helping the world advance toward this way by enlivening the change to accepting decentralized record.

How The Cook Protocol Works?

In the cook Ecosystem, all investment fund provided by an investor is changed to a CK token proportional to the fund contributed through the fund smart contract. The investor can choose to exchange it back and sell off at anytime but for investment to be managed by a fund manager, assets provided by the investor needs to be changed to CK token. The idea of using CK token for trading among investors is to provide convenience and minimal transaction fees.

A fund manager starts an investment plan by stating his/her investment strategy and fees structure for investors, accept assets from investors ready to invest then access the lists DeFi protocols on the cook Ecosystem available for managing investors funds. Fund managers will pay 2 % of funds has management fees, but they do not need to pay to the platform when trying to withdraw funds managed in COOK tokens.

Cook Protocol enables fund managers to make their own investment plans in other to attract investors. After a plan has been made by the manager, funds are collected from investors into a fund smart contract to allow fund manager get access to funds, trade with trading tools and manage funds of investors with the suitable strategies and trading tools.

Why is Cook Protocol Using Blockchain Technology for Asset Management?

To be candid, the use cases of Blockchain is diverse, and if you ask me if its applicable to assets management, I will tell you, its undebatable! Some of the reason why Cook Protocol is exploiting the power of Blockchain for asset management are but not limited to;

Improved Security – As it is well known that Blockchain is impervious to security breach, in fact, its unhackable. Blockchain offers improved data security to asset management. Compared to other conventional security measures, Blockchain software offers not only security, but also an immutable record of all transactions. Data breach on a central database is easily eliminated on Blockchain.

Also, data tampering is almost impossible. To hack a financial records on a blockchain, you need to have access to private keys of individuals, without this, nothing like hacking is feasible. Basically, private keys can never be feasible to anyone aside the owner. Therefore, Cook Protocol had recognized the fact that blockchain can bring trust into the system by creating impenetrable security.

Improved speed – Trust me, not only that blockchain is secured, it can be also fast. Blockchain can provide near-real-time performance in asset tracking, thereby, allowing fund managers to take quick and good decisions on client’s portfolio as when required.

Smart Contracts – Smart contracts are short blocks of codes brought together to automate a specific tasks. In Cook Protocol, smart contract will execute automatic triggering of sale of funds, based on the rule set by the investors, which serves as a fulfilment of a contract between the fund managers and clients. Therefore, smart contract will eliminate the likes of "middlemen" and consequently making contract and rule-based executions automatic and nearly instantaneous.

Regulatory Compliance– in Cook Protocol, everybody has the opportunity to financial services and tools. Government and industrial regulations will be a thing of the past. Using blockchain; speed, transparency and traceability are certain. Therefore, auditing financial transactions using blockchain will provide not only a financial details, but also creating date, time stamp, and a digital signature which cannot be altered.

Increased Operational Efficiency – With the speed of Blockchain, the exchange of data between institutions can occur almost instantly. Blockchain will seamlessly validate the change and update the data records on all nodes to match. This will increase the speed of B2B transactions within the Cook Protocol platform and asset management industry.

Client Onboarding – Cook Protocol will use blockchain to eradicate problems attached to client’s onboarding. Blockchain will reduce time spent on validating client’s identification, asset ownership, wealth sources, marital status, business interests and most importantly, the citizenship.

Settling of trades – With Blockchain, trades can be settled between individuals without hassle. Fund managers and investors can settle trades within a couple of minutes, even seconds. This also eliminates counterparty risk, and improve availability of capital.

Problems Posed by Traditional Asset Management and How Cook Protocol Will Proffer Solutions to it

Traditional asset management had been in existence for a long time now but its mostly limited to more influential and wealthy clients because of the heavy fee structures. But with Blockchain, services are widely open to investors irrespective of their wealth status as it is decentralized.

Though, Blockchain can be somehow complicated for newbie to use due to its sophisticated technology. However, Cook Protocol will create an Ethereum-based decentralized asset management platform where anybody can access professional asset management services. With this, investors can seamlessly gain access to high quality asset management services without any knowledge of using decentralized finance.

Using smart contract, transparency and security of funds is guaranteed and consequently limit access of fund managers on underlying assets. Cook Protocol will also allow fund managers to create funds, customize investment strategies to attract clients and easily use tools provided by Cook Protocol to execute investment strategies. Cook Protocol desires to bring Investors and fund managers in one ecosystem creating trust and transparency between them.

COOK Token

Resource bosses can set up sharp arrangements and orchestrate limits like hypothesis procedures and the board charge. Examiners can store cryptographic types of cash into a smart consent to get a contrasting proportion of ckTokens with address midway duty regarding save.

Cook Protocol depends on an Ethereum blockchain that develops a traditional asset the chiefs stage, giving monetary experts an assurance of asset the board vehicles from store overseers. Resources can be managed idly or viably through whitelisted DeFi shows. For each adventure store, an astounding ERC-20 token, comparative with their obligation to the resource is given to monetary subject matter experts. Monetary experts can strip the tokens any time as a trade-off for a similar fundamental asset.

The goal of Cook Protocol is to attract as many users as possible into the platform. Therefore, Cook Protocol will create a "Community Incentive Programs" which will help to sustain and the develop the ecosystem. These programs include but are not limited to;

ckTokens Staking – ckToken represents ownership of a specific fund. Immediately the Cook Protocol is launched, token holders will be able to stake their ckTokens (Fund LP tokens) while they receive COOK token as the reward. The rewards will be based on the amount of token an investor staked and the value of the total locked asset in Cook Protocol. So, the more your locked tokens, the more your rewards.

Liquidity Mining– Cook Protocol will launch an initial liquidity mining in Q1 immediately after the Uniswap listing. This will attract new users/investors into the Cook Protocol platform.

Referral Program – Users will be able earn COOK tokens when they invite genuine friends and families into the platform. The rewards will be based on the number of original participants – investors and fun managers, a user is able to invite.

In summary, asset management is simply a system that help companies and individuals to seamlessly monitor their assets. This is a very great financial tool that offers stupendous assistance to clients to achieve their dreams. Most people don’t have the experience or any idea to invest on good business. Some don't even know how to take good decisions on their investments.

Thanks to the fund managers; they are experienced and versatile to invest your assets on your behalf. However, the traditional asset management is somehow not transparent enough and most especially are not meant for average individuals because of high fees attached to it. Thanks to Decentralized finance – DeFi, which allows anybody from around the world to partake in this opportunity with no restrictions whatever.

Cook Protocol, a new digital asset management project believes that blockchain for assets management is the future. Cook Protocol will assist investors in their journey to greater wealth. Cook Protocol will make sure that your digital asset investments are secure and performing at their best level.

Cook Protocol will also be transparent as much as possible, thanks to DeFi and Blockchain; investors can be rest assured that their assets are safe.

In conclusion, Cook Protocol will bring together investors and experienced fund managers together in one ecosystem to achieve their desires.

For more information, please visit the links below:

Website - https://www.cook.finance/
Twitter - https://twitter.com/cook_finance
Telegram - https://t.me/cook_english
LinkedIn - https://www.linkedin.com/company/cook-finanace/
YouTube - https://www.youtube.com/channel/UCGiAQqspfq9LE0XgFlywN7w/
Whitepaper - https://www.cook.finance/whitepaper/

This article published by fauzan123

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