Why would different people benefit from using Unido EP?

15 September 2022

The world of cryptocurrencies and blockchain technology is very expansive. Now it accommodates a wide range of use cases for a large selection of different assets. These assets all appeal to different audiences and markets.

All these different crypto assets can be accommodated by the Unido EP wallet. It's the one stop for all custodial needs that can offer a wide range of solutions. This is especially true as blockchain technology keeps evolving and demanding even more from its users.

The case for SMEs

Custody of assets is always a major concern for any sort of enterprise. All assets are included in this idea, real-estate, vehicles, corporate bonds, etc. Basically, anything that can appreciate monetarily is always subject to custody chains and management.

Crypto assets are no exception to this rule, but they have an added complication. In reality, a crypto asset -a crypto coin, token, NFT, etc.- is not controlled by a user account, but by the private key. The private actually is the one authorizing the move of any asset in a transaction.

So, even in the case of legal provision to how the assets of an SME have to be managed by a group, most crypto wallets don't allow for multi-party custody. Here is where Unido EP comes in, the wallet is set up to allow various accounts the ability to control a crypto wallet, and the assets hold by it.

The Unido EP wallet is the perfect solution for crypto asset custody. In many ways, it was created with that purpose in mind. The interface to add more users to a single wallet is all done via a graphical interface, no coding needed, from an intuitive menu.

The case for small family offices or individual investors

Unido EP is growing among various types of investors, from family offices to professional single investors, the need for a strong crypto wallet is the same. The need for strong multi-party custody is the same, but these types of users also need broad access to many blockchains.

Blockchain technology is more and more about interoperability. The ability to access multiple networks and a myriad of different assets from a single platform is becoming very important. Especially as the technology keeps growing, users will find it cumbersome to have a single crypto wallet for each network.

Unido EP again has a solution. As of right now, the wallet is able to connect to several blockchains: Ethereum, BNB Smart Chain, Bitcoin, Algorand, Polygon, and others. Plus is able to accept the custom token of Ethereum, BNB Smart Chain, and Polygon. This makes Unido EP one of the most versatile crypto wallets and the perfect gateway to the web 3.0 economy.

The case for individual users

Crypto wallet security is of great concern for everyone, but especially for individuals. The crypto wallet holds a significant portion of any one person's assets and if it's compromised it can be devastating. The seed phrase as a security method is not enough because it's a single point of failure.

Again, Unido EP has the solution with the Trade Key. The Unido EP has a seed phrase of 16 words plus a unique input from the user that works as the password-- the Trade Key. Both the seed phrase and the Trade Key are necessary to recover the Unido EP wallet.

This design decision makes a Unido EP wallet more secure than other options. Even if the seed phrase is compromised, attackers can't do anything without the Trade Key. This final input is completely under the control of the user, and gives them greater ownership over their crypto assets.

Unido EP was conceived as an out of the box ready solution for all manner of crypto users. SMEs, small investors, and individuals all can benefit from the features of our wallet. As the blockchain industry grows, the capabilities of Unido EP will also expand to meet the new needs of users. We are only at the beginning of the new crypto economy.

About Unido EP

Unido EP takes the complexity and expense out of digital asset management for organizations with sophisticated corporate governance needs. Our patented, end-to-end platform seamlessly automates corporate governance and self-custody of crypto assets so you can securely store, manage and invest in crypto without massive overheads.

Unido EP comes with a web-based dashboard and a decentralized application (dApp) featuring a robust set of DeFi tools, easy-to-set-up authority regimes and iron-clad security. All of this is inside a complete digital asset management platform, built with financial institutions in mind but tailor-made for any organization or individual’s needs.

Learn more:

https://www.unido.us/

https://www.linkedin.com/company/unidocore/

https://discord.com/invite/cs5HeDDmDY

https://twitter.com/UnidoEP

https://www.tiktok.com/@unidocore

Unido Ep, Unido Education
  • Share
© 2022 Unido
Unido Foundation