How to access Trust?
Create a borderless Trust account, activate financial data residency and then simply manage Trust Entitlements.
E Residency
human access to Trust Entitlements for natural persons.
Membership with the local fiscal registry.
Individual Access to all E-governance services.
E Tenancy
Machine Access to Network Resources and Financial Data Residency for legal person(s)
Membership with the local fiscal registry.
Organizational Access to all E-governance services.
For individual traders, limited liability companies, not-for-profits, co-operatives, and trade unions who want to extend Trust Entitlements to their beneficiaries.
FAQs
What is the difference between E Residency and E tenancy?
E Residency is a legal construct which describes membership to a Global Association, as defined in the Articles of Association of the Open Constitution AI Network, which governs what is defined as a ‘Foundation’ in the network’s Global Statutes. The financial data residency associated with the human activity of one or more E residents is described as E tenancy.
What can I do with E Residency?
With E Residency, any human can control and manage Trust Entitlements, including participating in the self-governance of the Open Bank through the Governance Portal.
What can I or a group of humans do with E tenancy?
One or more E residents of the network can host financial data residency and offer Trust Entitlements to
How are these Trust Entitlements accounted for?
Open Bank is a digital commons infrastructure and acts as an Open Financial Treasury. It is based on the regulatory technology standards of the Open Constitution AI Network. Trust Entitlements are accounted for using social credits. Open Bank is a digital service provided by Finscale ApS and is licensed using Open Constitution AI license. The license is automatedly activated when any human becomes an E Resident.
If this is a free banking technology, why am I being charged?
Any fees applied to request access to financial data residency on Open Bank are annual tax-exempt donations. By activating financial data residency, you receive social credits, which is the only currency to do anything in the network.
A nominal membership fee is added when you sign up to account for an Association membership with the local fiscal host of the Foundation. This fee covers account verification and your Trust Account setup. This covers the network’s third-party services cost.
Trust Entitlements on the Open Bank services are low-cost financial instruments.
Learn more about the not-for-profit Public Association model of Open Constitution AI Network.
How do I acquire more social credits?
Social Credits are worth of your social capital on the Trust network. To receive more, you either
a. contribute through cash donations or
b. voluntary work by spending energy on the network
You must activate an E tenancy account to receive a payout for the worth of these social credits into your local banking system.
How does my organisation acquire more social credits?
To acquire more social credits from the Trust, an organisation can
a. contribute through cash donations and activate beneficiary pool licenses or
b. Extend trust Entitlements to your affiliated beneficiary pool.
You must activate an E tenancy account to receive a payout.