Digital I Will Using Blockchain
Soshya Joshi, K. Anuratha, J. Nandhini, P. Sharmila · 2023
Digital wills are legal documents that outline an individual's wishes for the distribution of their digital assets after their death. With the emergence of blockchain technology, it is now possible to create and store digital wills in a secure and decentralized manner. Decentralized blockchain technology provides a tamper-proof and immutable ledger that ensures the digital will remains secure and unchanged over time. This helps to guarantee that the individual's wishes for the distribution of their digital assets are carried out as intended, without the need for intermediaries or centralized authorities. The use of smart contracts, which are self-executing contracts that are written directly into lines of code, can help to automate the execution of digital wills. This can help to simplify the process for loved ones left behind and reduce the need for intermediaries. The use of decentralized blockchain technology for digital wills has the potential to revolutionize end-of-life planning by providing a secure and transparent method for ensuring that an individual's wishes are carried out as intended. Despite the challenges, the benefits of using blockchain technology for digital wills are significant, and this approach may become increasingly popular as blockchain technology continues to evolve.