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Blockchain for Inheritance and Wills
The world itself has, for a while now, been shifting towards a more digital age. This is emphasized even more by the fact that mobile connections outnumber the people on this planet. Almost everything is shifting to the digital realm as society becomes increasingly paperless. Hence, this is having a massive impact on every industry, such as commerce, media, entertainment, communications, and even social and political exchange. Wills or inheritance are no exception here, and they have been slowly embracing the digital age as well.
Problems Currently Faced
Dying or death are depressing issues, and many people do not even consider the difficulties that emerge when someone’s life sees an end. However, there are numerous such difficulties that can arise, many of which blockchain technology might potentially assist in resolving.
Here, the most obvious challenge would be the settlement of one’s estate or assets following one’s death.
After death, guaranteeing that one’s possessions or assets are distributed among the people mentioned in one’s testament can be an enormous challenge to tackle. Conventionally, the only method utilized to solve such dilemmas involves hiring a lawyer who writes a testament or will…
