Quote from: Hodl_lady on December 07, 2017, 11:50:02 AM

Quote from: HALLASTERA on December 06, 2017, 08:06:38 AM

You mean in use crypto inheritance in real life? Everybody can use memory ledger(flash, disk, etc) and to use standart law procedure for inheritance...

No, absolutely not. I mean absolutely new procedure using blockchain.
I hope nowadays it is possible to create a project that will exclude lawyers from the crypto-inheritance transfer scheme.

And to be honest, I'm really surprised you wrote 'memory ledgers' and 'use standart law procedure' in time when all world is trying to create smth not standart, some new way, new principle.

How many crypto currency wallets will never be opened because their users did not provide the necessary info (passwords, codes, etc.) and did not have time to do 'standart law procedure'?
I'm sure in blockchain it's possible to create something more technological, accessible and quick.

So, if you imagine far into the future this concept would be great. The issue comes from the current world we live in. I don't see any way something like this could be done without a rehaul of society. First, lawyers are necessary because inheritance is more complicated than a simple transfer of ownership. Also, how would it transfer ownership without the person who is receiving the inheritance ever having access to the private key of the person they are receiving it from? How would the blockchain verify people? If every person in the world had a secret key they used for the blockchain (similar to a SSN in the US, but more secure), and every public key was connected as a graph to other public keys that they could receive inheritance from, then it may be possible. However, this won't be possible for many years.