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Inherited digital assets. Service is being developed in Russia

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Inherited digital assets

Inherited digital assets. Service is being developed in Russia

Inherited digital assets. Service is being developed in Russia. The service will allow you to store various digital information: from passwords for social media accounts to keys to cryptocurrency wallets.

In Russia, a “time capsule” service will be developed using blockchain, with the help of which digital assets can be inherited. Any information can be placed in the “time capsule”: from passwords to social media accounts to keys to cryptocurrency wallets

Also in the “time capsule,” it will be possible to place texts, photographs, and coordinates of the location of valuable things. To transfer digital information by inheritance, the user must send the recipient of the inheritance a link to his storage in a “time capsule”, which will become available at the time specified by the testator.

Service data will be stored on SberCloud, DropBox and duplicated to other sites. The developers plan to make shipping of the first two capsules free of charge and monetize the service with additional services.

It is planned to attract 2-3 million rubles (25-40 thousand dollars) to create the service. Among the developers – MGIMO, Moscow State University. Lomonosov and MEPhI.

In June, Pavel Krasheninnikov, the head of the State Duma Committee on State Construction and Legislation, spoke about the possible introduction of cryptocurrencies into the Civil Code of the Russian Federation. According to him, the consolidation of cryptocurrencies in the Civil Code will help in resolving issues of hereditary relations, “in case of divorce, bankruptcy, and so on.”

Last year, the US Cremation Institute conducted a survey that showed that 89% of cryptocurrency holders are worried about what will happen to their digital assets after death. However, of this number, only 23% of users in case of death have developed a clear plan and use special tools.

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