The power of Ethereum blockchain is that money can be sent programmatically. Money can be used in code. So it is easy to write a code to send cryptocurrencies from a wallet to another wallet. So if there are no transactions in the wallet for a specific period, we can send mail to check if the person is alive. If the person does not respond to the mail in a specific period, then the person can be assumed dead and then cryptocurrencies can be transferred to specified person. This is one logic I came up with. Any logic can be coded.
As of now, when someone dies without a will, the court decides who should inherit what. In India, the Indian economy took a blow when Dirubhai Ambani passed away and his children had a quarrel with the inheritance. If they had written a code in the blockchain, any complex logic could have been used to split the inheritance. For example, the current stock prices can be used as inputs to decide the valuation. Then the right amount to split can be calculated and it can be transferred easily.
"The problem today is not lack of resources. It is lack of proper distribution" - Mahatma Gandhi.
Blockchain and cryptocurrencies help in resource management.
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