Inheritance problem in crypto
Inheritance problem in crypto

By Snow Under Sun | SnowUnderSun | 26 Sep 2019


Inheritance is a major problem if you have assets in cryptocurrency.

Frankly, nobody gives private key to anybody, even not give to wife or relatives.

We all know that when we will die, all our assets in crypto will not transfer to heirs-inheritors.

In this point, Hydro can have relovutionary feature.

Its unique ERC-1484 digital identity standarts will integrate to Hydro Vault.

My idea is if person's Hydro Vault will have no transaction for 1 year, all assests ( Hydro and following added other cryptos ) will automatically transfer to predefined other Hydro ID which is heir's Hydro Vault or Hydro X.

I am not a developer or tech guy but I think that a smart contract can make auto transfers to previously defined to another Hydro X account if there will be no transaction within 1 year.

We will all pass away but our families can use our wealth when die.

 

This app also can be hub of donations & charity. Also use for donate inheritance to charity.

Proposal for charity-fundraising-donate, hydropay connected dApp, functioned as hub for all organizations.

1- Overview


HydroPay connected dApp can be use for micro donate a social projects or student fundraising programs or charity organizations. They all have troubles about getting donates-funds. they can be willing to use HydroPay for get donates or fundraising. as in 2017 figures, global volume is 410 billion USD.
https://www.quora.com/Globally-how-much-money-is-donated-to-charity-each-year

too many organizations try to get funds. A dApp using Hydro via Hydropay can be good for being hub for all of them.

If no transactions in 1 year, assests can also donate to predefined charity organization's wallet in auto transfer.

 

2 - UI features.


a-Template allowing each organization can place own each fundraising-charity sub-projects by categorize such as health, hunger, restoration, etc. Coding should allow adding new categories.
b- Template should allow Organizations can post a picture for their each sub-project with explanation
c- each sub project will have HydroPay ID and should seen in UI.
d- users can able to send hydro to sub-projects with push donate button on each sub-project page and enter amount of hydro.
e- each sub-project page in dApp should show that sub-project's HydroPay ID how much Hydro donated already. possible to get this data realtime from HydroPay ID connected ether address ?
f- organizations ( such as UNICEF or gofundme.org or others ) should able see sum of entire sub-projects collected how many Hydros realtime.
g- organizations and sub-project fund receivers should able to post it social medias. link buttons required. good for spread the word Hydro when they seeking fundraisers in social media.
h-HydroLab team should able to generate report monthly for using marketing tools about how much Hydro donated by HydroPay users.

My background was sales. no IT background. first time try to define functions of a dApp. sorry if it is too childish.

 


Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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