CryptoInheritor - An automation system for crypto inheritance

Abstract

"Crypto currencies allow users to execute seamless, quick and cost-effective transactions globally without relying on intermediaries. This is made possible due to its ledger-based and decentralized architecture. However, because of the lack of a recognized, central authority governing these crypto assets, it makes the recovery of stolen or lost crypto extremely hard or even impossible. Therefore, in the instance that a crypto holder was to pass away without leaving behind explicit instructions on how to access their crypto assets, those tokens would be lost forever. With the prevalence of smart contracts allowing predetermined term-based executions, it opens up an avenue for new methods of crypto inheritance. The utilization of smart contracts, with blockchain oracles to obtain real-world data could be used to formulate an architecture to automate this process. CryptoInheritor focuses on introducing such a solution."