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Simple Digital Will

In a world increasingly reliant on digital assets, the need for secure, automated inheritance mechanisms has never been greater. The Digital Will & Testament project explores how blockchain technology

Description

🧾 Digital Will & Testament (Blockchain-Based Inheritance)

Concept: A smart contract that automatically transfers digital assets (e.g., ETH) to a beneficiary after a set date — acting as a decentralized and tamper-proof digital will.

📘 Overview

In a world increasingly reliant on digital assets, the need for secure, automated inheritance mechanisms has never been greater. The Digital Will & Testament project explores how blockchain technology can be used to transfer assets to a beneficiary after a specific date, with no intermediaries.

💡 Core Idea

This project proposes a time-locked smart contract that:

Accepts and holds cryptocurrency (e.g., Ether).

Locks the funds until a future date (set by the contract creator).

Automatically releases the funds to a beneficiary address once the time is reached.

Allows the owner to emergency-withdraw funds before the execution date if necessary.

🛠️ Key Features

⏳ Time-Locked Transfers Ensures assets are only released after a specific future date (e.g., January 1, 2026).

🔐 Owner Control Only the original creator (owner) can cancel or withdraw funds before the unlock date.

📤 Automatic Execution Once the unlock time has passed, any user (or system) can trigger the contract to transfer funds to the beneficiary.

🧾 Transparent & Tamper-Proof Deployed on a public blockchain for full transparency, auditability, and decentralization.

📦 Use Cases

Estate Planning for Crypto Holders Plan inheritance of Ethereum or other digital assets without relying on centralized services or legal intermediaries.

Time-Delayed Trusts Set up smart contracts that act as digital trusts, releasing funds to children or dependents when they reach a certain age.

DAO or Project Funding Unlocks Delay fund access for teams or projects until milestone dates.

🧪 Potential Enhancements

Although this project is currently just an idea, future development could include:

✅ Support for ERC-20 and ERC-721 (NFT) assets

✅ Multi-signature authorization for execution

✅ Dead man's switch (auto-execute if owner becomes inactive)

✅ Legal integration with traditional wills or estate services

✅ UI Dashboard for managing wills and assets

📚 Technical Stack (Planned)

Solidity – Smart contract language

Ethereum (or other EVM chains) – Deployment platform

Remix / Hardhat / Foundry – Development & testing tools

IPFS / Arweave (Optional) – Decentralized storage for additional metadata or documents

Next.js / React (Optional) – For front-end dashboard

🔐 Disclaimer

This is a conceptual project. It has not been audited, and should not be used to store or transfer real assets in its current form. Always consult legal and security professionals before using blockchain for inheritance or estate planning.

Progress During Hackathon

50%

Tech Stack

Web3
Solidity
Ethers
Team Leader
NNaina Parasher
Sector
Other