Dear Community,

Together with a team from the MSc. Digital Currencies, I am currently working on implementing a solution to the problem of inheritance of Blockchain assets.

For this, we have a specific issue:

Would it be possible to have a colored coin that represents a certain percentage of funds in address X. In other words, would it be possible to give my descendant a coin that gives permission to spend a certain percentage of funds (measured when I am considered dead) after I am dead?

We have been brainstorming about this and a possible solution would be to split up the funds into multiple addresses before death, however, it would be more useful if this could be included in either a smart contract or a coloured coin <-- a problem with this solution is that it gives inconveniences if the original owner wants to spend funds, for example, to pay a bill to the hospital, before he passes away which would influence the inheritance of one descendant.

Ideally, the solution would work for any asset recording on the Blockchain.

I appreciate your thoughts on this issue. Brainstorming is welcome!

Hello Community,

For a project on Blockchain inheritance, I would like to know if it is a possibility to generate a token which represents a share of the funds at a certain moment.
For example: after the death of an owner any person who can proof that he owns colored coin x, has the right to spend a certain percentage of address Y.
This solution would preferably work not only for Bitcoin but for other Blockchain assets as well.

Another solution would be that the owner splits his funds before he dies into multiple accounts. In this case, the owner of a coloured coin has access to the funds in one of the accounts. This would be possible, but is less flexible and might cause unwanted situation if the original owner needs funds just before he passes away and drains one of his inheritance accounts for this purpose.

Your help is appreciated! Perhaps we can brainstorm about different solutions as well.