This is another example of a token that I like the idea of as a company, but i cant figure out why blockchain technology has anything to do with it at all. People need to protect their digital legacy, and i think selling songs or movies on blockchain and then using the token to sell or trade your digital assets is a good idea. So maybe this coin has a future...but its hazy to me.
Hi rehydrogenated,
that's a great comment from your side.
Blockchain technology is - as with many other projects - the decisive decentralization element that makes the underlying key process (which here is inheritance for now) deterministic. While in Bitcoin we know that a specified output will 100% reach the specified recipient, the DigiPulse platform aims to ensure through the application of smart contracts that digital assets / digital data / digital anything will automatically be forwarded to the specified inheritor after a specified period of inactivity.
Why is blockchain important? Well, nobody is able to alter the terms of the original holder in retrospect. One can imagine how crucial that is when it comes to inheritance. We all would want our assets to be rightfully forwarded once we die. How can we make sure that is going to happen? There is nothing as deterministic as the distributed consensus protocols underlying Bitcoin or Ethereum. Should you as a user of DigiPulse specify someone to be notified about a certain asset and how to obtain it once you died, you can be absolutely guaranteed that the smart contract exactly executes as specified. There is no central entity that could go rogue after your death and decide to hold back information about your belongings. As an example, take a centralized exchange and assume that something happens to you out of a sudden. Is the exchange going to approach anyone from your family? How is your family going to prove that you held assets on that exchange even if they remember you saying something about that? Imagine a smart contract that automatically forwards all credentials or relevant data about your holdings on an exchange to a person you specified.
How about your private key to your Bitcoin wallet? Did you share it with your family? Do they know Bitcoin at all and how it works? What if you write up a small manual on how to access the Bitcoins in your wallet, save it as PDF and along with your private key encrypt it and put it into a smart contract via the DigiPulse platform. Should you die, the contract is going to forward the data to the person you specified.
There is a ton of use cases where DigiPulse could come into play. Probably many of which we have not even thought about yet. It is as with Bitcoin, when Vitalik Buterin extended the concept of decentralized money to decentralized applications in general. There are a lot of things where the basic functionality of DigiPulse could be applied to improve certain processes of our everyday life (or death
).
I am not a team member of DigiPulse, I just like the project a lot. I welcome any question and I am happy to jump in and answer them to the best of my knowledge. Feel free to continue the discussion!
Edit: Also, imagine you don't want anyone to know about your cryptocurrencies as of now. However, you don't want them to be lost once you die. Just use DigiPulse and specify a person as the inheritor without that person even knowing about it. You can be absolutely sure that the smart contract is going to do what you want it to do! Namely, forward those digital assets or the relevant access data to that person.
