Introduction
Have you ever wondered what can happen to your assets that you have worked for your whole life if you pass away "today"? Me personally, I did. I think about this from time from to time. Throughout the history, each person thinks about this once in their lifetime, but people think about this mostly in the period before death. And usually, we all have our last will in life. To leave our belongings to a close person, but leaving the assets in the hands of the others causes different conflicts.
Problem
Normally as the rules are applied in a system of today, a person writes a testament for somebody to have access to their bank account or give all of their belongings by testifying in written form, a form that has to be approved by a notary or a lawyer. I hear that usually, siblings have trouble with each other when it comes on the distribution of the assets that are leftover from their parent with a testament. This system has the problem of Safety, also it is not that easy to control, because of the complications with the legal issues (example: the notaries approval). One more thing I am worried about is the future, I am predicting that blockchain technology is our future. And I feel that the currency system and assets will be registered fully in blockchain technology. One of the main factors for the creation of blockchain technology is digital currencies. Blockchain and the smart contracts will solve many conflicts among individuals, as a conflicting example, there are siblings when distributing the leftovers from a person with testament.
Eternitas has a purpose to give autonomy back to the individual when it lacks the most: at the moment of death. This will happen with the help of the smart contacts that will be coded in blockchain technology. I am persuaded that the team is already living in the future and brought this great solution for a great problem that creates a lot of conflict. The platform will ensure that the clients will not be harmed by third parties and will avoid the manipulation of the last wills. The last will is going to be written within the contract and will be safe forever. Eternitas is affordable and secure when the will is created on the platform, it provides a customized templates to declare of who is getting what. This is how it fixes serious trouble of our actual system. The wrong individuals will not have access to any of the assets
Eternitas fixes the trouble with its three main benefits.
- With its Autonomy excludes central rules and individuals, with the use of smart contracts.
- With its Safety with the help of the blockchain technology that is an immutable technology and will never be hacked
- With its Ease of use thanks to the prepared templates and smart contracts.
I want to congratulate the team for the creation of this digital asset that will solve many conflicts also for their first global success that won the TwitterPitch hosted by German Shark Tank Judge and Investors. This project started in 2017 but surely will be one of the most demanded projects on the blockchain.
Conclusion
With the help of smart contracts and easy templates of Eternitas there will be no more need for complicated procedures with the lawyers, rules, and regulations. There are no more worries, once knowing how important blockchain technology is for preventing theft with its immutable system. I would recommend in the near future to people to get to know about this project, because it will really be helpful with the system, in the decentralized network with the highest efficiency.
You can also support this project with your contributions, they are open for the donations with cryptocurrencies in the wallets down below;
BTC: 1DiGG4P2LEcmLP6i8B9rbe3CCMYcKrfbfc
LTC: LbTJS2y95TXxeX1E6WYVzz8uqUgzwCWiL9
ETH/ERC-20: 0x1dFf6069832693f752fa8Ab3f84fC19C76a4A79F
To learn more about this project check the References and the Links.
References & Links
Website
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Partnership with Contract Vault
Disclaimer:
This is not financial advice. Please do you own research, this blog is an expression of my own opinion and is done for entertainment and leisure.