Death, Divorce And Lost Keys
The intersection of cryptocurrencies and real estate is evolving, with crypto-backed loans for property purchases becoming common. The real estate market is projected to see $4 trillion tokenized by 2035, democratizing access for investors. However, the issue of inheritance in tokenized real estate remains unresolved, posing risks without a standardized succession mechanism. Current inheritance methods are inadequate for blockchain assets, leading to potential loss of ownership. Proposed solutions include a decentralized data survivability protocol (DeDasP) utilizing smart contracts for automated asset transfer upon certain conditions. This could involve sharding keys into NFTs and using biometric authentication for secure access. Integrating inheritance into blockchain protocols is essential for the sustainability of the tokenized real estate sector, ensuring generational wealth transfer without legal or technical barriers. Emerging technologies offer pathways to create trust-free inheritance systems aligned with Web3 principles.
