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Patent drawing for Systems and methods for automated will creation, verification of beneficiaries, and passing assets through a borderless fintech ecosystem
US 20,210,327,008 A1
Business & commerce US 20,210,327,008 A1 Expired

Systems and methods for automated will creation, verification of beneficiaries, and passing assets through a borderless fintech ecosystem

This invention describes a software system designed to help people create and manage their wills digitally. It collects details from the will-maker and their chosen beneficiaries, then, after the will-maker's death, automatically notifies beneficiaries to claim assets. The system is particularly focused on handling the transfer of digital assets like cryptocurrencies and blockchain-based property.

Why it matters: Since 2021, the landscape for managing and transferring blockchain and decentralized assets has matured significantly, making the secure handling of these 'non-traditional assets' a more defined and urgent problem. Advances in user authentication and data integrity technologies also offer more robust solutions for beneficiary verification and asset protection.

Status
ExpiredProtection ended and was never renewed
How hard to build
SpecializedHeavy software system, secure data handling

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