WHY WE’RE HERE
Traditional methods of estate planning are costly and inefficient. While people and businesses are accumulating digital assets at the speed of light, there is nothing short of confusion and hysteria when it comes to succession or the ability to transfer these assets on death, dissolution, or other loss. In many cases, digital assets are abandoned or tied up in protracted processes involving intermediaries or litigation. They are costly to recover and, in some cases, irrevocably lost.
Succession intends to leverage the law and blockchain technology so that digital assets can be passed to an owner’s beneficiaries in a secure, immutable, and trustless manner.
With smart contract technology, owners designate beneficiaries for their crypto assets. This allows for peace of mind knowing that the right loved ones, charities, or successor businesses of the owner receive all intended shares.
Succession understands the problem and its team of professionals, including, lawyers, doctors, and information technology personnel, consider it the highest priority to enhance blockchain participation and the user’s peace of mind.
Succession (SCCN) will provide a Decentralized Application (DApp) that will interact with the blockchain to create a certificate of assets that can be transferred upon the death of a digital asset owner. Succession will leverage new hybrid smart contracts to initiate functions on the blockchain to enable the sequence. The DApp will maintain key characteristics of security, decentralization, and efficiency. Security will be inherent on the blockchain but further maintained via encryption and multi-sig capabilities.