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- Title
A Traceable Online Will System Based on Blockchain and Smart Contract Technology.
- Authors
Chen, Chin-Ling; Lin, Ching-Ying; Chiang, Mao-Lun; Deng, Yong-Yuan; Chen, Peizhi; Chiu, Yi-Jui; Papadopoulos, Basil
- Abstract
In recent years, with the rapid levels of economic development, there have been more and more problems in property inheritance and distribution. In today's society, people still have many taboos when writing a will. Writing a will not only involves various laws and regulations but also costs a lot of money and time, which can be daunting. However, with the development of the Internet, blockchain technology has gradually been applied to many applications. Blockchain technology uses consensus algorithms to ensure consistency and records transaction information in blocks to ensure the effectiveness of transactions. In this paper, we use the cryptography mechanism to propose an online will system based on blockchain and smart contract technology. The architecture considers effectiveness and cost reduction. By combining this with blockchain technology, will assets are saved in blocks, which provides comprehensive will security and non-tamperable security protection. In addition, combined with a smart contract, it realizes the method of automatic property distribution. At the same time, this mechanism also proposes an arbitration solution when there are disputes over wills, and ensures the integrity of data, public verifiability, unforgeability, nonrepudiation, irreversibility of information, and the ability to resist counterfeiting attacks.
- Subjects
BLOCKCHAINS; COST control; CONTRACTS; TRANSACTION records; COST effectiveness; DATA integrity
- Publication
Symmetry (20738994), 2021, Vol 13, Issue 3, p466
- ISSN
2073-8994
- Publication type
Article
- DOI
10.3390/sym13030466