A Blockchain Framework for Digital Asset Ownership and Transfer in Succession

The accumulation of wealth and assets through inheritance forms the basis for future generations’ prosperity, encompassing financial assets, physical possessions, and intangible riches like knowledge and skills. However, inheriting such multidimensional wealth presents complex technological, social, and legal challenges. To address these issues, the authors present a comprehensive exploration of technology-driven inheritance methods and the role of blockchain in asset management. Current research in this area is fragmented, lacking a unified conceptual framework, making it challenging to grasp the broader implications of blockchain in inheritance. This study aims to fill this gap by taking an exploratory approach to investigate the integration of blockchain and digital asset ownership and transfer in the context of Succession and Inheritance. The authors provide a conceptual framework to guide all stakeholders involved in the inheritance process. The study seeks to bridge existing knowledge gaps and offer a cohesive perspective on how blockchain technology can revolutionize inheritance practices through a combination of case studies, theoretical research, and practical implementation insights. The article is structured into four sections: an introductory section providing background context, an extensive review of relevant literature, including key principles and practical examples, an innovative conceptual framework, and a thorough analysis and synthesis of the research findings.