Autem.ethCreating and managing decentralized testamentary wills and trusts.
Description
Autem.eth, a Minimal Ethereum dApp for creating and managing decentralized testamentary wills and trusts.
Cryptocurrency helps us to re-take control over one of the key aspects of our lives, money. It lets us hold, trade, lend and borrow funds without ever having to trust a third party, keeping our key and our money always in our possession.
Autem.eth adds another tool to the DeFi toolset, one that's usually overlooked; it provides means to manage our funds when we aren't here anymore.
With Autem, creating trusts or testamentary wills becomes a simple process.
Create a trust contract; Choose a beneficiary and an owner; Pick the duration of the dead-man-switch; This process results in a new Ethereum contract; you can send funds to this contract to make them part of the trust.
The trust works using a dead-man-switch; this means that as long as you regularly use the contract, its funds can only be accessed by you (the owner). But if you stop interacting with the contract, a countdown triggers, and when it reaches zero, the beneficiary gains access to the trust and its funds.
EthereumFinancial Service