| Developers: | National Technology Initiative Platform (STI Platform), MGIMO - Moscow State Institute of International Relations of the Russian Ministry of Foreign Affairs, Moscow State University (MSU) |
| Date of the premiere of the system: | April 2021 |
| Branches: | Information technology, Financial services, investments and auditing |
2021: Creating a blockchain for transferring keys to bitcoin wallets and passwords to social networks by inheritance
At the end of July 2021, it became known about the creation in Russia of a blockchain service designed to transfer keys to bitcoin wallets and passwords to social networks by inheritance. The implementation of this project under the name "Time Capsule" is being carried out by the Platform of the National Technology Initiative, as well as teams from MEPhI, MGIMO and Lomonosov Moscow State University.
As told "RIA Novosti" in the press service of the company, the technology will allow to securely store digital data and assets. Encrypted data will be stored on the SberCloud and duplicated on Dropbox and other sites.
In addition to passwords, the service will include photos, texts, video messages or coordinates of the location of valuable things in order to transfer them by inheritance. The user sends the link to the recipient, who must create a personal account on the service site. You can access the data at the specified time.
The creators of the service plan to attract 2-3 million rubles for the implementation of the project. The dates for the start of the platform by the end of July 2021 are not called.
 | The main task is to ensure security and avoid data leaks. We will use encryption technologies, artificial intelligence, as well as blockchain, which is now used mainly for the sale of digital assets, and we want to involve it in their preservation, "said project manager Dmitry Izvekov. |  |
In Russia, the law "On Digital Financial Assets" is in force, which defines cryptocurrency as property. This allows you to legally transfer crypto assets by inheritance, but by July 2021 there is no clear mechanism in the law that describes this process.
As RBC explains, in order for the heir to get access to the wallet, his credentials need to be fixed in a separate document. For this, the construction of a closed will is suitable. This is a sealed envelope that is kept by a notary, and no one, including the notary himself, has access to its contents.[1][2]
Notes
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