The process of preparing for the transfer of assets after death is known as estate planning. Estate, a common law term, means an individual’s property, entitlements, and obligations. In modern society, legal systems have elegant solutions for handling the assets that we accumulate and create in the physical world.
When I talk to people about Bitmark there is confusion about digital property. I think most of this confusion boils down to what exactly is in a property title (or in the digital realm, a “bitmark”), and what is in the asset itself.
If you were in an accident, would your loved ones be able to gain access to your digital valuables — your personal data and digital assets — if you were incapacitated? If you were to die tomorrow, which pieces of your digital property would you want your loved ones to have?
Defining Property in the Digital Environment. Part Three. Bitmark, the property system for the digital environment. In Part One of the series we took a look at the history of property while Part Two made the connection on how the prerequisite for privacy is property rights. This final post introduces a solution for defining digital […]