Decentralized Intestacy Distribution: Exploring Autonomous Systems Leveraging Blockchain Technology

Decentralized Intestacy Distribution: Exploring Autonomous Systems Leveraging Blockchain Technology

Durga Prasanna Chavali, Naga Santhosh Reddy Vootukuri, Syed Fasih Uddin , Taran Singh, Syed, Siri Chandana Katari

Abstract - Intestate succession is a considerable issue in different judicial systems across the globe, which frequently gives rise to intricate and time-consuming processes of inheritance among heirs. With the advent of blockchain technology, there emerge opportunities for the development of an autonomous system that eliminates the needle barriers in the intestacy distribution process. This paper aims to explore the possibilities of applying decentralized autonomous systems for the revolution of intestacy distribution bringing insights into the design parameters, legal implications, and implementation problems. Having performed a comprehensive literature review, we analyze historical solutions for intestate succession and show how blockchain technology has advanced in the legal context, and review relevant case studies and projects. Our research presents a framework for a decentralized system of intestacy distribution, outlining the role of smart contracts, ledger technology, and identity authentication procedures. We talk about the legal and ethical concerns, implementation processes, and evaluation methods for determining the system's functionality. In the final part of the article, decentralized automated inheritance systems are a whole new paradigm in the area of intestacy laws giving less complicated, transparent, and secure options. Yet, a successful application means overcoming technical, cultural, and legal obstacles with the purpose of creating innovative and standard ways of the future.

Keywords—Decentralized Systems, Intestacy Distribution, Blockchain Technology, Autonomous Systems, Smart Contracts, Legal Framework, Implementation Challenges, Ethical Considerations