Pass BTC to the next generation! Dubai launches a digital will program for your descendants to inherit your coin

Dubai International Financial Centre collaborates with Hedera to usher in a new era of digital asset inheritance

Dubai International Financial Center (DIFC) recently announced the integration of Hedera's Hashgraph technology to launch a new digital asset inheritance solution. This is different from TradFi technologies such as tokenization of assets and payments, symbolizing the unique application of distributed ledger technology (DLT) in estate planning, especially in the area of digital asset inheritance.

Source: DIFC DIFC has integrated Hedera's Hashgraph technology, which will promote a new digital asset inheritance plan.

In today's digital age, inheriting digital assets has become a new challenge. Traditional wills usually only involve assets such as stocks, cash, and gold. However, with the prevalence of digital assets, ensuring the smooth inheritance of these assets to the next generation has become an urgent problem. Therefore, the DIFC court has chosen Hedera's technology based on its reliability, security, speed, and most importantly, trustworthiness. Hedera's governing council provides complete peace of mind for DIFC and beneficiaries through a trusted and transparent process.

Image source: Official page of DIFC DIFC Digital Asset Inheritance Plan

One of Hedera's core features, Hedera Consensus Service (HCS), plays a key role in this solution. HCS provides audit tracking and precision for each step, ensuring the accuracy of asset management. For example, the real-time audit log of HCS prevents errors in asset transfers, protecting beneficiaries from potential delays or errors. This initiative by DIFC highlights Dubai's forward-thinking strategy in establishing a sustainable digital asset infrastructure and regulation, setting new standards for digital asset planning. This collaboration is a win-win situation for Hedera, a leader in DLT, and Dubai, in their long-term and responsible vision for digital asset growth.

Key Developments in the Hedera Ecosystem

The Hedera ecosystem is currently experiencing strong growth, with many industry leaders willing to turn to Blockchain technology and preferring Hedera for its transparent governance and trustworthiness. Earlier this month, the foreign media "BusinessWire" reported that investment firm Canary Capital announced the launch of the first $HBAR trust fund, the Canary HBAR Trust, in the United States, sparking further speculation in the market about the possible launch of exchange-traded funds (ETFs) focused on Hedera.

Canary HBAR Trust will provide a secure $HBAR Cryptocurrency investment path for investors, while opening the door for institutions to participate in the Cryptocurrency market. Steven McClurg, CEO of Canary Capital, emphasized that the HBAR trust fund aims to provide new opportunities for US institutional investors to meet the growing demand for Cryptocurrency-related products.

On the other hand, Prove AI recently launched its artificial intelligence product on the Hedera on-chain, allowing businesses to securely manage their AI training data while ensuring compliance. Hedera's secure and scalable infrastructure will provide businesses with governance solutions that interact with AI regulations and development. In addition, the world's top professional combat league, Karate Combat, announced the launch of its Layer2 platform 'UP' on the Hedera on-chain, which is expected to go live in the first quarter of 2025, aiming to promote the adoption of Web3 in the esports, sports, and entertainment industries.

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