Systems and methods for automated distribution of digital assets

A system comprising:

• a processor;
• and
• a memory having stored thereon computer program code that, when executed by the processor, controls the processor to:
• receive a smart will creation request, the smart will creation request comprising:
• one or more beneficiary wallet identifiers, and
• one or more asset distribution rules;
• create, based on the smart will creation request, an estate smart contract, the estate smart contract being configured to authorize transfer of one or more assets registered to the estate smart contract to a storage location specified by an executor smart contract;
• wherein the estate smart contract corresponds to a first address on a first blockchain;
• and
• wherein the executor smart contract corresponds to a second address on the first blockchain;
• receive, via a transfer trigger, a death notification indicative of death of an owner of the estate smart contract, wherein the transfer trigger corresponds to a third address outside of the first blockchain;
• receive the second address of the executor smart contract;
• register the second address with a trust smart contract corresponding to a fourth address on the first blockchain;
• authorize, based on the second address being registered with the trust smart contract, the executor smart contract to initiate the transfer of the one or more assets;
• instruct, via the executor smart contract, the estate smart contract to transfer the one or more assets from the estate smart contract to the trust smart contract;
• verify whether one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers are valid;
• and
• responsive to verifying that the one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers are valid, configure the trust smart contract to transfer the one or more assets to one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers in accordance with the one or more asset distribution rules.

A non-transitory computer readable medium having stored thereon computer program code that instructs a processor to perform a method comprising:

• receiving a smart will creation request, the smart will creation request comprising:
• one or more beneficiary wallet identifiers, and
• one or more asset distribution rules;
• creating, based on the smart will creation request, an estate smart contract, the estate smart contract being configured to authorize transfer of one or more assets registered to the estate smart contract to a storage location specified by an executor smart contract
• wherein the estate smart contract corresponds to a first address on a first blockchain;
• and
• wherein the executor smart contract corresponds to a second address on the first blockchain;
• receiving, by the executor smart contract via a transfer trigger, a death notification indicative of death of an owner of the estate smart contract, wherein the transfer trigger corresponds to a third address outside of the first blockchain;
• receiving, by the estate smart contract, the second address of the executor smart contract;
• registering, by the estate smart contract, the second address with a trust smart contract corresponding to a fourth address on the first blockchain;
• authorizing, by the estate smart contract and based on the second address being registered with the trust smart contract, the executor smart contract to initiate the transfer of the one or more assets;
• instructing the estate smart contract to transfer the one or more assets from the estate smart contract to the trust smart contract;
• verifying, by the trust smart contract, whether one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers are valid;
• and
• responsive to verifying that the one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers are valid, configuring the trust smart contract to transfer the one or more assets to one or more beneficiary wallets corresponding to the one or more beneficiary wallet identifiers in accordance with the one or more asset distribution rules.