Javascript must be enabled to continue!
Legal Protection for Heirs with Non-Fungible Token Heritage Objects
View through CrossRef
The development of digital technology has introduced Non-Fungible Tokens (NFT) as a form of digital asset that has its own economic value and uniqueness. This opens up the potential for NFTs as objects of inheritance, however the traditional inheritance law system in Indonesia has not fully accommodated non-physical entities such as NFTs, especially due to unclear regulations regarding the transfer of rights to these assets after the death of the owner. This article discusses legal protection for heirs with NFT inheritance objects. This research uses normative or doctrinaire research methods using secondary data and a comparative legal approach, which involves analysis of relevant laws and regulations and NFT practices in several jurisdictions that have recognized the existence of NFTs. Based on the research results, NFTs can be inherited through a general will made by a notary, olographic, or private. However, the main challenge is access to digital wallets that store NFTs and are at risk of being lost if there is not sufficient technical information regarding access. To overcome this, inheritance planning with a dead's man switch mechanism in smart contracts can enable the automatic transfer of NFTs to heirs. However, legal recognition of this mechanism is still limited. This research highlights the need for clearer regulations and legal updates in Indonesia regarding digital asset inheritance, to provide legal certainty for owners and heirs as technology develops. It is hoped that the results of this research can contribute to the formulation of clearer regulations and provide adequate legal protection for heirs and heirs who own digital assets in Indonesia.
Yayasan Dharma Indonesia Tercinta (Dinasti)
Title: Legal Protection for Heirs with Non-Fungible Token Heritage Objects
Description:
The development of digital technology has introduced Non-Fungible Tokens (NFT) as a form of digital asset that has its own economic value and uniqueness.
This opens up the potential for NFTs as objects of inheritance, however the traditional inheritance law system in Indonesia has not fully accommodated non-physical entities such as NFTs, especially due to unclear regulations regarding the transfer of rights to these assets after the death of the owner.
This article discusses legal protection for heirs with NFT inheritance objects.
This research uses normative or doctrinaire research methods using secondary data and a comparative legal approach, which involves analysis of relevant laws and regulations and NFT practices in several jurisdictions that have recognized the existence of NFTs.
Based on the research results, NFTs can be inherited through a general will made by a notary, olographic, or private.
However, the main challenge is access to digital wallets that store NFTs and are at risk of being lost if there is not sufficient technical information regarding access.
To overcome this, inheritance planning with a dead's man switch mechanism in smart contracts can enable the automatic transfer of NFTs to heirs.
However, legal recognition of this mechanism is still limited.
This research highlights the need for clearer regulations and legal updates in Indonesia regarding digital asset inheritance, to provide legal certainty for owners and heirs as technology develops.
It is hoped that the results of this research can contribute to the formulation of clearer regulations and provide adequate legal protection for heirs and heirs who own digital assets in Indonesia.
Related Results
HAK WARIS ANTARA PARA AHLI WARIS YANG BERBEDA AGAMA DENGAN PEWARIS MENURUT HUKUM WARIS ISLAM
HAK WARIS ANTARA PARA AHLI WARIS YANG BERBEDA AGAMA DENGAN PEWARIS MENURUT HUKUM WARIS ISLAM
AbstractMarriages that have different religions can cause the offspring born from the marriage to follow a different religion. The change of religion of one or more family members ...
Legal Protection For Heirs Against Inheritance
Legal Protection For Heirs Against Inheritance
Introduction: The agreement of all heirs to the transfer of land rights through sale and purchase is an important component that must be a concern for the parties who carry out the...
Responsibility of the Heirs for the Submission of Notary Protocol
Responsibility of the Heirs for the Submission of Notary Protocol
The legal responsibilities of heirs in submitting and storing notary protocols by heirs are complex because they involve various parties, procedures and legal regulations that must...
From Constitutional Comparison to Life in the Biosphere
From Constitutional Comparison to Life in the Biosphere
From Constitutional Comparison to Life in the Biosphere is a monograph that argues for a fundamental reorientation of constitutional law around the realities of biospheric interdep...
PERLINDUNGAN HUKUM TERHADAP ANAK ANGKAT YANG MENERIMA WASIAT TERKAIT SENGKETA PARA AHLI WARIS MENURUT HUKUM PERDATA
PERLINDUNGAN HUKUM TERHADAP ANAK ANGKAT YANG MENERIMA WASIAT TERKAIT SENGKETA PARA AHLI WARIS MENURUT HUKUM PERDATA
Abstract : When someone dies, the inheritance process arises, and is regulated by inheritance law, inheritance law functions to regulate the transfer of a deceased person's assets ...
Analisa Penerapan Algoritma Keccak untuk Keamanan Permintaan API
Analisa Penerapan Algoritma Keccak untuk Keamanan Permintaan API
Implementing REST in modern applications, security will be a key foundation for its development because the REST architecture requires communication between servers. In this study,...
AKIBAT HUKUM AHLI WARIS YANG MENOLAK MENANGGUNG HUTANG PEWARIS YANG MELEBIHI HARTA WARISAN: KAJIAN HUKUM PERDATA DAN HUKUM ISLAM
AKIBAT HUKUM AHLI WARIS YANG MENOLAK MENANGGUNG HUTANG PEWARIS YANG MELEBIHI HARTA WARISAN: KAJIAN HUKUM PERDATA DAN HUKUM ISLAM
There are several types of events or legal events that are essential for humans in their lives, including the legal events of birth, the event of marriage, and the legal event of d...
Kedudukan Ahli Waris yang Berpindah Agama terhadap Harta Waris Menurut Hukum Waris Adat Bali
Kedudukan Ahli Waris yang Berpindah Agama terhadap Harta Waris Menurut Hukum Waris Adat Bali
A heir that change their religion from Hindu causing an heir to lose his inheritance rights. Because, in Bali's Customary Law of inheritance an heir has an obligation to heirs, fam...

