the In Austria, two married, to close a block chain-based marriage contract. The “Smart Wedding Contract” is based on Ethereum, and governs, among other things, the ownership of the spouse in case of divorce.

By Christopher clover
3. December 2018 share Facebook Twitter LinkedIn xing mail

In Austria it is in terms of Blockchain and crypto-adaptation, in some respects, more than in this country. So just Bitcoin vending machines do not belong there, in the meantime, the daily image; last week there was a breakthrough in the STO-regulation. Meanwhile, in Vienna, is the largest block of grove-competence centre in the world.

in the face of such Progress, it is not surprising that in the Alpine Republic is now also, apparently, the first Ethereum-based marriage contract in the German speaking area was completed. Even less surprising that it is the spouse of the CEO of a Blockchain-Consulting-company.

In a on 30. November, published in press release conveyed block42-CEO Lukas Götz, the good news in their own right.

Therefore, received on 26. November, the paper form of a marriage contract, the blessing of the notary.

“This is a ‘normal’ marriage contract, the references to the Smart Wedding Contract content and legal issues such as separation and distribution”,

it is in the averaging.

Ethereum-marriage

Both of the spouses will receive an Ethereum Wallet. The Blockchain technology is to make the contract, unlike a conventional marriage contract, to a dynamic construct. So the Smart Contract should be able to adapt constantly to changes in the nature of ownership. Accordingly, it is in the paper contract:

“Every Added as well as any outflow of goods is documented in the Smart Wedding Contract carefully. The spouses agree that the installation of the during the marriage and purchased further items and their evaluation should be done in the Smart Wedding Contract.“

It may well be that it is the Smart Wedding Contract to a PR-action. Finally, it is the press release of a private company that offers happen to such a Smart Wedding Contracts.

The smart wedding contract, yet provides an interesting insight into the potential of the Blockchain technology, not only the financial and logistics, but also between human systems to optimize – particularly those who go in every second case.