Securing Marriages Through Blockchain Technology

Securing Marriages Through Blockchain Technology

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February 25, 2018 Blockchain Magazine
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The place we are living in today is a technology driven world. One such technological advancement is Bitnation’s Blockchain technology. Earlier its focus was on financial sectors but now it is being used to spread love as well. Bitnation, the world’s first decentralise public ledger is now featuring us with ‘Smart Love’ which is a
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The place we are living in today is a technology driven world. One such technological advancement is Bitnation’s Blockchain technology. Earlier its focus was on financial sectors but now it is being used to spread love as well.

Bitnation, the world’s first decentralise public ledger is now featuring us with ‘Smart Love’ which is a blockchain powered marriage registry service. Smart Love by design, link to broader spectrum of agreements such as child care, inheritance, asset sharing etc.

Blockchain and Marriage

Blockchain and its endless possibilities are being used to record different sorts of data on a global scale in a decentralise form.Since a majority of laws regarding marriage has not been amended or changed in the past few decades and also people from different nations have to go through a lot of paper work to register their legitimacy in both the countries accordingly, there was a genuine need to reduce the hassle.

The first blockchain marriage of David Mondrus, serial entrepreneur, Bitnation advisor and his wife Joyce Bayo who he met in Philippines, took place on 5th of Oct 2014 at Diseny World, Bitcoin Conference, Florida. They marriage Oath was, “Life is not eternal and death can separate us but blockchain is forever.”

Mondrus said in one of his interviews , “Two people who love each other must spend thousands of dollars, months or even years of time and lots of paper to two governments for the privilege of moving across imaginary lines. Not only that, but the marriage is only legal in the country you file. So when we got married in the US, the government of the Philippines had no idea about it. It was only after we had travelled to the embassy, filled out more paperwork and waited that it was officially recognized over there. Let me tell you, it was painful.”

Another innovation using blockchain!

Blockchain technology came out as a solution to this tedious task of uniting lovers across countries.  Blockchain is a unified system to record all of the ceremonies in a single step on a platform by creating a decentralise and transparent global marriage registry portal which not only transform the institution of marriage but also provide security by allowing the couple to specify the extra conditions as per their prenup and marriage contracts.

In May 2016, Bitnation founder, Susane Tarkowski Tempelhof got married to her husband James Fennel Tempelhof on Blockchain, at Bitcoin Embassy in Amsterdam.

What is Smart Love?

Susane said, ” Smart Love is the sandbox in which we can experiment with our technology to create a useful application from which we can build the entire Pangea ecosystem: an Emoji-enabled, decentralized and encrypted chat application on which Bitnation Citizens can create and enter into robust legal contracts and resolve disputes with anyone else in the world, without any 3rd party intervention.”

Bitnation’s pledge to freedom extends the legal acceptance to all sorts of marriages be it same sex marriage, polyamorous relationships and interfaith marriages etc. “Prenups, postnups, child care contracts, even multi-party marriages can all be designed the way you want using the legal code that suits you best,” Mr. Mondrus explains of smart contracts and marriage

Now this, surely, is a break away from norms.

Without church, government or any middleman involved, one can register marriage on a global public ledger. This technological advancement makes the process hassle free and liberating as well.

Blockchain Magazine is an independent platform mainly focused on news and stories related to blockchain and other decentralized technologies. We are committed to deliver and present a reliable and true picture of blockchain framework.

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