Digital Prenuptial Contract Uses Blockchain

by Admin on June 24, 2016

New prenuptial agreement designed by soon-to-be newlyweds to change marriage obligations.

Soon-to-be newlyweds Gaurang Torvekar and Sayalee Kaluskar have recently designed a new prenuptial agreement where ‘the frequency at which you shop, the number of chores you do, and your preference to your mother’s spaghetti recipe over your spouse’s could be a violable offense.’

Torvekar and Kaluskar wrote on their website:

“While talking about blockchains and its endless possibilities, we thought of using it to solve our day to day problems. As we are getting married this December, we immediately thought of a putting our pre-nup on the blockchain as a “smart” solution.”

Chaninat and Leeds Bangkok lawyers specialize in Thailand Family Law, Thailand Prenuptial Agreements, divorce and child custody cases

The legal status of these contracts is still very much debated. ‘Ethereum Foundation advisor and author of Business Blockchain William Mougayar’ stated in April that smart contracts are at present not enforceable under the law, even if they do allow increased automation.

Read more here

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