Smart Custody

#Smart Custody

Wednesday 9M

Convener: Christopher Allen @ChristopherA

Notes-taker(s): Alan Jasper

Tags for the session - technology discussed/ideas considered:

#SmartCustody

Discussion notes, key understandings, outstanding questions, observations, and, if appropriate to this discussion: action items, next steps:

Base scenario – a first world person has digital assets.  How to protect them from disasters, such as natural disasters, fires, compromise, attack by adversary.

Adversaries – 28 personas.  This approach defends against 10 of them.

Includes systemic network attack.

The process to follow can be read at

bit.ly/SimpleCustodyColdStorage

Describes the recommended procedure, based on setting up a local ledger on an offline storage device.

Create a set of 3 metal plates with the key stamped on it.  There is a titanium version.  Put in a home vault or a bank vault.

Test twice a year.  Write a document telling people you trust, e.g. spouse, how to recover after you’re gone.

More documents being drafted.

Fiduciary responsibilities.

There was a discussion on custody-as-a-service solutions/service providers – pros and cons.

Discussion on what assets could be stored this way, such as keys to other wallets, passwords to online financial accounts, social media, etc.  Consensus was most but not everything.