The day before my surgery, which had high probability that I may not survive; I was setting up master key for my encryption keys, writing it to a physical file and handed it to my father telling him to hand it over to my company shareholders if the need arises and provided biometric access to my mother from my smartphone. Reason being, I was the single founder, executive of my startup, all the intangible assets was under my control and most of it encrypted as it should be.
So, incase of my demise I wanted my shareholders to have access to the data if they decide to run the company. Obviously I survived, but looking back at that day; I feel that if someone knew that they may die the next day they should probably do something better with their time than reminding their loved ones that they may die. Of-course, writing master key to a file is not great for security either.
For a non subjective example for this need gap, $145 million worth cryptocurrencies
was locked after the CEO died and he was the only person with the passphrase for encryption.
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