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Introduction
People getting married on the blockchain, shocking right??
Every day, blockchaintechnology breaks new ground. It has an extensive variety of applications, including keeping track of transactions, checking for errors in financial bookkeeping, and securing digital assets. Using blockchain to perform a marriage ceremony is probably something few people have considered. But, with this digital wedding, India has broken new ground. With the metaverse planning to bring life as we know it to digital space, this information boosts technologists.
A Blockchain is a distributed database or a ledger shared between many computer network nodes. A blockchain, like a database, stores information electronically in a digital format. Blockchains are best known for their crucial role in cryptocurrency systems like Bitcoin, where they keep a secure and decentralized record of transactions. The blockchain's innovation ensures the allegiance and security of a data record and initiates trust without the need for a trusted third party.
NFTs are intended to secure digital files in a way that ensures ownership while also creating scarcity. An NFT, like physical art, can be sold, but the artist can keep the copyright, offer it to the buyer, or decide on a percentage of secondary sales an owner can have. An NFT can only be hosted at one network address, cannot be duplicated, and can only be transferred with the help of a private key. We can access the actual history and confirm the authenticity of digital artworks on the market because transactions are recorded on the blockchain.
Unlike traditional marriage, in which the state, the law, or religion acts as an institution to regulate the union between the two partners, a blockchain wedding is decentralized and can be as flexible as the wishes of the blockchain's owners.
Smart contracts can be created by couples and can be renewed, changed, or dissolved on an annual basis. Although it does not carry legal weight in Indian law (or even US law), it is an appealing option for couples because, unlike a traditional marriage certificate, which deteriorates over time, this one will remain on the blockchain forever.
A smart contract is a digital agreement among people that can be accessed at any time by scanning the blockchain. Regardless of whether the most optimistic predictions come true, the blockchain gives users a clear and simple method to carry out contractual verification. Because they can settle transactions without the requirement for third-party verification, smart contracts have already found wide use in trade finance. If the blockchain truly is eternal, etching marriage contracts into its fabric is a low-cost and novel way to gain access to the newly formed ecosystem of cryptographic technologies.
People can use smartphones to exchange NFTs (non-fungible tokens) as virtual rings during their wedding ceremony. Using the Blockchain, NFTs enable people to buy and sell ownership of unique digital items while also keeping track of who owns them. It can theoretically contain anything digital, such as drawings, tweets, wedding rings, animated GIFs, songs, or even video games.
So the ultimate question is whether you can get married on Blockchain. Well, yes, as the metaverse is here, everything is possible. Because of the coronavirus pandemic, many couples had smaller, and more intimate weddings. At this point, many people have turned to technology to ensure that their close friends and family members do not miss out on the festivities.
Though there are no legal implications to using a blockchain ecosystem to marry, the innovative approach to quickly and easily pronounce a union between two or more people may eventually require nations to reevaluate the institution entirely. With blockchain increasingly being viewed as just another asset in investment portfolios, extending the technology to the social realms of life could be the next step in preserving the blockchain's original anti-authoritarian goals.
India's First Blockchain Wedding
People worldwide have been hosting weddings officiated by 'digital priests' and exchanging virtual tokens because of this new craze! Now, a Pune couple has made headlines by hosting what has been dubbed India's first blockchain wedding.
They decided to immortalize their union using blockchain technology, groom Anil Narasipuram has stated on LinkedIn, adding that the husband and wife wanted a small, intimate ceremony during the pandemic.
Shruti Nair, and his husband Narasipuram, made their marriage "blockchain official" shortly after their court marriage in November, in an atypical online ceremony, according to the post.
Their marriage was officiated by 'digital priest' Anoop Pakki, and they exchanged vows while seated in front of their laptops. The couple sealed the deal with an Ethereum smart contract that sanctified our commitment to one another in the form of an NFT minted on OpenSea. Previously, a couple from Tamil Nadu announced that they would host the first-ever Metaverse wedding reception.
“The thing transforming is not the technology — it’s the technology transforming you.”
The Ethereum blockchain is used to send digital ring tokens to your partner. As proof of marriage, the digital rings were stored on the blockchain.
What exactly is an NFT marriage certificate?
Non Fungible Rings issued this Marriage Registration on Blockchain NFT Certification.
What is Blockchain?
A blockchain is a distributed database or a ledger shared between many computer network nodes.
What is the relationship between NFT and Blockchain?
An NFT can only be hosted at one network address, cannot be duplicated, and can only be transferred with the help of a private key. We can access the actual history and confirm the authenticity of digital artworks on the market because transactions are recorded on the blockchain.
Who is the first Indian to marry on the blockchain?
Anil Narasipuram and Shruti Nair married in November 2021 in what was billed as India's first blockchain wedding, in a ceremony that had never occurred in the country before.
Conclusion
In this blog, we have learned about a blockchain wedding and how it is possible to get married using blockchain and NFT, and we also learned about the first Indian couple to get married using blockchain.
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