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This already exists - that's how Heaven and Hell keep track of souls.

You know why it's so hot in Hell? Because that's where the exhaust ports of the AC units cooling the soulchain mining servers are.

Fantastic! Surely someone will torture you for your key, no? This needs to be an episode of Your Pretty Face is Going to Hell.

Even with the key the transaction cannot be deleted. The eternity of the soul is a perfect fit for an append-only ledger.

Starting a timer to see how long it takes for a soulchain to be offered.

Well, if you're powerful enough you can always fork to create Horcruxes

That technology is too advanced to be revealed to humans, didn’t you get the memo?