There have been numerous stories circulating in the internet about individuals who have lost their cryptocurrency holdings due to carelessness, mistakes, or even issues related to fork.
Safe Haven aims to provide a solution for such problems with its state-of-the-art, decentralized, security and continuity solutions. Safe Haven has announced its decision to launch its project on the VeChainThor platform.
Safe Haven’s solution will be applicable to multiple markets as the legal entities are integrated into a decentralized solution for the inheritance of passphrases, bank accounts, social media accounts and cryptocurrency. Safe Haven will also work in unison with their patented Trust Alliance Network (TAN) to empower legal entities to provide guidance, assurance, and services for members on the Safe Haven Platform.
To put it in simpler terms, Safe Haven, with its platform, answers the question how would someone ensure a smooth transfer of digital legacy after they are gone?
Safe Haven offers four different products to suit the requirements of individuals.
The Family Circle Plan (TFC) — The TFC is for those who want defined members of their inheritance to access their assets on the day of their passing.
The Business Continuity Plan (BCP) — This product allows companies to distribute authority, ownership, and assets in programmable smart contracts to be executed on a set event, outcome, or procedure.
Investment Circles — This is an improvement on the multisig wallet for those managing grouped funds to operate on a their own defined terms and procedures.
Safe Haven Vault — On top of securing your digital assets (private-keys/seeds/passwords from FB, Google, documents, …) on the blockchain, you are able to distribute the necessary data to designated individuals under the terms you set.
Safe Haven Official
The testing of the Safe Haven Family Circle Distribution Protocol is being carried out on the Ropsten network as of the end of May. Other protection plans will be implemented in the platform soon. Once the mainnet of the VeChainThor Blockchain goes live, the Safe Haven will move forward with their alpha release.
