- Safe Haven offers a solution to make digital assets inheritable
- Their services allow owners to ensure their crypto assets can be transferred to their friends or loved ones the moment something happens to them
- Digital inheritances are secured long as the ones who will inherit them will keep their shares safe
These days, many are worried about their digital assets being stolen or lost. That’s why people resort to different precautions to ensure their investments are safe. But with all the precautionary measures in mind, how can one ensure that his digital investments are safe even after death? What will happen to these digital assets should an investor die? Will all of his assets die with him?
Safe Haven offers just such a solution. The company offers a safe, effective, and secure solution so that a person’s digital assets can be inherited. They can choose anyone from their friends or loved ones, at any time, all while remaining in full control of their investment.
Safe Haven and Their TFC Product
Safe Haven is a VeChainThor Blockchain built platform that provides solutions for digital continuity and inheritance. They can also provide legal assistance to their cryptoasset clients as they are working in unison with Trust Alliance Network (TAN). Their services can help all owners to easily make plans and properly distribute their digital inheritance to whomever they choose.
The Family Circle or TFC is one of the solutions offered by Safe Haven. It is a group comprised of anyone that the user prefers. They can choose from family to friends or even stakeholders to be part of the group. The company also uses a protocol called TFC SDP, which is used to establish a circle of trust in the ecosystem. Another solution offered by Safe Haven is Secret Sharing for cryptography. It refers to any method for delivering a secret among a group of people. Each of the participants allocates a share of the secret. The secret can only be reconstructed the moment that the shares are combined together. As for the individual shares, they cannot be used on their own.
Successors must still keep their own shares safe
Digital inheritances will be secured so long as the children keep their 6 shares safe. In case they fail to keep their shares safe, Safe Haven has fail-safe shares option. However, it cannot be given under any circumstances, to one of the participants. This is because doing so would risk the entire operation setup by the dealer. Children are not allowed to construct the secret share if the validators share are not available. They will only be able to do this when they have the backup shares.