Safe Haven - Building solutions for inheritance, asset distribution and asset control on the VeChainThor Network.
Cryptocurrencies and digital assets are a new and evolving concept that promote a future with decentralized stores of value and peerto-peer transactions. However, with any new and revolutionary idea comes skepticism and distrust. Digital currencies are volatile, unpredictable, and easily lost. Once our valuable stakes in digital assets are gone, they cannot ever be retrieved regardless of reasons (simple forgetfulness, loss of keys or saved passphrases, or in some instances, death). Losing cryptocurrencies contributes to the many problems hindering the advancement and widespread utilization of digital assets in the modern world. Safe Haven offers a solution to this problem by providing a safe, secure, and transparent means for one’s digital assets to be inherited by anyone they choose, at any time they choose, while remaining in full control of their investment. Safe Haven’s complex, yet effective platform uses the advanced technology of Smart Contracts combined with legal entities from across the globe. This combination empowers Safe Haven Digital Asset (SHA DA) holders to ensure secure inheritance of widespread digital assets. Any group or organization can utilize Safe Haven’s platform. The Safe Haven solution requires minimal involvement, which results in the initiator remaining in control. The initiator may retrieve his or her token at any time throughout the process. Through secure encryption, the initiator’s keys are split and encoded in the lockchain. The number of times the key is split varies, and depends on The number of times the key is split varies between each case. By enlisting legal entities worldwide via our TAN (Trust Alliance Network) each individual case is legally noted, and conditions for inheritance are given on an individual level, dependent on the wishes of the initiator. By involving both legal entities and secure, encrypted transactions all while leaving the initiator completely in control, our solution is transparent, easy to use, and unprecedented.