VeChain (VEN) and Safe Haven collaborate for Digital Legacies
VeChain (VEN) recently tweeted about them collaborating with Safe Haven to offer digitized inheritances. They will build their legacy system on the upcoming VeChainThor Blockchain. VeChain has recently collaborated with DB Schenker for pioneering solutions to the logistics industry.
What is Safe Haven?
Blockchain technology’s trustless, immutable nature may offer unparalleled security. But, Singapore-based Safe Haven thinks that the main issue cryptocurrencies face is legacy. The Safe Haven platform provides solutions for digital inheritance and continuity by working with their patented Trust Alliance Network (TAN). TAN allows them to provide crypto-asset owners with additional legal services.
The announcement of the collaboration comes right after the closure of Safe Haven’s private sale and testnet launch. They hope that this will prove to be a booster for the project’s approaching ICO.
VeChain and Safe Haven Collaboration
VeChain believes Safe Haven’s legacy solution will provide “true value” to its upcoming VET Blockchain launch. This cemented their partnership with the Singapore-based Safe Chain.
Related Article: VeChain ensures data security by INPI Asia and ITP collaboration
Speaking about the partnership, the VeChain team said,
“After reviewing their company’s technology, network, and background we see true value added to our platform by working together in partnership. This partnership will allow users access to a host of necessary solutions for continuity.”
They further added that,
“Safe Haven resolves the question that everyone should be considering: how would your loved ones and partners gain proper access to your digital legacy when you are gone?”
Future-proofing digital assets
Safe Haven stresses on the necessity of a safeguard which will protect your cryptocurrency and digital losses from unforeseeable losses. The pointed out instances of lost private keys, unwanted Blockchain forks, and “stories of lost Bitcoin and other digital assets.”
Jurgen Schouppe, the founder of Safe Haven explains further by saying,
“As I thought of bringing this technology into my family’s everyday life, I knew then and there that my legacy would not pass with it. If I make a paper wallet and the house burns, everything is gone. If I trust an exchange and I am compromised, I lose everything. If I misplace my private key, all is lost with it.”
Safe Haven’s smart contracts distribute a user’s private keys, passwords, and bank account credentials to designated third parties for inheritance. This will be done as per the terms set by an individual or business.
While Safe Haven’s major focus is on legacy of cryptocurrencies, they will also target other digital assets. This includes bank and social media accounts, and various passphrases. Through Safe Haven crypto owners can create plans for distributing their digital inheritance and business continuity plans among loved ones.
Image via shutterstock
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