[ICO Watch] **8/10** Safe Haven makes digital assets inheritable
Vision: Protocol to protect your digital assets without locking you out
Summary:
Owning digital currencies comes with a lot of risk especially because once private keys or seeds are lost (as result of simple forgetfulness, loss of keys or saved passphrases or in some instances even death), they cannot be retrieved again. This has led to scepticism and hinders the mass adoption of cryptocurrencies.
Safe Haven solves this problem of loss of private keys by guaranteeing the safe and secure passage of those keys or seeds to relatives when the owner is not around anymore while allowing the owner to have complete access while they are still around.
In order to protect your digital assets, Safe Haven gives you the opportunity to do so without locking yourself out. Seeds, private-keys or passphrases can be shared amongst stakeholders or children in a transparent and secure way. The protocol built by Safe Haven distributes the shares in such a way that the main owner always keeps control over his assets.
“In a short and simple way, we encrypt your private key and divide it among the people you choose. We will never hold it. Without the entire key, it is impossible to access your bitcoin. Should something happen to you, your family can use our platform to de-decrypt and combine the shares and access your private key.”
Team & Advisors ⭐- 8/10
The Safe Haven core team has years of experience in development, security and account management.
Jürgen Schouppe: Entrepreneur with over 10 years of experience in developing and network security for the European Parliament in Brussels
Logino Dujardin: Years of experience in multinational companies especially in account management
Andy Demeulemeester: Crypto-enthusiast and developer with more than 10 years of experience in different development languages and platforms
The advisors for the project include experts in the field of policies, social media and branding including researchers behind the popular YouTube channel Altcoin Buzz.
Roadmap – 9/10
Safe Haven developers are working right now on ERC-20 integrations and the first variation of the SHA token smart contract is complete.
Q4, 2017: Development of front-end
Q1, 2018: Safe Haven platform development
Q2, 2018: Beta Launch Alliance Program Expansion
Q3, 2018: Platform production, Hardware ledger integration
Token Metrics – 8/10
Total Hardcap: $25,000,000
Total tokens: 85,000,000 tokens
Token sale %: 60% (Private + Presale + ICO)
Token price: 0.0005 ETH
Competitors
MyWish is a platform which allows anyone to create smart contracts and customize it to their own needs. This includes a contract for inheritance which will transfer the person’s savings to his family or friends in case of events like sudden illness or death. However since Safe Haven is built exclusively for inheritance, it has additional layers of security which its competitors do not have.
Verdict – 82%
With more and more interest in cryptocurrencies, there will be increased demand for solutions like Safe Haven. It solves a real problem by ensuring that in the event of death, the private keys or seeds are passed on to his family. Safe Haven also has the first-mover advantage with weak competition. Therefore, we believe this to be a long-term hold.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
