Safe Haven (SHA) Chooses VeChainThor Over Ethereum Blockchain

VeChain’s upcoming mainnet, VeChainThor, will soon serve as the the protocol upon which Safe Haven (SHA) runs on, according to news broken on Sunday confirming their decision to move their project off of the Ethereum network. Whilst not explicitly stated, it’s likely that Ethereum’s scalability concerns were partly responsible for Safe Haven’s decision to move.

Safe Haven is building cutting edge security and continuity solutions for various markets by integrating legal entities into a decentralized solution for the inheritance of passphrases, bank accounts, social media accounts and cryptocurrency. They will utilize their patented Trust Alliance Network (TAN) to empower legal entities to provide guidance, assurance, and services for members on the Safe Haven Platform.

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?

In an announcement issued by the VeChain Foundation, they confirmed that “after reviewing [Safe Haven’s] technology, network, and background,” it became apparent that the Singaporean crypto startup, who are building cutting-edge security and continuity solutions for inheritance, asset distribution, and asset control, could indeed add “true value” to the soon-to-be-released VeChainThor blockchain.

Although Safe Haven has already conducted a pre-ICO and private sale of their SHA virtual tokens, the VeChain Foundation interestingly added that “the dates to begin the VET private and public offerings will be announced at a later date.” Per their website, Safe Haven states that public ICO dates “will be announced soon.”

Overall, partnering with Safe Haven “will allow users access to a host of necessary solutions for continuity,” the VeChain Foundation indicated.

“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?” 

They are offering four different products:

• 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.

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