The company completely revamped its original product to answer web3 community needs, whilst also to make the product accessible for web2 users.Safe Haven, a web3 company providing decentralized solutions for backup, inheritance, and data transfers, announced today that its releasing Inheriti® 2.0, a multi-patented, multi-signatory, distributed storage solution for access to digital data and digital inheritance that allows cryptocurrency owners to securely back up their private keys or secret data while still maintaining full custody of them.
The new product is a total revamp of its V1.0 version, which only offered digital inheritance—an industry that itself is set to reach a market size of $52 billion by 2030.
Inheriti® V2.0 introduces an entirely separate flow for backup plans and inheritance plans—a massive feature. Using the new workflow, users can release their data in less than a minute. The system lets users secure private keys, seed phrases, credit card details, online accounts, or any plain text data using the company’s multi-patented Secure Share Distribution Protocol (SSDP).
Patents for the technology are active in the USA under patent number US11316668B2 and in Europe under EP3654578B1. China’s patent is pending.
The patents are held by SafeTech Labs, Safe Haven’s holding company that develops Safe Haven’s ecosystem of technology.
SSDP is a cutting-edge engineered to ensure the utmost security and reliability in digital asset management. SSDP uses proprietary techniques encompassing encryption and fragmentation, distributed storage, and controlled recovery. The technology is integral to how Inheriti® protects digital data, setting new standards in the industry for encryption and decentralization.
Additionally, Inheriti® V2.0 introduces:
● A mobile app for secure storage of encrypted shares.
● More extensive options to tailor each plan.
● Total user interface (UI) overhaul for an exceptional user experience (UX).
● Web2 payment options.
● Latest security enhancements.
● The ability to add a “social circle” backup plan that requires a minimum number of users to come together to decrypt it—useful for company backup plans and DAOs.
● Invoicing for private and business users.
● 100% privacy regulation compliance.
“Web3 and blockchain are the only technologies capable of securely meeting the needs of private key backup solutions today,” says Jürgen Schouppe, CEO and co-founder of Safe Haven and SafeTech Labs. “Inheriti® V2.0 is the world’s first product that implements every single industry best-practice to ensure that users maintain custody of their keys and seed phrases while still preventing the risk of data loss if they lose their backup credentials.”
Multiple third-party security tests have confirmed that Safe Haven does not store any user keys on its backend systems.
“We’re adamant believers in ‘not your keys, not your crypto,’ and we’ve designed every aspect of Inheriti® to ensure this always remains true,” says Schouppe.
Inheriti® uses a combination of triggers and data shares that must be combined in a controlled way to successfully decrypt the entire backup package. Users can also set up a “Dead Man’s Switch (NYSE:SWCH)” that will run its course and release the keys to designated beneficiaries if the user is unable to participate in the decryption themselves.
The Inheriti® service will be available starting August 29, 2024 and users can create their backup plans here: https://www.inheriti.com/.
For more information about Inheriti® V2.0, visit https://www.inheriti.com/.
About Safe Haven: Established in 2017, Safe Haven specializes in backup, inheritance and data transfer products. The Safe Haven ecosystem of products includes a hardware device, custom wallet, blockchain development services platform, an ID management solution, and other web3 solutions. SafeTech Labs, the company behind Safe Haven’s technology, holds patents in the USA and Europe, and has a patent pending in China.
ContactCEOJürgen SchouppeSafe Havenpress@safetech.io
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
