Safe Haven, a project building solutions for digital inheritance, asset distribution and asset control on the VeChainThor Network, has officially announced that the initial form of its flagship product, the Safe Haven Inheritance Platform (SHIP), has been completed. After months of hard work, the SHIP is ready for action.
The team revealed that it has several potential partnerships lined up for near-term integration. Further, Safe Haven reports the team is already hard at work creating an enhanced version of the SHIP that will pave the way towards enhanced user adoption.
SHIP is now ready to begin initial testing of APIs and begin a closed beta program with some of its most trusted future partners. With Safe Haven working already on an enhanced upgrade for release in the coming months, the team will be labeling these two versions of the Inheritance Platform as SHIP v1.0 and SHIP v1.1.
Highlights on 1.0
SHIP’s contract system is a complex series of shares that are housed within each dedicated smart-contract. Two significant aspects of such are the storage of shares within the dedicated smart-contract and the deployment of the contracts themselves. These two aspects of the platform architecture are what make the Inheritance Platform “work.”
- Notification system – Part of the platform that communicates with the trustees, benefactors, and executors (amongst others), indicating which steps need to be taken and in what order they are to be followed. This process is initiated via the inheritance (or continuity) plan’s validator (generally a lawyer) — who logs into the account once the estate conditions have been met. His validation sends out an automated series of chronological instructions to all parties, which is what makes the platform intuitive and easy to use.
- Share authority model – This key aspect of the platform’s code supports one of the crucial nuances of the estate and continuity plans: shareholder weighting factors. This is similar to the concept of preferred stock, in that it allows for certain shareholders to have greater rights in regards to voting and/or the appropriation of funds.
- Linking the inheritance platform with a VeChain wallet system – For this, the team decided to integrate support for the Comet Wallet along with a custom client-side key management system in our initial construct. As work continues on SHIP v1.1, other wallet integrations will be made creating a more robust and inclusive product.
Within a few short months there will be a platform available to exchange and business partners, and consumer customers alike, that will make digital asset inheritance both easy-to-use and perfectly safe.
Safe Haven gives contributors the opportunity to secure their digital assets without locking themselves out. Thanks to its unique TFC Share Distribution Key, Escrow Protocol, and the Trust Alliance Network (TAN), seeds/private keys/passphrases can be shared amongst stakeholders or family members in a transparent and secure manner.
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