Safely Pass Along Your Crypto Inheritance With Your SafeKey.
SafeKey has been designed with custom internal storage that allows encrypted shares of sensitive data to be stored offline. SafeKey is also the only device that’s compatible with our digital inheritance platform Inheriti®, which is a patented solution to create your own inheritance plans..
Thanks to our self-developed and patented Secret Shares Distribution Protocol (SSDP) you can easily set up crypto inheritance plans with a combination of your SafeKey and Inheriti®. This unique process is developed so that multiple beneficiaries can safely maintain shared ownership of your crypto inheritance via their own SafeKey(s).
If an inheritance plan ever needs to be activated, the SafeKeys have to be brought together to merge and decrypt the individual shares. If that’s done successfully, the inheritance gets revealed to the beneficiaries. Until then, the data stays encrypted and secret, only known to you as the owner of the inheritance plan. Each individual share is useless on its own but when all the shares are together, they reconstruct the original data.
With this, SafeKey is enabling people to confidently leave their crypto funds in a way that is secure and empowering by smartly applying Shamir’s Secret Sharing Algorithm.
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What Is A Crypto Inheritance Plan?
A crypto inheritance plan can be seen as a guide to manage the transfer of cryptocurrency funds from someone who passed away to his/her beneficiaries. It allows someone’s legacy to be distributed securely amongst an untrusted network. Ideally according to crypto standards, being in a decentralized way, without a middleman.
A crypto inheritance plan acts as some kind of inventory of all your digital possessions and property and it helps your heirs to gain access to your crypto funds.
Without a secure crypto inheritance plan, your family and friends may no longer have access to cryptocurrencies such as your Bitcoin, Ethereum and even NFTs.
This problem didn’t exist before the age of crypto, but we’re solving it now.
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The Crypto Inheritance Problem: What If You Die?
There’s an inheritance problem in crypto.
In crypto’s history, many fortunes have been made, but more and more fortunes are now getting lost forever. There are many cases where people have lost their seed phrase or private key, had their computer crash or died unexpectedly. Even keyholders of business organizations have disappeared.
How is this possible funds can get lost that easily?
In a multi-trillion dollar industry, valuable assets still too often ought to be secured beyond writing a secret phrase on a little piece of paper. Very few people are taking proper care of their hard earned assets.
So how do you make sure your cryptocurrencies will never get lost, even after your death?
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Protect Your Legacy With Your Own Immutable Crypto Inheritance Plan Thanks To SafeKey And Inheriti®.
When you die, you have more to your name than physical assets or properties. If something were to happen to you, wouldn’t you want to make sure that your loved ones receive access to your cryptocurrencies as well?
If there is no crypto inheritance plan and you have no secure backup of your seed phrase, then your funds might disappear forever if you die. It also wouldn’t be clear who you would want to receive your cryptocurrencies if you haven’t shared access with certain people.
Or have you ever thought about what happens if someone does get hold of the private keys and seed phrases of your crypto wallets, but there’s no trustworthy supervisor and they keep the crypto for themselves? One person can easily steal everything without the rest even noticing.
A crypto inheritance plan gives you the power to keep control over your cryptocurrencies and NFTs forever, even after your death.
So what’s the best way to accomplish ultimate protection?
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How Does Crypto Inheritance Work With Your SafeKey?
The most secure solution is to create your own crypto inheritance plan through Inheriti® in combination with multiple SafeKeys. It’s the only 100% decentralized solution to crypto inheritance and its unique Secret Shares Distribution Protocol (SSDP) has multiple patents in different jurisdictions around the world.
Inheriti® makes it possible to transfer secret and sensitive data after your death, without anyone else being able to access it in advance or without your consent.
Simply said: Inheriti® encrypts and splits data into secret shares. Those shares are then stored on multiple SafeKey devices and have to be brought back together in order to reveal the data.
Important to note here is that you never directly leave funds or actual cryptocurrencies in your crypto inheritance plan. Instead you leave data or credentials (guidelines, private keys, passwords, user names, pin codes, …) to access the location (your wallet, exchange, ledger, …) where your cryptocurrencies and NFTs are located.
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The Dead Man Switch (DMS).
A dead man switch is a mechanism that is designed to be activated when you become incapacitated through death or loss of consciousness. Originally, it was only applied to vehicles or machines and were used to verify if the operator was still there and actively operating the device.
Later it started to be used in computer software and today it is also used in how our crypto inheritance platform Inheriti® releases or unlocks your crypto inheritance plan.
When your beneficiaries bring their SafeKeys together, Inheriti® puts the Dead Man Switch process in action. The “non-event” which triggers the Dead Man Switch to be activated and release your inheritance is you not responding to automated text messages, emails or push notifications to your mobile phone.
This will verify if you, as the owner of the crypto inheritance plan is still alive and if your inheritance can be released or not.
The Dead Man Switch also acts as an additional security mechanism since no one will be able to unlock your inheritance plan without you being alerted first.
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Benefits Of Managing Your Crypto Inheritance With Your SafeKey And Inheriti®.
SafeKey in combination with Inheriti® is the safest solution for your crypto inheritance.
- Stop worrying about your legacy
- Avoid loss of cryptocurrencies and NFTs
- Keep control over your own funds, forever
- Select multiple beneficiaries
- Eliminate intermediaries
- SafeKey allows you to plausibly deny the existence of funds
- Use tamper proof and patented technology
- Highest standards of security and military grade encryption
- Ongoing independent audits
- 3-Layer topology
- Lifetime validity
- 100% decentralized
- No critical information is stored in databases
Generational wealth starts with a crypto inheritance plan.
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You should select your SafeKey based on the services (i.e. websites and apps) and devices you want to use the SafeKey with. Please see the resources below to help you decide on which SafeKey will be your best fit.
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Why Use A SafeKey?
Discover why you should use a SafeKey and how it'll help you eliminate the security vulnerabilities you're facing today.
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Other Crypto Use Cases
Avoid that your crypto exchange accounts are getting hacked by simply using a SafeKey.
Learn moreStore private keys and seed phrases in the most secure way possible and make them theft-, loss-, and hacker-proof.
Learn moreSafely pass along your cryptocurrencies and NFTs after your death, without using a middleman.
Learn moreA decentralized backup plan created with Inheriti® and stored on multiple SafeKeys gives you the power to keep control over your assets forever.
Learn moreIf you don’t want your seed phrases, private keys, passwords, exchange accounts, … fall in the hand of malicious people, you have to take your security one step further.
Learn moreStop modern threats and keep your web3 assets like your cryptocurrencies and NFTs, or user accounts for exchanges, safe at all times.
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