Safe Haven x SatoshiClub AMA from 09 September

Safe Haven x SatoshiClub AMA from 09 September

Safety First is Safety Always. Satoshi Club always cares about safety of its members, so today we would like to tell you about the AMA session with our friends from Safe Haven. The AMA took place on September 09 and our guests were Thomas, the Head of Business and Growth at Safe Haven and Logino Dujardin, Co-founder & CEO

The total reward pool was 800$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Serg | Satoshi Club: Dear community, today our guests are from @SafeHavenio.
@Safe_HavD and @AmbroTA , welcome to Satoshi Club!

Dujardin Logino: Thank you Serg, happy to be here!

Irina K. | @satoshi_club: Hi everyone and welcome to another episode of our AMA series

Thomas: Thank you, Serg.

Irina K. | @satoshi_club: Welcome @Safe_HavD and @AmbroTA! How are you today guys?

Serg | Satoshi Club: We are happy to have you here as well. a project with a good history behind it

Dujardin Logino: Pretty well, excited to answer all your questions 😉

Thomas: We’re well, thank you for asking.

Serg | Satoshi Club: For the beginning, please tell us about yourselves, how did you get into crypto, how did you start Safe Haven

Thomas: I’ve been within the space since 2014. I have worked as a moderator early on, began my own referral business (within the space). I started with Safe Haven in early 2018 – I have a background in business and human resources. I am currently the Head of Business and Growth.

Dujardin Logino: I’ve been in crypto since 2016 right before the madness haha. I started my journey in building a community for OMG that time. It was basically in that community that i talked to the current founder and CTO Jurgen about an idea we both had. That idea was digital inheritance since we both have kids but there was no secure and safe solution on the market. A few months later back in December 2017 Safe Haven was born.

Serg | Satoshi Club: December 2017 was the peak 😁 after that we’ve seen some hard times for crypto

Thomas: We worked through those hard times 🙂

Irina K. | @satoshi_club: A pretty hard period, wasn’t it?

Thomas: We kept our heads down and developed. That was the key.

Dujardin Logino: Correct. These times gave us the opportunity to not focus on the market but focus on building and our products.

Serg | Satoshi Club: How was it? many companies have closed their doors. You are still here with us 🙂 how did you manage to get through?

Thomas: Well, we stayed lean. The approach we took was to ensure we maintained low overhead and continued to develop in tech and on the legal side. While other projects continued to throw money at the space in efforts to pick up their viewership, we kept our heads down.

Serg | Satoshi Club: Did you raise some funds back then?

Dujardin Logino: Yes we started in ’17 on Ethereum but migrated in ’18 to VeChain. The scalability issues on ETH made us to take that decision. We did our ICO on VeChain in oktober ’18 and raised around 1.3M USD. Its important to know that this was also our hardcap. We had no intention in raising millions like others did.

Irina K. | @satoshi_club: Good numbers for 2018

Serg | Satoshi Club: so, those were the operational funds for the company until now

Dujardin Logino: Thats correct.

Irina K. | @satoshi_club: Ok, thank you guys for the introductions. In the first part we have questions collected from our community. Ready to jump into it?

Dujardin Logino: We are ready

Q1 from bitcointalk user nyosant

This is the first time that I hear about inheritance-related blockchain solutions. Please could you explain how you came up with this idea and how you are dealing with all the regulatory matters concerning inheritance?

Dujardin Logino: Like explained in the introduction the idea came from 2 founders having kids looking for a solution to pass on our crypto assets to our family.

Thomas: As far as the legal aspect; each country and jurisdiction has it’s own laws. It’s important that everyone who uses our solution is aware of their local laws and regulations. It’s one of the reasons we recommend each user to utilize a legal entity when they set up a decentralized inheritance plan on our platform, Inheriti. So the laws of each jurisdiction must still be followed.

Serg | Satoshi Club: I see. So, basically you provide the platform but the users have to take care care of the legal part themselves. it’s important to know

Thomas: It’s also one of the reasons we developed the Trust Alliance Network, which will be designed to be a resource for users in finding legal entities that have adopted blockchain/digital currencies.

Irina K. | @satoshi_club: Will it be like Yellow Pages of blockchain lawyers? Something like that?

Thomas: Yes, to some degree.

Serg | Satoshi Club: do you have a list already?

Thomas: The Trust Alliance Network is a functional platform that people can sign up on. We will be integrating verification standards within the near future.
We also have some large organizations that already have legal contacts interested in becoming “legal entities” that people can reach out to within their jurisdictions. Of course, we want to release the flagship product Inheriti, first.

Serg | Satoshi Club: https://trustalliance.network

Dujardin Logino: You can already motivate your current lawyer or notary to sign up.

Irina K. | @satoshi_club: Do you have any incentives for them? To motivate them to switch and cover a new area/ topic?

Dujardin Logino: At the moment not yet. We are looking into a reward based system. But as blockchain technology keeps evolving and more people are looking for legal services, they can bring in more revenue by just signing up and offer their services to the crypto community.

Serg | Satoshi Club: I think that the financial incentives are enough 😁 from the contactor

Thomas: Keep in mind that these professionals work within the inheritance area. They will have to adopt in some way to ensure they can continue to provide their service. Bitcoin isn’t going anywhere…I believe the space has proven that

Serg | Satoshi Club: yes, and the first ones to do so will take a big pie of the crypto market

Thomas: Which means professionals within the inheritance market will have to find a means to provide a solution. However, no one is just going to hand over their PKs and PWs to a lawyer on paper.

Irina K. | @satoshi_club: Yeah, sure. So just to state some maybe a little bit obvious thing, but for someone that first hears about you it might help: you are into cryptocurrency inheritance business, no other type of inheritance

Dujardin Logino: We are targetting both traditional and non-traditional markets.Our first release the CE or Community Edition is 100% decentralised focused on the crypto community. Our BE or Business Edition is API based which makes it very easy to integrate in traditional providers.

Thomas: I will further this. We have reached out to several traditional vault-like organizations that organize the wishes of people, should something occur. They are JUST now beginning to get questions about crypto, but these are all centralized solutions.These centralized solutions area a gateway to information should they be infiltrated.

Serg | Satoshi Club: what if you give 4 parts of the private key to 4 different lawyers who don’t know each other? it’s more complicated, I know

Dujardin Logino: That would be a problem. Imagine you pass away and one of the others as well. No one could have access to the PK.

Irina K. | @satoshi_club: Death complicates things

Thomas: This wouldn’t be advisable. The goal would be to have one validator like a lawyer verify the legality of one’s passing. The rest would be family members or trusted individuals.

Serg | Satoshi Club: I think this topic is covered. We will cover some aspects of it in the next questions but for now I think we are clear 🙂

Q2 from bitcointalk user george.bend

You are one of the most serious projects in crypto, you already applied for multiple patents. Can you update us on their status? How many are approved and which ones in pending?

Dujardin Logino: Correct. Our patents are currently pending in US, China and Europe. I could give an explanation on what we just protected but it is to much to cover here. If that is ok, i will just share the overview in the chat.

Methods & Systems for #Cryptographic #PrivateKey Management for #Secure #Multiparty Storage & Transfer of #Information. Dive into our pending #patents within each jurisdiction.
US: https://patents.google.com/patent/US20200162246A1/
Europe: https://patents.google.com/patent/EP3654578A1/
China: https://patents.google.com/patent/CN111199045A/

Recently we applied for HongKong as well since this is a seperate jurisdiction.

Serg | Satoshi Club: by Europe you mean EU, right?

Dujardin Logino: Correct. The entire European Union.

Serg | Satoshi Club: What about other countries? In Russia for example?

Dujardin Logino: We have to start somewhere ofcourse. These patents are taking a huge chunk from our funds. We believe that with EU, US and CN we cover the most important regions for now. Ofcourse, in the future i am sure we will expand.

Serg | Satoshi Club: makes sense 🙂 and how much does it take for them to be approved?

Thomas: We continue to research different countries, in which to further our filings. The aspect of legal protection on patents is extremely time consuming.

Dujardin Logino: Filing a patent and having it approved can take up to 24 months.

Serg | Satoshi Club: ohh, these bureaucrats

Thomas: Depends on the filing itself, what it covers, the extent, etc… But as Logino mentioned, it could take years. The positive thing is that a patent pending acts as initial protection as per the date filing.

Q3 from Telegram user @Jonahapagu

A common Crypto quote says “Not your keys, Not your coins” when a user shares parts of his privates Keys with the Trust Alliance Network of Safe Haven How do your ensure that this private keys are not compromised by members of your Trust Alliance Network and does every member of this network have the ability retrieve the complete keys of users at anytime.

Thomas: Before we go further, Safe Haven does not manage any of the information that the user wishes to make inheritable. That information is stored on our U2F Fido and Cold Storage device, SafeKey. And that information is encrypted and only shares of the information accessing the inheritable data. And because it is decentralized, not one person can put together the data. Further. Let’s *pretend* someone attempts to compromise that data – our Inheriti platform has Dead-Man Switches that are selected by the user. When the plan is attempted to be merged those DMS activate.

Serg | Satoshi Club: maybe you get this question a lot and maybe you explained it a hundred times 😀 but many of our users don’t know about this. So, it’s good you are explaining the process behind it

Dujardin Logino: Also, only the initiator creating the plan knows what he has encrypted in the platform. You can go to our documentation: https://docs.inheriti.com and move to the part “We don’t own your critical information/data”. For the tech people in here, this is crucial information.

Irina K. | @satoshi_club: *Let’s *pretend* someone attempts to compromise that data – our Inheriti platform has Dead-Man Switches that are selected by the user. When the plan is attempted to be merged those DMS activate.* – What happens when the DMS activate?

Thomas: Remember, only one validator from the TAN should be used – or one that is your own resource. Other SafeKey holders are your family members.

DMSs are scenarios that allow the initiator to stop the process should they be alive and well. Emails, Login, Text Message, etc… They set up the DMS within the platform and set a timeframe for themselves to answer the switch. If the switch is not answered to within the allowed timeframe (set by the initiator of the plan) the family members and validator (legal entity) would be able to merge the data and obtain the inheritance.

Serg | Satoshi Club: so it’s like a 2FA

Dujardin Logino: Let us say its an extra security measure to make sure no one can bypass you as long as you are alive.

Serg | Satoshi Club: Theoretically, if I select to confirm them by email but I get lost for 1 week in a vacation without internet, I might get bypassed?

Thomas: Correct, so you want to establish multiple DMS. As we expand we will be adding more live-real-time coverage to ensure DMS are not missd.

Dujardin Logino: If you have chosen to confirm within a week yes. We advise to activate several DMS functions within a plan. E-mail, phonecall, sms, etc

Thomas: Only you know your lifestyle and what would work best for you. Now, keep in mind – let’s circle back to legally speaking.… Your validator – the person who has merge authority, should also be considering a legal certificate of some sort. Because, they would be risking their profession

Irina K. | @satoshi_club: You better keep your phone close to you 😊

Serg | Satoshi Club: and your enemies closer 😀

Dujardin Logino: Thats not a problem when you are in crypto, aren’t we all checking our blockfolio every minute 😁

Serg | Satoshi Club: I try to do this addictive thing less often 😁

Thomas: Yea, Serg – not fooling anyone. We live here, too.

Serg | Satoshi Club: you got me 😁 thanks for the explanation 🙂

Q4 from Telegram user @prahenkris

I see that you listed 10 products on the website! That’s impressive. Can you explain the most important ones. What are their functionalities. Also, what number of users do you have on them? number of downloads

Dujardin Logino: That is why we have written our documentation who basically explains the entire platform: https://docs.inheriti.com/5 Platform/

We have several important solutions who we believe will change the future of decentralised finance. Before i deep dive in some of them, all these are VeChain based but we will expand them to Ethereum and other chains in the future. The first one is ThorBlock (https://portal.thorblock.io

ThorBlock has 3 different use cases within that platform, 1) Pooling solution (similar to PrimaBlock), 2) Fundraising platform like KickStarter or GoFundMe and Charity solution where you can donate to your favorite charity organisation.

The second one is ThorPay (https://thorpay.io

Thomas: Our hardware device – which is covered under some of our patent filings – SafeKey is the cold storage device for which is necessary to establish a plan on Inheriti: https://shop.safetech.io

Dujardin Logino: ThorPay is a mass payment solution where you can send multiple transactions and currencies by clicking one button. We use the all occurs or nothing occurs model so if one transaction fails, they all fail. These is a solution for B2B clients who are sending out many TX’s monthly or daily to employees, bounty hunters, etc.. This one is currently in BETA

We have https://cometpowered.com, a browser wallet extension for Chrome, similar to MetaMask. We have ofcourse Inheriti (https://inheriti.com, our flagship product.

Serg | Satoshi Club: Will it be available for multiple blockchains?

Dujardin Logino: Currently on VeChain, ERC20 tokens will follow.

Thomas: ^ SafeKey could also be utilized in efforts to conduct multi-signatures transactions within ThorPay and issuing large blockchain payments.

Serg | Satoshi Club: nice, please add Tron as well 😁

Dujardin Logino: I forward to the tech team 😁

Irina K. | @satoshi_club: How big is your tech team by the way?

Serg | Satoshi Club: @ciupidos was searching once for a solution for TRC20 and couldn’t find it. So, if you will have one, we will definitely use it 🙂

Dujardin Logino: The luck we have is that 2 of the founders are very technical. Jurgen the CTO worked for the European Parliament as Security Engineer for over 15 years. Andy our COO has worked for the House Of Hr for over 10 years as a full stack developer.

Besides the 2 founders we have 2-3 people working for us on a freelance model, depending on the tasks need to be done. I am speaking about blockchain architects ofcourse.

Serg | Satoshi Club: I would like to ask Jurgen how many cyber attacks they had on the European Parliament in 15 years 😁

Dujardin Logino: He was basically an Ethical Whitehat 🙂

Irina K. | @satoshi_club: thanks for sharing. Lately a lot of projects don’t share important info about their teams

Dujardin Logino: We have been transparent to our community since day 1 on all aspects. Indeed, its important to own the key of your platforms and not rely on third parties. For that reason we have our own wallets etc

Serg | Satoshi Club: you developed a wide variety of products, I like that

Q5 from Telegram user @iulya_i

VeChain, Digibyte and others complete the long list of partners. Can you please name all the important ones and what were the benefits from these partnerships

Irina K. | @satoshi_club: We had a part regarding number of users that this products have

Serg | Satoshi Club: oh, yesss

Irina K. | @satoshi_club: if this information is available

Dujardin Logino: Sure. So like i said before, all these solutions are running on VeChain. VeChain is a new ecosystem with currently 5-6 projects. It is not comparitable to Ethereum (yet) so the users on our platforms are not as high as should be. This is the reason we partnered with others like Matic, DigiByte, Harmony, etc to push our solutions to other communities.

Thomas: So there are several benefits when working with the partners. Every partner is important – for example Matic Network has a strong influence in India, a growing area of blockchain.
Harmony is a U.S. based project with several network relations within the country.
Digibyte is truly decentralized – which is exactly what we are.
VeChain is a solid blockchain, capable of scaling and mass payment protocol; an important part of our solutions on the tech side.
The other aspect is that these teams are all very approachable and we hold discussions to pick the brains of the others in efforts to make the space a more approachable segment.

Dujardin Logino: We can say that with our fundraising platform included, we have +1000 users active. I think the Comet wallet has been downloaded 3000 times?

Irina K. | @satoshi_club: Great, thank you. I’m happy now :blush:

Thomas: We also try to bring communities together. The space is too tribal – we need to move past that.

Serg | Satoshi Club: that’s good metrics for the crypto world. How do you define an active user?

Dujardin Logino: For example Comet is integrated in almost all VeChain ecosystem dApps so these are people who use our wallet on a daily basis. That is also one of the reasons we target the traditional market. We have been speaking about making your private key inheritable but this is not the only solution we provide within Inheriti. You can make Facebook, Gmail, LinkedIn accounts inheritable, recepies, pictures, passphrases, etc… Our solution will be designed in a way that traditional users have no idea they are using blockchain technology but in the background they are utilising our SHA token to initiate plans and write their assets to the blockchain. In my opinion thats the key to sucess and mass adoption.

Serg | Satoshi Club: Yes, I don’t have to know how Internet works in order to use it

Irina K. | @satoshi_club: @Safe_HavD @AmbroTA we have a tradition in Satoshi Club – our guests are encouraged to share a secret with our community. What do you say? Maybe there is some important announcement, or partnership that you can tell us about?

Dujardin Logino: For some reason i saw that one coming 😁 Allright, normally i don’t announce announcements but there is something i can say. And i will try to say it without breaking any NDA’s 😁 Recently we have been listed on KuCoin which in my opinion is a Tier1 exchange. What i can say is that we are speaking to another top tier1 exchange to support SHA on their platform.

Thats it, nothing more 😁

Serg | Satoshi Club: after C comes Z? 😀

Dujardin Logino: After C comes D 😁

Irina K. | @satoshi_club: This is what digital schools does to people 😀

Thomas: Crypto follows a different alphabet.

Q6 from Telegram user @bitcoinistic

According to statistics and surveys, the biggest part of cryptocurrencies is owned by people up to 40-45 years. We all know that at younger ages we don’t think about death, inheritances and this kind of stuff. The present is more important to us. What is the message you have for them? How do you switch their focus and convince them that preparing an inheritance is important?

Thomas: These are the questions that we have to get people thinking about. Yes, the space is generally younger and not thinking about end-of-life scenarios. Within our community, we really speak about family and how our actions as a team affects those of our community. It’s a tough conversation to push, because no one wants to speak about it. However, we ARE seeing a maturing of the space. Which has been beneficial to our project. With the maturing of the space we’ve seen traditional investors entering, we’re seeing that people are bringing up these questions.

Dujardin Logino: Specially with the COVID-19 situation going on, we see people that start to think about unforeseen circumstances. We all are spending a lot of time and maybe even money in Bitcoin and other assets. But if there is one thing you can not control, it is the day they come for you. And everyone here in this group should think about that. You are never to young to be prepared. I would like to share this article from CoinTelegraph who covered us a few weeks ago: https://cointelegraph.com/news/study-89-worry-what-happens-to-their-crypto-after-they-die

Serg | Satoshi Club: Agree 🙂

Thomas: We have also seen scenarios where big names within the crypto-space lose assets due to death (exchange personal with the ONLY keys to cold wallets).
You an easily google-search “lost cryptocurrency stories” and find plenty on people who lost their funds or their spouses were not able to obtain their currencies. COVID19 has increased the interest in looking towards the future. Much of our core community members came to our project with their children in mind, truthfully.

Serg | Satoshi Club: btw, have you noticed increased interest now?

Thomas: Yes

Dujardin Logino: It seems that 89% do worry about their crypto legacy. So 89% from probably 50M users in the space and only one solution available…

Serg | Satoshi Club: I can testify that sometimes I think about this :grinning: what happens to all my crypto if smth happens to me

Irina K. | @satoshi_club: You’ve got yourself a nice potential market 😊

Thomas: And you should…

Serg | Satoshi Club: before I met Safe Haven, I though of scheduling an encrypted email to my dearest ones. I see there are better solutions

Thomas: I mean, everyone that we speak to tends to utilize a written document hidden and protected. But, this is still an open document. Assume a fire/burglary/etc… With our backup shares stored on the blockchain – one person (holder of SafeKey) could lose their SK…But the others would still be able to obtain the information with our backup shares. So, you’re not completely dependent on your master-list.

Irina K. | @satoshi_club: Did you already encounter situations like this?

Thomas: No, but we’re thinking about it and that’s what is important.

Irina K. | @satoshi_club: Got it. :+1: Thank you for your answers guys. That was it for part 1

Dujardin Logino: Not only thinking about it, we are providing a safe and secure solution for everyone in and out the space.

Irina K. | @satoshi_club: Do you want to add something to your answers here or can we jump to part 2?

Thomas: We have to think about every possible scenario to ensure that our solution always manages to provide what we state it will – that is, an inheritable amount of data in a decentralized fashion that protects against the “Oh no” scenarios.

Dujardin Logino: We can move to part 2

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nickkiii

Talking about security, have you conducted an audit on the Inheriti smart contract to ensure it has no flaws and ensure the safety of the #Inheriti platform?

Dujardin Logino: Yes we did. All our smart contracts have been audited and the platform Inheriti is being audited for the next 24months by Intigriti. Intigriti has the worlds best hacker in its rangs. More info about them here: https://www.intigriti.com/

Q2 from Telegram user @imones94

Any plan to tokenize the SHA Nodes as Non-Fungible Tokens and make them tradable?

Dujardin Logino: Yes. The mart contracts from our NODES are already compatibel as NFT’s. There are plans to make them tradable in the future.

Q3 from Telegram user @hambiew

How will Safe Haven plan on funding the future cost of running the foundation and paying
wages to the large team? Will you set up any sustaining treasury, if not then how?

Dujardin Logino: The company is still 100% owned by the 3 founders. We are speaking to VC’s and are planning our first angel round for traditional investors.

Q4 from Telegram user @Termuxnih

Is our data safe? if it is safe and reliable, state the reason why you answered safe

Thomas: Yes! It is due to the decentralization of Inheriti. We don’t manage any data. We provide the means for you to manage it and secure it while alive and well, but we don’t compromise it while you’re here. The SafeKey itself is designed with all up-to-date and current security standards. It further requires physical touch to activate. This provides several layers of security.

Q5 from Telegram user Crypto is FUTURE | Crypto Love

SHA Token Price Has Increased 3000% Between Mid July & Now ?
So, My Question is Whats The Secret of This Success & What Makes SHA special ?

Dujardin Logino: I think the Covid-19 situation played a crucial role here and next to that we had several media covering us and our solutions, patents, etc.. There is a need for a solution like ours and we are solving a real world problem.

Q6 from Telegram user @surendra040

What is roadmap for 2020

Dujardin Logino: Our roadmap right now is being focussed on the first release of Inheriti who is 100% decentralised. Right after that we will focus on integration with traditional players and make our solutions multichain to attract more communities.

Q7 from Telegram user Para Bellum

All your products runs on VeChain ecosystem which is not compatible with Ethereum. Any plans to build a SafeHaven-Ethereum bridge to connect both ecosystem, solve interoperability issues and increase userbase?

Thomas: Yes, in fact – I would expect to see the potential bridge into Ethereum in the near future. Our CTO and development team is already in discussion to ensure that the ETH community can utilize our products without stepping through hoops. It’s the same reason why we partner with projects within the space, the idea is to drive away the tribal mentality and product a product that is healthy and sustainable for the blockchain market at large.
But again, keep in mind this isn’t just for blockchain and crypto – the goal is to utilize Inheriti as a disrupting technology that is more secure than the standard centralized vault-like solution.

Q8 from Telegram user @Hyynyom12

How important is the community to Safe Haven? and how can we collaborate or help share token for the development of the project?

Dujardin Logino: Our community has been extremely important since day 1. We developed and survived during an extreme bearish market with limited funds. Our community has pushed us beyond our limits and every decision we make is with them in mind.

Serg | Satoshi Club: Thank you for answering! 🙂 how is the AMA so far?

Dujardin Logino: I love it! Sad we can’t answer all these questions but they are always welcome in our official channel for more details.

Thomas: It’s been a extremely enjoyable experience with Satoshi Club and we appreciate the structure.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Safe Haven. They’ve prepared 4 questions for this part. The total reward pool for quiz was 500$.

For more information and future AMAs, join our Social Media channels:
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