Digital Inheritance
Generational wealth starts with a digital inheritance plan.
We live in a digital age where our online presence often holds just as much value as our physical possessions. But what happens to all of that digital property like passwords, private keys, crypto wallets, NFTs and other secret data when we die?
Traditionally, we've relied on intermediaries like notaries to handle the transfer of physical assets, but these methods aren't foolproof when it comes to digital property. Hackers can easily gain access to accounts, and even if we leave detailed instructions in a physical document, there's no guarantee that it will be followed to the letter.
That's where SafeKey Pro and SafeKey Mobile come in.
SafeKey Pro is a hardware device that allows you to create a decentralized digital inheritance plan using Inheriti®. However, if you or your beneficiaries prefer a more mobile solution, SafeKey Mobile provides a secure, app-based alternative to store encrypted plan shares directly on your phone.
With SafeKey Mobile, your beneficiaries can securely access and manage their shares, no matter where they are.
How does it work? It's simple.
First, you set up your digital inheritance plan using Inheriti® in combination with your SafeKey Pro devices or SafeKey Mobile app. You can choose multiple beneficiaries to share ownership of the inheritance, and each one will receive their own SafeKey Pro or has to install SafeKey Mobile, to store their encrypted data shares.
When it's time to activate the inheritance plan, the beneficiaries will need to bring their SafeKey Pro devices or use SafeKey Mobile to merge the shares via Inheriti® in order to decrypt the data.
Only then will the secret data be revealed. Until then, the data stays encrypted, decentralized, and secure, known only to you as the owner of the inheritance plan.
Enhanced Security with the Dead Man Switch (DMS)
Inheriti® incorporates an additional layer of protection through its Dead Man Switch (DMS) mechanism, ensuring that no one can access your data prematurely. The critical part of this security is the validator share, which is stored in a smart contract on the blockchain.
If you, as the plan owner, fail to respond within a designated timeframe, the validator share is released, allowing the remaining encrypted shares to be merged. This ensures that the digital inheritance plan proceeds only when you are no longer able to intervene. As long as you respond to the activation methods (confirming you're still alive), the validator share remains securely locked, and your data stays encrypted.
Example Data For Your Digital Inheritance Plans
Personal identification information
Cryptocurrency wallet or exchange information (private keys, seed phrases, ...)
Social media account information and login (usernames, passwords, ...)
Financial account details and passwords (bank account information, ...)
Emergency contacts
Personal notes and journals
Personal preferences and settings
Personal identification numbers (PIN)
Contact information for friends and family
Family receipts / secrets
Guidelines for your heirs and beneficiaries
...
Last updated