SafeTech Labs Takes Aim at $52B Digital Legacy Industry with World’s First Fully Comprehensive Digital Legacy Solution

The company’s new product covers every base for digital legacies, resulting in the industry’s first truly comprehensive product.

SafeTech Labs, a company specializing in pioneering blockchain development and technology, announced today that its releasing Inheriti® 2.0, which enables users to create secure, lasting, decentralized digital inheritance plans to pass down digital assets—anything from social media accounts to cryptocurrency to secret family recipes. The product fills a gap in the market where users have more online accounts than ever—an average of 100 according to one report—but no comprehensive means to pass them down to loved ones.

“Existing solutions either focus too heavily on only cryptocurrency or don’t offer a secure enough solution for massive stores of cryptocurrency,” says Jürgen Schouppe, CEO and co-founder of SafeTech. “We’ve revamped Inheriti® completely so that web2 and web3 users alike can use it without any user experience challenges, regardless of whether they want to leave behind crypto keys or a poem. It’s all secured using the same patented tech.”

The platform offers two interfaces, one for those familiar with blockchain and cryptocurrency, and another for those who aren’t. In both cases, Inheriti® utilizes a proprietary, multi-patented encryption and storage technology called Secure Share Distribution Protocol (SSDP). The technology is currently patented by SafeTech in the USA (US11316668B2), Europe (EP3654578B1), and has a patent pending in China.

Once completed, users’ digital inheritance plans are stored in smart contracts on one of several well-known public blockchains, such as:

• Ethereum
• Vechain
• Optimism
• With more chains being added frequently.

 “Blockchain technology and smart contracts have several native features that make them the only reliable way to secure the high-value assets often involved in digital legacies,” says Schouppe.

Version 2.0 introduces Backup Plans, a massive upgrade from V1.0 that allows users to create backups of their digital data.

Businesses can use the feature to ensure business continuity.

Users can stipulate that either only one or multiple share owners merge their shares to decrypt the backup plan.

Inheriti® 2.0 also offers the following core improvements over V1.0:

• 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).
• Latest security enhancements.
• Invoicing for private and business users.
• 100% privacy regulation compliance.

The above is in addition to the following, already-proven features that made Inheriti® V1 a success:

• Tamper-proof data protection.
• Military-grade encryption.
• Fast, immutable and low-cost digital inheritance planning.
• Plan triggers to ensure the data owner is in full agreement with releasing backed up data.

The Inheriti® service will be available starting on August 29, 2024 and users can create their inheritance plans here: https://www.inheriti.com/.

For more information about Inheriti® V2.0, visit https://www.inheriti.com/.

About SafeTech Labs: SafeTech Labs is a Belgian-based technology company specializing in blockchain services, custom blockchain development, and security engineering. SafeTech Labs holds multiple patents for encryption, multiparty storage, and delivery of digitized information.

Contact

CEO
Jürgen Schouppe
SafeTech Labs
press@safetech.io