SAFE HAVEN: SECURING DIGITAL ASSETS
BACKGROUND OF STUDY
In the past blockchain was commonly associated with digital currencies and bitcoin in particular, today blockchain technology have taken a new dimension , the application are been explored in many industries as a secure and cost effective way to create and manage a distributed database and maintain records for digital transaction of any kind. Safe haven offers solution to the problem of lost of digital assets , they intends to provide a safe, secure, reliable and transparent means for ones digital assets to be inherited by anyone they choose, at any time they choose. Safe havens complex yet effective platform uses the advances technology of smart contracts combined with legal entities from across the globe . this combination empowers safe haven digital asset (SHA DA) holders to ensure secure inheritance of widespread digital assets.
HOW SAFE HAVEN INTENDS TO ACHIEVE THEIR AIM
First, we would encrypt the data, this can be a private key or a seed with a secure encryption algorithm (like SHA256-512) and by using a passphrases this passphrase could then be divided into shares and distributed by our TFC. Secondly, secret sharing in cryptography, a secret sharing scheme is a method for distributing a secret amongst a group of participants, each of which is allocated a share of the secret. The secret can only be reconstructed when the shares are combined. Individual shares are of no use on their own. More formally, in a secret sharing scheme there is one dealer and more players. The dealer gives a secret to the players, but only when specific conditions are fulfilled. The dealer accomplishes this by giving each player a share in such a way that any group of t (for threshold) or more players can together reconstruct the secret, but no group of less than t players can. Such a system is called a (t, n)-threshold scheme. In a (t, n) scheme one can prove that it makes no difference whether an attacker has t-1 valid shares at his disposal or none at all; so long as he has less than t shares, there is no better option than guessing to find out the secret. Some cases of secret sharing:
• Good passwords are hard to memorize. A clever user could use a secret sharing scheme to generate a set of shares for a given password and store one share in his address book, one in his bank deposit safe, leave one share with a friend, etc. If one day he forgets his password, he can reconstruct it easily. Of course, writing passwords directly into the address book would pose a security risk, as it could be stolen. If a secret sharing scheme is used instead, the thief must steal many shares from different places. A typical application of this scenario is the secure implementation of an encrypted backup system. Assuming data recoveries are rarely needed, backup data can be public-key encrypted; this can be done automatically and without user interaction -- while the private recovery key is protected via secret sharing.
• A dealer could send t shares, all of which are necessary to recover the original secret, to a single recipient, using t different channels. An attacker would have to intercept all t shares to recover the secret, a task which may be more difficult than intercepting a single message. Lastly, two-man role: this concept helps to resolve these issues of trust and security with the escrow authority. By requiring that two individuals collaborate to reveal the data in escrow, holders protect themselves from an isolated, malicious act. In conclusion Safe haven intends to launch a social media hub where all issues relating to blockchain can be discussed and reviewed .individual can choose to write an article concerning a particular project , this social hub is called safe havens trust alliance (TAN). It is also a social hub were users, legal entities and companies can show case there area of specialization i.e. advertising there products. Hence reward users and legal entity for their action using SHA token.
Founder / Security Architect
Co-Founder / Account Manager
Co-Founder / Software Architect
U.S. Securities Counsel
Lawyer - Legal Advisor
Public Relations Manager
Public Relations TAN
Social Media Advisor
Crypto Exchange Listing Consultant
Community Marketing and Business Advisor
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