Meet Vault12 at the Mansion House Summit in London, September 13, 2024.
Contents
- Introduction by co-founder and CEO Max Skibinksy
- Joe DiPasquale, CEO of BitBull Capital
- Vinny Lingham, Co-founder and CEO of Civic
- Max Skibinksy
- Wendy McKibben Spies, former head of Product for 21.co
- Blake Commagere, co-founder and COO of Vault12
- Max Skibinksy
- Wendy McKibben
- Bake Commagere
- Terence Spies, former CTO of HP Enterprise
- Max Skibinsky
- Wendy McKibben
- Joe DiPasquale
- Blake Commagere
- Max Skibinksy
Library
Introducing Personal Crypto Security
SF Blockchain Week 2019
August 31 2024
Introduction by co-founder and CEO Max Skibinksy
Hello everybody. My name is Max Skibinsky. I'm co-founder and CEO of Vault12, and we just launched Vault12. It's a platform for your personal crypto security where you can harness the power of your friends and family to create an extremely strong, distributed, decentralized personal Vault to protect your most precious digital assets. And the best part is your friends and family serve as the guardians of your personal social Vaults. Because friends and family play such an important part in our product, we said, what if we do something different this time? Instead of us telling you about our platform, we will let our friends and family tell you about Vault12 and personal crypto security. So we made a little video about this. Here it is. I hope you all enjoy it.
Joe DiPasquale, CEO of BitBull Capital
The people who feel insecure about security and crypto are smart. Securing your funds in crypto is a full-time job. So what I hear are legitimate concerns that your crypto has a high risk of being hacked. And when it's hacked, it's gone.
Vinny Lingham, Co-founder and CEO of Civic
In the early days of crypto investing, literally, the best way to secure your keys was to take them offline. And that's what most of the so-called OGs did. We took crypto keys, we put them into vaults offline because the moment your keys are online, someone hacks them.
Max Skibinksy
So I started thinking about the problem, and what I realized it wasn't the issue of Bitcoin or cryptocurrencies; it was the issue that we did not have the right tools that would let us keep and safeguard secrets of such ultimate value, such as cryptocurrencies and other cryptographic keys. And that's why I decided to start Vault12.
Wendy McKibben Spies, former head of Product for 21.co
You cannot guarantee security. And so it's this constant race between how secure you can make it and how much the bad guys want to invest in breaching that account or that vault or breaking through that door.
Blake Commagere, co-founder and COO of Vault12
We're a mobile-first solution that keeps your private keys private in a way that delivers personal crypto security for the first time. What we decided from the beginning is we wanted to build something that was both extremely secure as well as extremely usable.
Max Skibinksy
Everybody knows that you can put your files and assets in the cloud or just keeps them on your local devices, but the problem is no matter where you put them, hackers or rogue governments can go either after the cloud storage or they can hack your local device.
Wendy McKibben
And so what's happened often is actually these breaches occur because people do things like put in passwords that are password 1, 2, 3, right? Because how the heck am I gonna remember some bazillion characters with dashes and dots? Let's start with the assumption it can be easy and work from there.
Bake Commagere
I think one of the most unique things about our product is that it's designed from the ground up For regular humans. We wanted to build something that anybody could use, and that delivered a phenomenal and very, very secure experience. No matter your level of technical expertise.
Terence Spies, former CTO of HP Enterprise
Shamir's secret sharing is the core underlying principle that we use to take this cryptographic key and sort of shatter it into pieces where the pieces don't have any value. This idea of splitting on this very basic mathematical level is what enables Vault12 to do that key split in such a way that you're not weakening that key, but it does give you the ability to sort of take this very problematic thing of here's a file, don't lose it. Keep it available, and split it among people that you sort of know and trust and enable you to build a very natural kind of backup and control system.
Max Skibinsky
We're fundamentally the last line of defense for people to safeguard cryptocurrencies.
Wendy McKibben
What I love about the Vault12 solution is it really takes this paradigm that we already live in, the circle of trust that we have around us every day, and really shares that trust amongst many people to make it more secure.
Joe DiPasquale
We live in an era where people are actively trying to take your money. There are huge rewards to investing in crypto and you need to protect yourself.
Blake Commagere
What's most different about the bolt of product is that there's no central point of failure. The company doesn't store your data. The company is, is, doesn't even have access to your data at any point in its existence.
Max Skibinksy
It works with every wallet, it works with every blockchain. It can even protect your non, non-blockchain assets, as that's the final Vault for the most important things in your life.
https://www.linkedin.com/company/vault12
https://twitter.com/_vault12_
Vault12
Vault12 is the pioneer in crypto inheritance and backup. The company was founded in 2015 to provide a way to enable everyday crypto customers to add a legacy contact to their cry[to wallets. The Vault12 Guard solution is blockchain-independent, runs on any mobile device with biometric security, and is available in Apple and Google app stores.
Max Skibinsky
Max Skibinsky is a serial entrepreneur, angel investor, and startup mentor. Most recently, Max was an investment partner with Andreessen Horowitz, where he focused on enterprise security and bitcoin and deals with Tanium, TradeBlock, and Digital Ocean. In addition to co-founding Vault12, Max leads the R&D team. Before that Max was the founder and CEO of Hive7, a social entertainment company that became part of The Walt Disney Company. In 2003, Max joined the newly formed Voltage Security, an encryption startup incubated at Stanford University, where he architected and designed an Identity-Based Encryption messaging system that was showcased at DEMO '04. Voltage was acquired by Hewlett Packard in 2015. Max has also advised and invested in many startups graduating from Y Combinator including Eligible, Transcriptic, and ZenPayroll. Max graduated with a masters' degree in theoretical and mathematical physics from Moscow State University.
You will lose your Bitcoin and other crypto when you die...
...unless you set up Crypto Inheritance Management today.
It's simple — if you don't worry about crypto inheritance, nobody else will — not your software or hardware wallet vendors, not your exchanges, and not your wealth managers. So it's up to you to think about how to protect the generational wealth you have created, and reduce the risks around passing that wealth on to your family and heirs. What are the challenges with crypto inheritance?
- Crypto Wallets are difficult to use and do not offer crypto inheritance management. In fact, most of them tell you to write down your seed phrase on a piece of paper, which is practically useless.
- Some people back up their wallet seed phrases or private keys on paper, local devices like hardware wallets or USBs, or in the cloud. All of these options have severe drawbacks that range from hacking to accidental loss to disrupted cloud services.
- Software wallets operate onspecific blockchains, yet your crypto assets span multiple blockchains. For inheritance to work, you must be able to manage inheritance across every blockchain — now and forever.
Vault12 is the pioneer in crypto inheritance management. Watch our explainer video above, or our inheritance demo today.
Crypto Inheritance Management: Get ready today
Vault12 is the pioneer in Crypto Inheritance Management, and offers an easy-to-use and secure method for assigning a legacy contact to your crypto wallets. Vault12 Guard enables you to pass on your wallet seed phrases and private keys for any cryptos including Bitcoin (BTC) and Ethereum (ETH) to future generations. It's designed for everyday people, yet strong enough for Crypto OGs.
This innovative, decentralized system uses a hybrid approach of software fused with the Secure Element of phone devices (the Secure Enclave for iOS devices, and Strongbox for Google devices).
Vault12 Guard enables users to appoint one or more people or mobile devices as Guardians. The designated Guardians are entrusted to collectively protect the user's comprehensive collection of wallet seed phrases and private keys, which are safely stored within a decentralized digital Vault. Nothing is stored on cloud servers or Vault12 servers, and no assets are stored on local devices, making them less of a target.
The decentralized approach reduces points of failure and removes the necessity for regularly revising wallet inventories or modifying instructions for your lawyers (which could lead to privacy breaches). Simply put, Vault12 Guard is the best way to preserve crypto generational wealth.
Take the first step and back up your crypto wallets.
Designed to be used alongside traditional hardware and software crypto wallets, Vault12 Guard helps cryptocurrency owners back up their wallet seed phrases and private keys (assets) without storing anything in the cloud or any single location. This increases protection and decreases the risks of loss. Making sure you have an up to date back up is the first step in crypto inheritance management.
The Vault12 Guard app enables secure decentralized backups and provides inheritance for all your seed phrases and private keys across any blockchain, including Bitcoin, Ethereum, ERC-20, and other crypto wallets.
Note: For anyone unfamiliar with cryptocurrencies, Vault12 refers to wallet seed phrases and private keys as assets, crypto assets, and digital assets. The Vault12 Guard app includes a software wallet that works alongside your digital Vault. The primary purpose of this is to guard your Bitcoin (BTC) or Ethereum (ETH) wallet seed phrases, private keys, and other essential data, now and for future generations.