Safeguard Eyes US$12M ICO For AI System And Blockchain-Based Safety Data Marketplace

Image: Visualisation of the Safeguard cellular software, Safeguard

Safeguard, a safety-tech startup from the Netherlands, is trying to elevate 30,000 ETH (US$12 million) in an preliminary coin providing (ICO) to fund the event of a man-made intelligence (AI) system and the so-called Safety Data Marketplace.

Safeguard presently provides a disaster communication platform for small and enormous organizations to handle security practices. The startup claims it serves 31 organizations with nearly 2,000 customers.

Safeguard future solution
Safeguard future answer

The future AI system will be capable of predict hazardous office incidents and accidents primarily based on Internet-of-Things (IoT) expertise and historic information. It will be taught from the info gathered from the Safety Data Marketplace and different integrations and can preemptively ship notifications to sure folks at any time when there’s a potential high-risk state of affairs.

Safeguard’s CTO Gertjan Leemans cites the use case instance of a development or constructing website whereby the AI system would be capable of apply reside information referring to the climate, time of the day, {hardware} equipment and different variables to find out whether or not or not a security threat is posed and what the probability or an accident or harm is.

Built on blockchain expertise, the Safety Data Marketplace will allow companies to share their safety-related information in change for Safeguard Tokens (SGT), an ERC-20 primarily based utility token.

SGT might be used to facilitate information exchanges and purchases inside the market. Organizations that need to make the most of the system to foretell accidents inside their each day operations might be required to carry a certain quantity of SGT.

Safeguard market stream

Safeguard has partnered with Startupbootcamp, a community of industry-focused startup accelerators, to assist it throughout its token sale. Safeguard has additionally utilized for the Startupbootcamp Smart City & IoT program, which is able to start after its token sale. Startupbootcamp Smart City & IoT’s managing director Manuela Krull has joined the startup as an advisor.

“Because our new AI feature and the underlying economy need to be developed from the ground up, we want to attend this program to make sure we are in an environment surrounded with mentors, corporate partners and other IoT solutions that enables us to make the best decisions possible,” Ingmar Vroege, co-founder and CEO of Safeguard, told Silicon Canals.

“An important success factor of our platform will be the collaboration with partners like insurance companies and other corporate organizations that are willing to buy our data. Startupbootcamp will give us the possibility to get warm introductions into their corporate network, which makes it easier for us to find partners and potential customers to work with.”

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