[ICO Review] Safeguard - A combination of AI and blockchain technology for accident prevention

in cryptocurrency •  6 years ago  (edited)

The market

In line with strict environmental health and safety (EHS) regulations that have been implemented across all economic sectors within the majority of countries, a strong drive exists for businesses and large corporations to promote workplace safety, thereby adopting the latest innovations in safety- -tech.

According to the European Occupational Health and Safety body (OSHA), approximately 10% of all employees in the EU and US are emergency responders, thereby illustrating the vast nature of our target market and potential for growth.

North America, one of Safeguard’s upcoming target markets, has seen the greatest implementation of EHS systems in terms of software and services, and the region is expected to dominate the EHS market at the highest growth rate of 13.2% from 2016 to 2024. This illustrates the crucial positioning of the North American market within Safeguard’s roadmap and trajectory

The global market for Environmental health and safety management systems is predicted to grow at an annual growth rate of 12.0% from 2016 to 2024, reaching US$8.135 Bn by 2024.

The problem

Every day, thousands of people are faced with work-related injuries and safety threats, with an estimated 10 fatal accidents per day in the US alone. Apart from peoples’ livelihoods and health being at stake, the costs of workplace injuries are also immense; with the EU spending an estimated 476,000,000,000 euros each year, despite European working conditions being deemed relatively safe.

Each year, countless people get injured at work, affecting livelihoods and costing business owners an average of $2,000
each year per employee, so a company like Shell spends €184,000,000 annually. Specifically:

Each and every day 1,000 people go out to work and do not return home because they die in a workplace accident – the equivalent of four plane crashes.

Workplace accidents resulting in injury or death result not only in severe hardship for affected families and co-workers, but also lead to drawn-out legal implications for the organization involved.

Each year, countless people get injured at work, affecting livelihoods and costing business owners an average of $2000 a year per employee. By 2022, we aim to reduce such injuries by 20%, saving businesses $400 per employee each year and ultimately making sure that everyone arrives home safely after a day's work”

The solution

By predicting and preventing accidents before they can occur,
Safeguard ensures that people are able to safely return home after
a day’s work.

Our existing solution

Safeguard’s current App & Dashboard crisis communication platform provides a measurable solution to this problem, enabling small and large organizations such a KPN, BAM and the Amsterdam Arena to manage their safety practices at an operational level, whilst also providing them with accumulated safety data. This safety data is generated for the sake of streamlining safety management processes, enabling cost- and time-saving over the long term.
https://safeguard-app.com/en/
We help companies create safer work environments by implementing a full-spectrum, tech-driven approach to safety management, facilitating the intersection between IoT technology and mobile devices.
Real-time Presence Observation
Through innovative Geofencing technology, Safeguard automatically detects the location, availability and presence of emergency personnel (only while they’re on-site).
Emergency conference call
Safeguard facilitates conference calling between all available employees at a specific location. Emergency personnel can see who's available via the app and can communicate directly with them, quickly and efficiently.

Send controlled alarms
Use pre-defined groups to alarm the right people during any emergency situation. This saves emergency personnel valuable, critical time when it is most needed.
Pre-defined emergency scenarios
Safeguard enables you to add pre-defined, customized scenarios in your Safeguard dashboard, thereby ensuring that personnel know exactly what to do and who to alert, depending on the nature of the situation at hand. This also makes the process of alerting the right people significantly faster.

Advanced reporting analytics
Safeguard tracks the performance of your emergency personnel. This data can then be used to optimize your organization’s processes and overall safety levels, enabling you to significantly reduce cost and time expenditures.
Safety checklists
Custom checklists can contain evacuation plans or other useful procedures to follow in case of an emergency. These checklists can be linked to a certain location, allowing emergency personnel to only see relevant information based on the location that they’re in.
Custom geofence mapping
In the Safeguard dashboard, you’re able to create custom locations and sections that enable you to alarm groups of people per location or section instead of the whole organization. In combination with custom scenarios, you’re able to use these specific scenarios per location.
Groups
Create custom groups to be sure to always alarm the right group of people at every emergency situation. You can add a group called Emergency Responders or Management so that you can alarm with precision and speed.

Future solution
The Safeguard Protocol: An ecosystem that combines Machine Learning and data input sources to predict various types of workplace accidents and hazardous situations. With this system, company personnel can notify others of the prediction through the decentralised Safeguard crisis communication platform, thereby facilitating the outcome of accident prevention.

The Safeguard Protocol will be overseen by the Safeguard Foundation, a not-for profit organization with the mission of universalising safety-tech and making it accessible to as many as people as possible.

The Safeguard Protocol
The Blockchain-based Safeguard Protocol and its associated ecosystem will act as a safety-tech platform which others can use and contribute to. Hereby, organizations and developers are empowered to co-develop particular use cases and specifications on top of the platform’s core functionalities. To achieve this, the current (licensed) Safeguard Platform is going to be converted into an entirely open-source ecosystem. The Safeguard Token (SGT), forms a pivotal part of this ecosystem, enabling users with access to the Protocol whilst facilitating the incentivization of code contributors.

Safeguard has a huge amount of reknown clients, a lot of them being Dutch industry leaders. For example, their most known client KPN is the biggest Dutch mobile and telecommunications company with a revenue of over 8.4 billion euros. Another Dutch giant is Royal BAM Group, a Dutch construction services company with revenue at 7.4 billion euros.

Safeguard’s first client was the hospital Amphia, in Breda The Netherlands. Perhaps the biggest of their clients is Ingram Micro, a California based IT products and services company with revenue over $40 billion. Amsterdam Arena, the stadium used by Amsterdam based football club Ajax, is another client of Safeguard and it’s services. The Dutch version of DMV, RDW which takes care of the registration of vehicles and driving licenses is too a client of Safeguard.

Partners
Safeguard has very high profile clients and a few known partners. Safeguard recently partnered with Scylla, an AI platform that analyses video, for example security cameras. With this partnership they could potentially spot emergencies before any humans even are aware of them. Making it possible for the emergency staff to immidiately be notified and deployed

Safeguard also has a partnership with the decentralized NEO exchange, Aphelion, which makes buying SGT tokens an easy and secure process.
Through our collaboration with Aphelion, we can ensure that our pre- and crowdsale participants have the easiest, most reliable and secure experience in buying and selling SGT

Last but not least they have partnered with China Blockchain Partners to get to the Asian market. Previous partners of CBP include NEO and VeChain. They have great expertise in connecting the Western blockchain world with the Asian one and will hopefully result in a few more pilot projects in Asia and more partnerships and clients to come

Team

Safeguard was founded by Ingmar Vroege and Gertjan Leemans, a powerful duo whose entrepreneurial endeavours trace back to their high-school days together. As business partners, they have worked on various successful ventures together. In 2016, they launched Pokeradar, an app that received 1 million downloads in three weeks. Apart from consulting for large clients like KLM and Achmea, Ingmar and Gertjan also worked alongside YPI, award winning H2 architects and shipyard leaders Feadship, to enable Virtual Reality (VR) visualization for the superyacht industry. For this, they received CNBC media coverage. Successful exits were made from both of these ventures in August 2017 to enable a full time focus on growing the Safeguard app and ecosystem. They both come from engineering backgrounds, and Ingmar has over the years developed himself into an experienced and competent CEO, whereas Gertjan perfectly fits into his role as CTO and chief strategist behind Safeguard’s product and R&D teams. Together, they have extensive knowledge in mobile, web and blockchain development. Apart from its founders, the Safeguard team consists of a diverse mixture of talented individuals. From experienced web, app and blockchain developers to UI and UX super-geeks; from growth marketers and sales experts to finance gurus and PR specialists, it’s safe to say that the Safeguard team is well-equipped and well-experienced enough to take on the task at hand. Ultimately, the Safeguard team is one which has worked together on various successful projects within various companies. Together, they have grown from strength to strength over a period of several years, providing them with a distinct, collective skill set of building and selling complex and scalable products in short time periods.

Advisors

Social Media Presence




Token Economics — Token sale

Token Symbol: SGT
ICO Duration: June 7th - July 31st
Price: 1 SGT = 0.1328 EUR
Platform: NEO
Accepting: NEO
Minimum investment: 1,000 EUR
Soft cap: 2,500,000 EUR
Hard cap: 10,000,000 EUR
Country of Origin: Netherlands
Whitelist/KYC: Whitelist

SGT is an NEP-5 token acting as the vital component of the Safeguard ecosystem. Specifically, in building Safeguard’s software for accident prediction.

Our token model is built in such a way that it facilitates the establishment of a micro-economy. This means that as the number of users within our ecosystem grows, our prediction capability grows too. The overall usability of the Safeguard app and platform will thereby strengthen continuously. Crucially, as the system grows in functionality due to its increasingly-optimised prediction capability, members are further incentivized to contribute to the Protocol and make use of SGT.

The Safeguard Protocol’s decentralised nature implies that there is no single party who has control over the platform in its entirety. Rather, due to it being open source, anyone can contribute to the entire ecosystem; enabling to add value to the existing platform by developing their own Oracles. The community will then review the Oracle, and if it passes validation, the creators of the Oracle will be rewarded in SGT whenever the Oracle gets a request. Incentivization is therefore a fundamental part of the ecosystem’s model, fostering a strong community of developers that will benefit when contributing to the Safeguard Protocol source code.

Token distribution

Use of Proceed

My thought

Safeguard has some good partners and most of all phenominal clients, and they will only gain more over time. The ability to acquire clients of this size truly shows what this team and product are capable of and to me brings a lot of good faith about the future of this project. This combined with the Asian partnership in my eyes ensures even more prominent clients in the future bringing the company upwards. As Safeguard gets more clients and more of a name, I expect the token price to increase as the word gets out.

As far as I'm concerned, Safeguard is actually doing good with their business operation performance: they've doubled the company's revenue in the past quarter. Then why do they conduct a Token Generation Event (TGE)? Because their vision is larger than that: A vision of workplace safety that is not trapped with worries about severe injuries, lawsuits and court cases or sudden liability but a long-lasting and safe one, which is why they raise more funding to expand their operation and impact.


Surprisingly enough for those who don't know: Safeguard was selected into Startupbootcamp Amsterdam’s ‘Smart Cities & IoT’ Program - an incubation program for startups related to smart building and smart mobility, which provides them with:

  • Operating facility in Amsterdam
  • Support and guidance from Startupbootcamp’s partners and mentors including PwC, Amazon and Cisco
  • A network of Angel and VC investors around the world.
    And currently, they have established many business partnerships and are having a strong base of clients.
    What else can you expect for being a foundation of such a project for the future?

You know what is even more interesting? After WePower which is now worth more than $32 million USD, Safeguard is the second blockchain startup to have an official partnership with Startupbootcamp. Therefore, given the fact that Safeguard has a hard cap fundraising goal of $10,000,000, I believe that this project has more room to grow, and, you do the math.

Links

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Author: Bitcointalk username: rueisnax (a.k.a. Vincentle — Le Huu Quang Vinh)
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Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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