Blocksafe, a new blockchain-based system designed to provide secure access, personal monitoring and control to owners of firearms using smart gun technology, will create its Blocksafe blockchain using Lisk sidechain technology and will issue a new token for use on that chain called ‘Trigger’ (TRIG).
To fund this effort, the Blocksafe Foundation will conduct a token crowdsale, which will be co-hosted by Bittrex, the U.S-based global alternative cryptocurrency exchange. Of the 100 million Triggers that will ever exist, 30 million will be offered during the token crowdsale. The crowdsale will take place over 28 days, commencing on September 8th.
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“Blocksafe represents a revolution in managing access to firearms through the creation of a blockchain for smart gun technology,” said Blocksafe founder and CEO Kevin Barnes. “This will allow for gun owners to secure, manage and control access to who can use their firearms, disabling stolen weapons, while maintaining a decentralized database that has no central point of failure or control.”
Triggers will be the token that makes the Blocksafe blockchain function, and the creators plan for it to work with an array of smart gun technologies such as magazines, locks and other Trigger-enabled hardware including 3rd party and user-created hardware that can be 3D printed or manufactured.