TraceSafe Adapting to A Post-Covid Market

Published on: July 23, 2021
Author: Amy Liu

How Innovative Tech is Driving the Next Wave of Industry Change in Post-Covid Market

Every once in a while, there comes a technology that fundamentally changes the way the world works. The internet revolutionized how we share information, mobile technology transformed the way we communicate, and the IoT is spearheading the next evolution of post-covid industry.

The Internet of Things (IoT) is a massive network of connected devices that enables objects, people or things to collect and exchange data. The IoT is revolutionizing the industrial sector by improving monitoring, efficiency, performance, productivity and profitability. And one company at the forefront of the industrial IoT revolution is TraceSafe Inc. (CSE: TSF).

TraceSafe’s Technology Is Finding A Home in The Post-Covid Industrial Sector

New technologies are adopted in stages. There are the tech innovators and early adopters who are quick to embrace new technologies, the early majority, the later majority, and the laggards.

For many businesses, deployment is one of the most significant challenges to the adoption of new technology. However, thanks to a history of success with existing partnerships, TraceSafe has developed a future-proof IoT platform for the industrial sector.

Connectivity challenges have been addressed with TraceSafe’s proprietary Bluetooth gateway technology. LTE/Ethernet gateways strategically placed throughout the worksite provide continual coverage, allowing devices to collect and upload data without a continuous internet connection.

TraceSafe’s IoT platform also solves costly integration issues with the ability to connect existing systems to the customer’s IoT data through APIs or automated data drops.

To round up their industrial IoT solutions, TraceSafe has developed its platform with adherence to the strictest privacy regulations. Their ISO27001-certified platform provides businesses with the assurance that their data is fully protected.

TraceSafe’s clients are reaping the rewards of the company’s proprietary IoT applications, leveraging proven technology and industry-specific products to improve operational efficiency drastically.

Tracesafe Seeing Sales in The Oil and Gas Sector

TraceSafe recently secured a one-year contract with oil and gas exploration and development company Oil Search. The company, whose focus is on responsible energy development, is the largest oil and gas company in Papa New Guinea and the country’s single largest investor.

The agreement will see TraceSafe provide Oil Search with high-capacity low energy Bluetooth beacons and enterprise cloud management. The wearables will be provided to all the company’s over 1,600 employees, contractors, and visitors, to help ensure the health and safety of everyone on site.

The arrangement includes two annual renewal term options, marking a significant avenue for TraceSafe further to expand its presence in the oil and gas industry.

Existing Contracts Are Adding New User Experience Enhancement Features

In May, TraceSafe has entered into a two-year agreement with major cruise line operator Fred Olsen Cruise Lines for its wearable contract tracing technology. At the time, the two companies were working together to support the return to cruising while ensuring the health and safety of guests and staff.

Initially, TraceSafe technology was deployed on three Fred Olsen ships, and the reviews had been very positive.

This week, the company has announced the release of a contactless access control system designed to facilitate a safer return to cruising, but which could also benefit the broader hospitality industry. The newly launched features will allow guests to use their wearable devices as remote key cards to specific areas of the ship and to assign access wirelessly for major cruise line deployments.

In a statement, TraceSafe CEO Wayne Lloyd commented, “[the] IoT is shaping physical access control solutions, and we’re proud to be at the forefront of these innovations particularly as it relates to the hospitality industry,”

Other Possible Post-Covid Applications for TraceSafe Technology

The potential applications for TraceSafe technology are just surfacing; as the technology grows, its uses will continue to expand.

Aside from a proven track record in the hospitality and industrial sectors, TraceSafe technology could also be employed in various commercial and entertainment applications.

  • Geofencing

Geofencing creates a virtual perimeter around a specific geographical location, like an exhibition centre, conference space, or outdoor concert venue. Attendees within the geofenced area would trigger predetermined actions at specific locations, such as check-in, push notifications, or product advertisements.

  • Indoor wayfinding

Instead of GPS-enabled maps, wayfinding applications could help guests navigate large exhibition halls or venues without the need for an internet connection. Stationary Bluetooth beacon indoor positioning systems, installed throughout the venue connect with mobile apps, accurately recording location in real-time.

Staying Ahead of The Curve With Up-And-Coming Tech Trends

With new event technologies emerging constantly, how do you know which ones to consider? From design through debrief, we’ve got you covered with the event technology trends you need to know for success.

Disclaimer: The company described in this article is a customer of NAI Interactive Ltd. This material is for informational purposes only and is not intended as a recommendation or offer or solicitation for the purchase or sale of any securities or financial instruments, or for transactions involving any financial instrument or trading strategy.

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