RAIDAtech Superior blockchain alternative using patented technology


Security Type
Units of Ownership Interest

Pitch

Who are we




RAIDAtech is pioneering new uses of the patented RAIDA technology.

RAIDA is the

  • Redundant
  • Array of
  • Independent
  • Detection
  • Agents

RAIDA is ideal for any enterprise exploring blockchain but disheartened by blockchain's shortcomings. RAIDA is more scalable, faster, more secure, more affordable and more eco-friendly.

RAIDAtech has identified and is making inroads in several key markets with market potential above $1 trillion, including customer engagement, patient medication adherence, secure communications, secure data transmission & storage, white-labeled virtual currencies and anti-counterfeiting.

RAIDAtech is the only next-generation technology that is quantum-safe and won't be disrupted by the advent of quantum computers.

Problem
For over a decade, distributed ledger technology (DLT, also known as blockchain) has promised to provide solutions for every problem from currency inflation to world hunger to global warming.

The hype has not been the reality. Blockchain technology has been hampered by the inability to efficiently scale, unreasonable transactional times, and overly complex and dangerous consensus paradigms. Blockchain applications are immensely harmful to the environment, consuming more electricity each day than used by most nations. There has been progress in the application of distributed ledger technology, but improvements have not come close to solving its fundamental weaknesses. DLT has failed to deliver on its promise to become a transformative innovation.

Continuous advances in quantum computing, meanwhile, threaten to completely nullify the centerpiece of DLT: asymmetric elliptic curve cryptography.

The Quantum Era is near, if not already upon us, as many experts believe. Quantum computers rely on quantum mechanical phenomena like entanglement and superposition to operate on quantum bits of data (qubits). Traditional bits are binary: they are either ones or they are zeros. Qubits, essentially, can be ones, zeros or both at the same time. A quantum computer is able to process data twenty million or more times faster than a traditional one. The simple reality is that by the time DLT/blockchain technology reaches anything near critical mass, it will already be obsolete!

The next generation of technology to provide immersive customer engagement, shield data transmission, stop counterfeiting, ensure privacy, safeguard financial security and protect intellectual property will be effective only if it is quantum-safe and provides solutions to blockchain’s problems with scalability, speed, privacy efficiency, governance and ecological harm.

RAIDAtech possesses the world’s only quantum-safe technology that solves these problems and more.


RAIDAtech is actively developing applications using the patented, post-blockchain RAIDA (Redundant Array of Independent Detection Agents) system invented and patented by computer scientist Sean H. Worthington.

RAIDAtech challenging existing players in the DLT space with bespoke post-blockchain solutions. It is pioneering applications in a wide-array of industries and verticals, including packaging, communications, finance, healthcare and artificial intelligence. It continues to refine and upgrade the innovative tools and technologies created for RAIDAtech clients.

Solution
Achievement & Traction
RAIDAtech has accomplished great things is a very short time and future prospects are very bright.
  • Aug 2018: Company Founded
  • Sept 2018: Signed first long-term client to license RAIDA technology
  • Oct 2019: First revenues from sales of RAIDA Detection Agent licenses
  • Nov 2018: Keynote appearance at anti-counterfeiting event
  • Dec 2018: First profitable month
  • Dec 2018: Completed successful private placement funding round
  • Jan 2019: Completed "minimally viable product" (MVP) for anti-counterfeiting
  • Feb 2019: Keynote appearance at digital currency event
  • April 2019: Reach sales milestone of 50 detection agent licenses
  • May 2019: Signed 2nd long-term client to license RAIDA technology
  • May 2019: Keynote appearance at smart packaging event
 Market
The marketplace for just six (among thousands) of potential applications for RAIDA technology is over $1 trillion globally.

A small 1% share of that market would equate to $10.12 billion in annual revenues.

                                                                                        Competition
RAIDA is a unique and patented technology. Competitors exist in varying degrees within each vertical or industry that RAIDAtech is currently exploring, but none have a comparable technology is terms of scalability, speed, security, quantum-safety or affordability.

Moreover, each "competitor" is either a potential partner, client or re-seller who can use RAIDA technology to improve their product or that of their clients.
RAIDA is at least 23,000 times faster than blockchain and will reach 8 million transactions per second (tps).

RAIDA is three-sextillion (3e+21) times more secure than blockchain and simply cannot be hacked or compromised, even by quantum computers.

RAIDA is 41,000 times more efficient than blockchain, which means less cost to the user and less damage to the environment.

Unlike blockchain, RAIDA is fully scalable and grows faster and more efficient as the network grows.  Any blockchain will slow down the more users or more data it handles.

Major enterprises are spending millions, sometimes billions to implement blockchain solutions.  RAIDA's simplicity and efficiency makes it far more affordable.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Business Model
RAIDAtech's primary business model is developing enterprise solutions using RAIDA technology and directly licensing RAIDA technology to enterprises (B2B).

This typically entails RAIDAtech engineering bespoke solutions to meet the clients needs, but licensing can also be for re-sellers and white labeling.

The business model can include development charges, royalties, license fees and transaction fees for use of the existing RAIDA network of primary (Sentinel) nodes and secondary (Detection Agent) nodes. License fees are significantly higher when the client requires any degree of exclusivity. 

RAIDAtech can also build a private RAIDA network for clients.

Additional revenues are a result of strengthening and building out the existing RAIDA network as each Detection Agent pays a license fee to operate their part (1/800th) of the network.




Team
 

Members of the RAIDAtech team at an anti-counterfeiting conference
CEO Sean Worthington with Steve Forbes and Kevin Harrington at
a RAIDAtech sponsored event

Use of Funds


If Target
Offering Amount
Sold
If Maximum
Amount Sold
Total Proceeds
$35,000
$1,070,000
Less: Offering Expenses
$  3,570
$  89,140
Net Proceeds
$31,430
$980,860
Use of Net Proceeds


(A)   R&D (25%)
$ 7,857.50
$ 245,215
(B)   Sales and Marketing (40%)
$ 12,572
$ 392,344
(C)   Human Resources/Operation (35%)
$11,000.5
$343,301
Total Use of Net Proceeds
$31,430
$ 980,860

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