A team of young entrepreneurs have launched ‘BikeVault’, a digitally encrypted bike rack with a built-in lock.
Glasgow based firm Admium will be launching the new product which they hope will revolutionise bike safety.
BikeVault will be free for local authorities to install and free for cyclists to use from early 2016.
The digital bike rack works by users first downloading a free app to find and reserve their nearest space.
They then place their bike between two metal towers that act as a locking station.
The rear wheel and frame are then aligned and a free BikeVault membership card or staff ID card is scanned.
This allows a diameter steel locking bar to pass through their bike and secure it to the other tower.
To release the bike, users simply scan their card again. If a user loses their card they can also unlock their bike using their smartphone, which will be linked to an account.
BikeVault keeps the bicycle secure in place until the user returns and eliminates the need to carry a heavy lock during journeys.
The system offers digital advertising display panels which its designers hope will pay for the service allowing it to remain free for cyclists and for councils and land owners to install and maintain.
The product was initially conceived during a design project at GSA by inventors Daniel Harkin, Michael Evans and Mason Holden at Glasgow School of Art.
The entrepreneurs are based at Glasgow's Whisky Bond. They launched Admium in 2014 and took part in Nesta's 'Hands Off My Bike' competition where they developed the design.
The company has already received funding to develop a prototype before completing a pilot test period of BikeVault in Glasgow in early 2016.
Michael Evans, commercial director for Admium, commented: "Since setting up our business and moving to The Whisky Bond we have been working very hard to bring our vision to fruition and are now delighted to be in a position to unveil BikeVault, which was initially developed as a concept at Glasgow School of Art.
"We look forward to bringing our development to both local and global markets and working in a creative and supportive environment, where we can discuss ideas, access networking and business development events and work in a flexible office space, takes us a step closer to realising this."