There are plenty of bike trackers on the market and a lot of bicycle locks. The LOCK8 is designed as the first “smart bike lock” and acts as both a lock and tracker should the lock part be compromised. Now being developed via a Kickstarter project, the LOCK8 is a keyless system that relies on the smartphone to do the unlocking, while integrated GPS can transmit the location of the bike.
The system features a number of systems, so that if a bike is stolen the geolocator kicks in, while the smart cable will set off an alarm and send a push notification should it be cut. A gyro accelerometer will also send the push notification and do the alarm thing should someone try to cut the LOCK8 or otherwise remove it.
The idea here is that you can’t stand around and watch your bike all day, so the LOCK8 will do it for you.