A Business Model for selling components with safety certificates

This paper 2outlines a business model for selling safety-related components. The goal is protection of the
suppliers' intellectual property whilst providing confidence, to the customer, that the component is safe. The
ideas in this paper are based on the Safety Element out of Context – concept as given in ISO 26262. To this
we add ideas from IEC 61508 – (a safety manual), and also describe a procedure to establish a safety
certificate resulting from a third-party assessment. The ideal business model is contrasted with a fictitious
inferior model that is based on experience in the industry.