With self-driving cars on the road, cardless payments in market and keys becoming a thing of the past, we shouldn’t be so surprised that someone has made an effort to combine all this technology into a small ring for your finger.

Introducing… Token, a wearable technology ring that has the ability to make payments and unlock doors and passwords without the need for keys or typing.

The new ring, currently priced at $USD250 promises:

  • The ability for NFC payments in more than 15 million places via your Visa or Mastercard.
  • The ability to unlock your home with a ‘Token Door Lock’.
  • The ability to log into websites and your computer without the need for entering a password.
  • The ability to unlock your car and activate the ‘start engine’ button without touching anything.
  • Allow you to ‘tap and go’ at 50 different transit systems in the world (Think AT Hop cards, without the physical card).
  • Replace that building/office pass you always lose, and access the building via your ring.

 

 

Unsurprisingly, one of the first things that crosses our minds is potential security issues, which Token has addressed with the following features:

  • Fingerprint sensors: when you wear your Token ring, your fingerprint is scanned before being verified. Once confirmed you are indeed the owner of the information, your data is unlocked and ready to be used.
  • Automatically locks once taken off: as soon as the ring is removed from your finger, the data is automatically locked, removing any worry about losing credentials.
  • Decentralized data: the stored information is only loaded locally on your ring and not externally on a server, removing any chance of a central database being hacked and your data becoming compromised.

On top of that, the ring comes with:

  • A two-week battery life.
  • A range of sizes for both male and females.
  • Bluetooth and NFC capabilities.
  • Waterproof protection for those active types.

With wearable technology becoming a quick-moving industry, and other ‘smart rings’ such as Ringly, Motiv and Nimb already in the market, perhaps the days of physical cards, passwords and keys are truly coming to an end.

Either way, it’s definitely an emerging market to watch over the coming years.