Token ring could unlock your car, buy you stuff, and log into your laptop
A company called Token
is launching its first product today: the Token Ring. It’s a
fingerprint-sensing ring that’s designed to unlock and authenticate
everything, including your car, house, and computer. The ring is NFC-
and Bluetooth-compatible so it can work as a payment device or as a
ticket for various transit systems. Most of that functionality is still
to come, and in certain cases, requires additional hardware.
The ring itself is available in six sizes and includes a
battery that could last up to six weeks. It charges through inductive
charging and can be programmed with gesture controls. The hardware
itself isn’t all that interesting. It’s more the idea of what it could
theoretically be used for that’s intriguing.
To get the device to be an all-in-one solution, Token has
to rely on partnerships. So far, it’s working with Mastercard,
Microsoft, and Visa to make PC unlocking and payments possible. Keep in
mind that paying through this ring is separate from Android Pay or Apple
Pay. You’ll have to manually add cards through its companion iOS /
Android app, and those cards have to either be a Visa or Mastercard.
Microsoft is working with Token so that Windows 10 users can unlock
their computer through the ring.
As for transit options, Mastercard launched
its own initiative to make contactless payments a possibility. Token is
piggybacking off that work. London’s transit system already has
contactless ticketing, as does Singapore. The New York subway system
doesn’t yet have contactless payment, although that might be coming in
the future.
When it comes to unlocking your house or car, Token had
to design its own hardware solutions. It’s going to sell a connected
deadbolt and car plug that’ll allow you to access your home and car.
Your car has to have a start button for the car plug to work, and you’ll
be required to send Token your spare fob so it can design a specialized
car lock.
All of this is to say, unlocking and authenticating
everything from a ring sounds like a very future idea. It’s not an easy
solution, at least from the side of making a device that works
everywhere, but if Token can pull it off, that’d be quite the feat. The
ring costs $249 for preorder and should ship by December. Packages vary
for the deadbolt and car plug but all three items cost $399.
Via theVerge
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