The Token Ring Allows for a Host of Features Including Payments
References: tokenize & techcrunch
Wrist-worn wearable devices are massively popular, but the Token ring is a new connected, wearable gadget that hopes to solve the one drawback of such technology. If there's any obvious issue with wearable wristband devices, its that even the sleekest of those bands are still relatively conspicuous. Token rings more seamlessly integrate the benefits of wearable tech into ones life by fitting all the features into a minimalist ring.
The Token ring is impressively functional. It can store users credit cards and engender tap payments, it can serve as one's house keys or car keys for keyless entry systems, it can store passwords for software, and more. For those worried about security on such a small and potentially easy-to-misplace device, it uses biometric technology to only activate if the intended user is wearing it.
The Token ring is impressively functional. It can store users credit cards and engender tap payments, it can serve as one's house keys or car keys for keyless entry systems, it can store passwords for software, and more. For those worried about security on such a small and potentially easy-to-misplace device, it uses biometric technology to only activate if the intended user is wearing it.
Trend Themes
1. Biometric Wearable Rings - The trend towards jewelry-like biometric wearables addresses concerns about conspicuousness while offering seamless integration into daily life.
2. Minimalist Smart Devices - The trend towards minimalist smart devices like the Token ring emphasizes convenience and multifunctionality in a discrete form factor.
3. Biometric Security - The trend towards incorporating biometric technology into small, wearable devices addresses concerns about security while enabling convenient access.
Industry Implications
1. Jewelry - Jewelry companies could capitalize on the trend towards biometric wearable rings by developing high-tech, customizable pieces that address privacy and security concerns.
2. Mobile Payments - The mobile payments industry could integrate with biometric wearable rings by partnering with device manufacturers to offer seamless contactless payments.
3. Home Automation - Home automation companies could partner with biometric wearable ring manufacturers to provide secure, keyless entry to homes and vehicles.
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