Token aims to become the Smart Ring for secure contactless passwords, payments and access.
Token pairs with your fingerprint when you put it on. An optical sensor inside the ring knows when it’s on your finger; it lights up, and you can start wearing the ring. When you take it off, the ring locks and turns the light red. No one else can use another person’s of Token ring.
Token is capable of storing your credit cards to provide contact payment at points of sale - a lot like Apple Pay, among others. Once you register your Visa or MasterCard account on the Token mobile or desktop app, you'll be able to complete your purchases without carrying the credit cards with you.
Within the app, you can also add your passwords, set up your smart lock, activate your access card for work, add your transit pass, and enable the ring to work with your car.
In the future, Token will be able to provide you access to your home, car office and, even, the public transportation. Here’s how it’s planned to work.
Token ring will work with a compatible home lock kit, using NFC (Near Field Communication) technology. This will let you simply hover or touch the lock unit on the door to access your home.
Token Car Kit is another interesting future-concept. It will allow you to unlock and lock your car with Token using the same Bluetooth frequency as your car key.
Token is working to develop Token ring compatible with HID’s secure credential system, SEOS. This can replace the office access card for Token users.
Token ring is being developed to serve also as passwordless login and biometric authentication device.
In the future, the user will be able to access for instance his or her computer, emails, family photos, and online services simply by wearing Token - two taps, and you're in.
The platform is designed to deliver Two-factor Authentication, using a capacitive touch fingerprint sensor as the second biometric authentication factor.