Bionym's authentication wristband is in beta testing now but is expected to launch later this fall. Credit: Bionym
Imagine one day strapping on a wristband in the morning and then opening your smartphone and laptop without passwords, getting into your car without a key and even boarding a plane without your ID or a boarding pass.
That's the future imagined by Andrew D'Souza, president of Bionym Inc., a Toronto-based company working on what he says will be the world's first wearable authentication device.
D'Souza talked about the Nymi, which verifies a person's identity using their unique heart beat, at MIT Technology Review's EmTech conference in Cambridge this week.
"This is pretty unique," D'Souza said in an interview. "Every time your muscles expand and contract there are electrical pulses produced and this allows us to identify a person based on the electrical signals based in the heart.... We're trying to solve the identity problem."
Bionym, a startup that just closed a $14 million Series A round of funding this week, is on track to release the Nymi, which has been in a small beta test, later this fall. According to D'Souza, the company has already presold about 10,000 of them.
If done right, the Nymi could be part of the answer to dealing with the problem of passwords. Too many people still don't use strong passwords, use the same password for every application or service or simply don't use passwords at all.
A wearable authentication device, which communicates with devices and apps via Bluetooth, could get around that issue, said Jeff Kagan, an independent analyst. "Passwords, which we still use today, are yesterday's answer to security," said Kagan. "We need new technology going forward. This sounds like an interesting company trying to solve a growing problem that we're all experiencing."
The Nymi, though, could go beyond getting you into your smartphone or your Facebook account.
According to D'Souza, it also could be used instead of keys. With smart locks, it could work on the front door of your house or the door of your car. It could replace your ID and grant access to company's offices or serve as your ID and boarding pass at the airport.
The wearable also could work with a smart home, alerting devices like a thermostat, music player or coffee maker that you've arrived and they need to change the temperature, play your favorite band or make a cup of joe.
"Our goal is to say if identity could be easy, what types of experiences could we enable?" asked D'Souza. "Make identity easy to make trust easy. Right now, it's hard to establish trust and identity. You won't have to prove who you are anymore."
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