Posted By Simon Montford on Nov 23, 2014
Cleveland-based startup Everykey, has developed a wristband that aims to manage passwords. The wearable device uses Bluetooth LE technology to unlock smartphones, computers and websites. If the Everykey is lost or stolen, the wristband can be immediately disabled via the app.
Everykey is similar to Nymi, designed by a Toronto-based startup called Bionym. Nymi, however, offers 3-factor authentication and cardiac rhythm to validate the user using biometrics, which is regarded as less convenient but more secure than the approach taken by Everykey.
Both devices would be particularly useful to those with memory loss or dementia because once within range of the user's device, the wristband will allow the user to bypass that device's password or physically unlock it automatically, eliminating the need for complicated passwords and cumbersome keys.
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