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July 28, 2017 - Comment

A smart ring is a wearable electronics device with advanced mobile components that combine features of mobile devices with innovative features useful for mobile or handheld use. Smart rings, which are typically the size of traditional rings or larger, combine the features of a mobile devices, such as the abilities to make payments and access

A smart ring is a wearable electronics device with advanced mobile components that combine features of mobile devices with innovative features useful for mobile or handheld use. Smart rings, which are typically the size of traditional rings or larger, combine the features of a mobile devices, such as the abilities to make payments and access control, with popular innovative uses such as gesture control and activity tracking. Smart rings can communicate directly with smart phones or personal computers through a variety of applications and websites, and operate without the need to carry a smart phone, such as when interacting with back-end systems on the cloud through or performing standalone functions such as activity tracking. They typically do not have a display and operate by contextual relevance, such as by making a payment when near a payment terminal, unlocking an electronic lock when near the lock, or controlling home appliances when making gestures in the home. Some smart rings have physical or capacitive buttons to use as an activation mechanism, such as to initiate a gesture.
In 2013, the English firm NFC Ring released the first smart ring in the marketplace and remains the leader in the space. The market is currently around $25 million and is expected to grow to a $15 billion industry by 2020.

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