Canada-based technology company, Nymi Inc., has reportedly introduced version 3.0 of its workplace wristband. The new wearable will enable various industries to ensure health, security, and safety of the connected workers using Nymi's password-less technology, cited sources aware of the development.
Nymi band reportedly offers zero-trust security principles along with access control by using fingerprint and heartbeat biometrics. It seems that the new product is useful during social distancing and contact tracing practices amidst the COVID-19 pandemic.
As per the IDC, digital transformation (DX) is estimated to reach a valuation of USD 1.3 trillion in 2020. Also, digitally advanced workers are expected to be more effective and function by at least 35% in 2021.
The new Nymi Band will seemingly help in addressing the obstacles faced by other digitally led initiatives as well as the other the disruptions caused due to COVID-19 outbreak.
Chris Sullivan, CEO at Nymi reportedly stated that many organizations that work in digital transformation and security applications, operate in highly complex and regulated environments and health and safety of every employee is a challenge, especially amidst the pandemic. He added that Nymi bands will offer the employees safe, productive and secure way to start working from offices.
David Rai, COO of Nymi mentioned in a comment that Nymi band can detect if the employees have come in contact with COVID-19 positive co-worker or states the location of employees during a crisis.
If sources are to be believed, the Nymi band acquires the user’s identity through a unique heart rhythm and fingerprint sensor. This allows the band to provide high quality privacy and security.
Moreover, it uses OBD (On-Body Detection) system in order to ensure that the band is on the intended user. Sources further stated that it uses cryptography to mathematically prove the identity of the user to the network.