The smartwatch arena is about to welcome a potentially exciting newcomer. Blocks, which currently has 34 more days of funding to go on its Kickstarter page, bids to become the world’s first modular smartwatch.
The watchface acts as the core and is fully functional on its own and has all the features you would expect from a smartwatch, such as phone notifications, activity tracking and voice control, and comes with a full round colour touch screen.
However, the really exciting innovation is the strap. It is made of several links, or Modules, each of which have their own functions. The user can choose the Modules he or she want and connect them together to build a smartwatch unique to them.
As part of its initial modules, Blocks will offer a heart rate module, extra battery modules, GPS module and of course in order to appeal to as many people as possible, NFC payments module.
The company said it is already working with partners in the US and UK to integrate contactless payments into the watch.
The watch will be compatible with both iPhones and Android smartphones.
As an open platform, the company allows any company or individual to develop Modules and the company says it has already partnered with major technology companies to develop our Modules and have over 1,500 individual developers signed up to work on its platform.
The interest in a payments enabled smartwatch is clearly extraordinarily high as campaign only started on October 13, but passed the $250,000 goal in 56 minutes. With 34 days still to go, the company has already raised over three-quarters of a million dollars.
The smartwatch is the second high-profile payments wearable to be launched on Kickstarter in recent times. Earlier this month, Kerv, the NFC payment ring surpassed its £77,000 target, and with ten days to go it has raised over £85,500.
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
Anthony Walton, CEO of Iliad Solutions explores the latest developments and challenges with APIs.
Visa has announced it will be launching a new wearable payment device.
TransferWise has announced a partnership with Starling bank to provide easier international money transfers.