BitLock Unlocks Your Bike Using a Smart Phone KeyDigging for your lock key that is buried somewhere in your backpack when you are out on your bike is about to be outdated. BitLock is a new bike lock that automatically locks and unlocks when you approach or leave your bicycle.

BitLock is a Bluetooth operated bike lock made from reinforced, heat-treated and cut resistant steel wrapped in a protective vinyl covering. It looks on the outside like a typical u-lock; to appreciate what this lock offers you have to look inside the high security and weatherproof disc-style cylinder. BitLock connects to your Android or iOS device through Bluetooth Low Energy and will automatically unlock when you approach or lock as you leave you bicycle within three feet of the lock. The app itself does more than provide banking level encryption, it also tracks the GPS location every time you lock or unlock your bike, lets you share your bike with friends, tracks your route and even keeps track of health metrics.

BitLock also has you covered if you forget your phone or if your phone runs out of power. On the lock are two buttons allowing riders a, “PaperFob” option from the smartphone app. Users just generate a code, write it down and stash it on their person and if they need it, enter the sequence to unlock the bike. BitLock is targeting a July 2014 release with an estimated retail price of 140 bucks; you can grab one of the first BitLocks for a discount by supporting their Kickstarter campaign.

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