[mehrdad]

As a consumer product, BitLock is targeting a niche market (like any other keyless locks). It is way more convenient than a regular lock. You don't have to carry a key with you plus the interaction is seamless. Also we never have to deal with lost bike keys. However an important side application for this lock is bike sharing. For example, You can setup a bike share system among your friends on college campus. This you can't do with regular locks.

[vertr07]

I really don't see that happening on a campus. If I'm going to setup a bike share, I'm not going to leave the bikes outside locked in a public place.

Second, keys are pretty fucking convenient. What exactly is the downside of keys?

Finally, you should disclose that this is your project when commenting on it.

[mehrdad]

* Finally, you should disclose that this is your project when commenting on it.

I apologize about that. I kind of assume it was clear but thanks for the reminder.

If you want to share bikes, hand-off of keys will be an issue. With BitLock for example you can share 3 bikes between 10 people. with the app on your phone you can geolocate bikes and lock/unlock easily.

[meritt]

If you ever forget your key just hide in the bushes and wait for a thief to unlock it for you.