With More People Riding Pedal Bikes These Days,

I thought this was a neat idea,

it is called the Bitlock, the lock senses your proximity and identifies you as you come within 3 feet of your bike (as long as BitLock application is running in the background on your phone), so no more lost keys or endless searches to find them, the device is a keyless bike lock which looking at it could be used for other items that could easily be stolen, 

also another selling point that is neat is that with modern phones with just a few days of batterey life if you batterey dies the BitLock app can optionally generate a 16 digit binary code for you when you register the lock and finally a feature that I would be bound to use, the lock records your bike location as you lock it and using your phone GPS (if the battery has not died) and allows you to locate your bike on the map, well I thought it was neat.