Sony turns to crowdfunding site to fund smart lock

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Sony has turned to a Japanese crowdfunding site Makuake, to help it raise the funds needed to produce a line of smart locks it calls Qrio. This allows the Japanese manufacturer to limit its financial risk, and get products to market faster than they might have taken under Sony’s usual process.

The Qrio smart lock fits on top of your current lock, and requires no tools for installation. With Bluetooth 4.0 engaged, you use your smartphone as a “key” to unlock the door. Temporary spare keys can be sent to the phones of friends, family and even repairmen.

The crowdfunding has been a huge success. With 89 days left to raise the necessary funding, 170% of the amount that Qrio was seeking has already been pledged. Retail pricing for the smart lock is expected to be around $130, before tax.

 

To read the full article, visit http://www.phonearena.com/news/Sony-turns-to-crowdfunding-site-to-help-it-fund-a-smart-lock-that-opens-by-using-a-smartphone_id63774

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