The Oura Ring is the only smart ring thatā€™s found any real commercial success. | Photo by Victoria Song / The Verge

Smartwatches stole the spotlight from phones this fall, but thereā€™s another wearable form factor waiting in the wings: smart rings. Korean outlet Naver recently reported that Samsung has filed a patent with the US Patent and Trademark Office for a smart ring of its own, complete with EKG and smart home control. And while itā€™d be awesome if Samsung did kick down the doors next fall with a new wearable, the reality is itā€™ll be a long, long time before this kind of futuristic smart ring is ready for prime time.

Itā€™s easy to see why smart rings are an attractive prospect. Compared to smartwatches, theyā€™re more discreet, fingers are better for heart rate measurement, and rings are way more comfortable to wear 24/7. Theyā€™d be ideal health trackers for that reason. But they also pose greater engineering and technical challenges than a smartwatch because theyā€™re so dang small.

Take the popular Oura Ring, which Iā€™d wager is the only consumer smart ring that youā€™ve probably heard of. Oura recently launched a perfectly round Horizon ring. It looks nice ā€” Iā€™ve got one on my finger right now ā€” but it doesnā€™t do anything different than the Gen 3. Itā€™s easy to brush this update off as a cosmetic change. I did when I initially heard the news. But when I sat down with Oura CEO Tom Hale a few weeks ago, he explained that a perfectly round smart ring is an incredible engineering challenge. As it turns out, itā€™s hard to get a battery thatā€™s simultaneously small enough to fit into a ring while also being thin and flexible enough to hold a curved shape. Thatā€™s why most smart rings that make it to market have a flat edge somewhere in the design.

Image: Oura
Itā€™s round. Thatā€™s the innovation, and I mean that with no sarcasm.

Thatā€™s where weā€™re at with consumer smart rings. Genuine hardware innovation is being able to make something completely round. Meanwhile, its software-based breakthroughs arenā€™t unique to the smart ring. These days, you can find everything the Oura Ring tracks on a smartwatch. (Though to Ouraā€™s credit, its approach to recovery tracking is among the best.)

I wouldnā€™t be shocked if Samsung, Apple, or even Google could make an EKG-capable smart ring. Thereā€™s one that does it already called the Prevention Circul Plus. Itā€™s the ā€œsmarterā€ features like controlling your TV, delivering notifications, or interacting with your phone that Iā€™m most skeptical of.

Earlier smart rings tried to do more. Ringly was a $200 fashionable ring that vibrated and lit up whenever you got a notification, except it didnā€™t have a screen so you had to memorize what combo of buzzing and lights meant what. It also wouldnā€™t work if you were out of Bluetooth range. Meanwhile, the Motiv Ring started out as a simple fitness tracker but then added biometric two-factor authentication. I never got it to work. The thing is, smart rings are at their ā€œbestā€ when theyā€™re kinda simple.

Smart rings are at their ā€œbestā€ when theyā€™re kinda simple

Iā€™d argue the Oura Ring is the one thatā€™s stuck around so long because itā€™s a single-minded gadget. Itā€™s a recovery tracker and itā€™s not doing anything other than gathering health data from your finger. Ouraā€™s done a ton to contextualize that data. Itā€™s been smart about working with other health and fitness apps, as well as researchers, to make its data valuable. But bluntly speaking, itā€™s a $300 data collector that now comes with a $6 monthly subscription. I quite like my Oura Ring, but owning one is essentially paying a premium for a passive device youā€™ll seldom interact with.

Thatā€™s the paradox. As the current technology stands, smart rings donā€™t work well outside of discreet, passive health tracking. Thatā€™s great for clinical research as noninvasive, continuous data can potentially unlock a lot of insights. Case in point, there are some intriguing smart ring ideas being thrown around by startups. Ultrahumanā€™s working on a smart ring to ā€œhackā€ your metabolism; Movanoā€™s working on getting FDA clearance for a ring to help monitor chronic illness; and Happy Health just got a ton of funding for a ring to gauge mental health.

A smartwatch can do everything a smart ring can ā€” and much, much more

But as neat as some of these ideas are, Iā€™d argue those use cases are more interesting to researchers than consumers. In these inflationary times, consumers want the best bang for their buck, and a smartwatch can do everything a smart ring can ā€” and much, much more.

At the end of the day, patents arenā€™t a guarantee that a company will release a given product. All this patent really tells us is Samsungā€™s noodled around with the idea of a smart ring and wants to deter rivals if it manages to make a winning product. Unless Samsung can figure out a killer reason why consumers would even want a ā€œGalaxy Ringā€ ā€” and controlling a TV definitely isnā€™t it ā€” my guess is that this is one patent that wonā€™t see the light of day for a long time. If ever.

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