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Developers launch "Find My Stuff" app

Wasting your time finding your lost keys, wallets or eyeglasses could soon become a thing of the past.

A new mobile app called “Find My Stuff” is designed to find your valuables by placing small electronic tags on them.

If an item goes missing, it can be typed into the app, after which a wi-fi signal is sent to the tag, locating the item.

However, Florian Schaub, a research assistant at Ulm University, recognizes there is a security issue with this app. Another user of “Find My Stuff” would be able to track to track you as you pass buildings with sensors.

To combat this issue, “Find My Stuff” has been developed for strong user authentication which only allows the user to search for their own lost items.

“We don’t want to build a surveillance network,” said Schaub.

According to a survey conducted by insurance firm Esure, the average person loses nine items a week, resulting in 15 minutes a day wasted searching for the items.

The app, created by German scientists have not said when it will be officially launched, as there are still some glitches that need fixing.