KeyMe is a new iPhone application that scans users' keys and stores them on cloud. The information can be retrieved to duplicate a key in case of loss.

You don't have to be a hardcore techie to use this app but as long as you can take a picture from your smartphone, the rest will be done by KeyMe. The new smartphone app stores pictures of users' keys in a cloud service, which can be used for duplication in case the original is lost. The app is currently available only for iOS users and follows a simple registration process.

The free iPhone app scans your key but does not save the actual digital print, in fact it converts the picture into a series of numbers. These codes and numbers may seem alien to us but not to the locksmiths as it helps them in the duplication process. Users can download the app from iTunes, and create an account. And yes, it asks for your credit card information in case you order a duplicate key online or retrieve the key's data. With the help of the data stored online, users can order a duplicate key for $19.99. But if users prefer going to the locksmith, they can retrieve the key's information for $9.99, according to the Christian Science Monitor.

The new app minimizes the time and cost spent during a lockout. Locksmithing has seen very little innovation despite its huge business. KeyMe founder and chief executive officer, Greg Marsh, said that the locksmith business is a $5 billion industry and his new app will help customers and locksmiths to solve lockouts in better ways.

KeyMe currently has five 24-hour 7-Eleven stores across New York. These kiosks use the information stored on the cloud to provide customers with a new copy in about a minute. The company is planning to expand the number of outlets by the end of the year. The kiosks can be found in Bowery, 5th Avenue, 8th Avenue, York Avenue and Amsterdam Avenue in New York.

The startup also noted that the key's data stored online is absolutely safe. KeyMe says that they do not store any address or location of the lock with the key's information to avoid any kind of vulnerability. The security of the account is maintained with two-factor verification. Email notifications will be sent to users' email address for any future activities.

KeyMe advises users to take a picture of their key by placing it on a white piece of paper. Ensure other keys are removed. Capture both sides of the keys from a 4-inch distance.

KeyMe only supports apartment and house keys and does not offer duplication of car keys or mailbox keys, yet.