The document discusses Java rings, which are finger rings containing microprocessors that can store and run small Java programs. Specifically, it describes the I-button, a stainless steel ring developed by Dallas Semiconductor in 1989 containing a 1 million transistor chip with RAM, ROM, a Java Virtual Machine and other components. The document outlines the historical background of Java rings, their components, security features, applications like access control and comparisons to other technologies like credit cards. It concludes that Java rings offer a secure way to carry digital information and credentials and may see wider use in the future.