According to a tech blog at the still standing Chicago Tribune, 2 university of Chicago Booth School of Business 1st year students have launched a iPhone/iTouch app firm called Bump Technologies. Their first app allows iPhones/Touch users to ‘bump’ each other in order to share information (like a fist bump). From the piece by Eric Benderoff:
The new iPhone app, called “Bump,” transfers data from one iPhone to another (or an iPod Touch) simply by bumping each other. While one person holds an iPhone, he “bumps” hands with another user holding her iPhone. Then detailed contact information or just select data, such as a phone number, is shared.
The company says information is exchanged in less than 10 seconds.