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At the D11 Conference, Jason Johnson and Yves Bahar have unveiled a new digital lock system for home doors called “August.” The iPhone app allows users to send virtual keys to doors to other users. The system installs as a deadbolt with two screws into modern doors. The company says that installation is seamless…

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A scenario demonstrated on stage includes a user with his phone in his pocket being able to open an authenticated door while his hands are full.

The iPhone app’s door-unlock-sending system allows users to choose timeframes in which the virtual key will work. The app can also share an enter/exit log with the home owner. The virtual keys are said to also be easily removable…

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Battery life on the device is 6-12 months. A key can open the door if the battery runs out. The August is priced at $199, and it is available now to reserve at www.august.com.