Samsung is again on its launching spree that is bound to introduce an open software and reference design hardware to measure healthcare features of the wearable users.

The Simband fitness band reference design integrates a new sensor module that measures heart rate and blood pressure, which are useful for future wearables. A cloud-based software platform called Samsung Architecture for Multimodal Interactions (SAMI) collects the sensor data from the devices and analyzes for the user.

Although it seems to be crossing between Sony Core and Google Android Wear, Samsung allows third-party software and hardware partners to use the Simband's technology to develop their own wearable platforms.

According to Cnet report, the new sensors in acoustic, optics and electrical generation can sense materials in the air and track glucose levels in the user's blood. To help them out for a better technology, the University of California in San Francisco will test the sensors for accuracy while IMEC, a Belgium-based nanotechnology research center, will provide other required features and needed testing.

Simband is designed for energy efficiency where users can plug the shuttle battery when charging while they are inactive. Once active, users can take out the battery and carry the band for their measuring. The introduction of Simband has certain speculated specifications. But during the demonstration, the band includes a 14 mm x 34 mm (half the size of an SD card) body, a 1 Ghz 2x ARM A7 28 nm chipset and Wi-Fi and Bluetooth on board.

Samsung believes the new technology will be present in its own mobile devices in the future. But the company would also like other organizations to participate. Samsung launched a $50 million investment fund, Samsung Digital Health Challenge, to get a start for the development of the digital health technology for the new platform.

Ram Fish, Samsung vice president of Digital Health, said, "We believe that once we are all working from this common platform, sensor technology will accelerate."

He added wearable sensors will become more accurate, offer more valuable insight and be brought to the market more quickly with a common platform in place.