San Francisco, July 6 : Tech giant Samsung has released a new beta version of its Health application, which revealed that the company could launch a smart ring 'Galaxy Ring'.

In February, it was reported that Samsung was working on Galaxy Ring for health tracking.

The company was granted the Galaxy Ring trademark by Korea Intellectual Property Rights Information Service (KIPRIS).

The Galaxy Ring classifications explained the product as a “smart device for measuring health indicators and/or sleep in the form of [a] ring.”

The Galaxy Ring will likely monitor the wearer's health and physical activities similar to a smartwatch.