Should be significantly more secure than Mifare though. Ideally something like a contactless OpenGPG card or similar.
Recently I searched for passive NFC ICs that'd be suitable for implementing that, but came up empty. Usecase was exactly that: A NFC device located at about the wrist. My laptop has a NFC reader at just the right place of the handrest to read it. And I'd probably transplant a NFC reader into my desktop computer's keyboard for the same purpose.
But first I'd need that NFC thingy.
Just found this also in my search while typing this comment.
Looks like it might be open source as well?
https://github.com/mclear/NFC_Ring_Control
Might be something to keep check on, it supposedly doesn't release until mid 2017.
EDIT: Just thought about if this is open source, anyone could possibly tie it in with automation apps such as Tasker and really do neat stuff.