Bike sharing programs at university campuses aren't exactly new. And the one that students at MIT in Boston have been operating for two years isn't high tech despite its university being synonymous with cutting edge developments.

But the goal of these students is to take the program high tech, eventually linking it to MIT's card program. While the program is called TechBikes, a more accurate term, according to one of its co-founders, Danny Shen, is "a no-tech communal bike" program … at least for now.