Speaking to AFP, Oxley said that all the other brain-machine interface technologies had involved inserting an electrode directly into the brain.
He said the aim was for the new device to work much like a cardiac pacemaker, which is typically inserted without open-heart surgery. "The cardiac pacemaker is essentially the classic bionic device -- it goes inside a vein, it sits next to the heart and it works for a lifetime," Oxley said.
"And we are essentially trying to do the exact same thing for the brain. Go up a vein, leave it there, and have a lifetime of recordings coming out of it."
It is hoped that the research, which involved 39 scientists from the Royal Melbourne Hospital, the University of Melbourne and the Florey Institute of Neuroscience and Mental Health, could also be used to treat epilepsy, depression and Parkinsons.