The invention relates to a tool which has more than one function. As a first function, the tool is capable of activating a fastening element, either by direct physical contact or by remote activation. As a second function, the tool is capable of detecting an attribute of the fastening element. The attribute can include position or location of the fastening element, status of the fastening element, identity of the fastening element, environmental factors affecting the fastening element, size of the fastening element, sequence in which the fastening element must be activated, history of the fastening element, authorization requirements in relation to the fastening element, or activation requirements of the fastening element.