Firstly, Is the human body a fit place for a microchip? This debate is no longer hypothetical. The same computing power that once required an entire building to harness now can be inserted in your left arm.
A microchip is a very small piece of silicon inside a computer. It has electronic circuits on it and can hold large quantities of informations.
Looking back to 1998, A Microchip was implanted into a human. The technology has been available during the past decades and also been available commercially.
According to founder and chief executive Wojtek Paprota. “It can be used wherever contactless payments are accepted, The implant can be used to pay for a drink, a coffee, a haircut or at your local grocery store e.t.c.
A British-Polish firm, Walletmor, says that last year (2021) it became the first company to offer them for sale.
Walletmor Chip is said to be weighs less than a gram but little bigger than a gram of rice. It consist of a tiny microchip and antenna encased in a biopolymer – a naturally sourced material, similar to plastic.
Mr Paumen has a chip under the skin of his left hand, and it lights up when it comes into close contact with a payment machine.
According to Mr Paumen, it’s safe, and has regulatory approval, it works immediately after been implanted, just implant and start using. It will stay firmly and does not require battery or any power source. The firm says it has now sold more than 500 of it chips.
He adds that he is not concerned that his whereabouts could be tracked.
An x-ray showing a Walletmor implant, which are injected into a person’s hand.
The technology Walletmor uses is near-field communication or NFC, the contactless payment system in smartphones. Other payment implants are based on radio-frequency identification (RFID), which is the similar technology typically found in physical contactless debit and credit cards.
However, with out giving a percent figure, the record delivered that “invasiveness and safety troubles remained a first-rate concern” for respondents.
Mr Paumen says he would not have any of those worries.
“Chip implants include the equal type of generation that human beings use on a every day basis,” he says, “From key fobs to release doors, public transit playing cards just like the London Oyster card, or financial institution playing cards with contactless price function.