What does the market of implant technology look like today?Three Square Market in the US recently offered their employees the ability to receive tiny radio frequency identification (RFID) implants in their hands for free as part of a ‘chip party’. This followed a Stockholm based start up who had previously offered similar incentives to their employees. The implants allow the employees to open doors, log into computers and even use the vending machines.
We’re entering a generation of ‘always on’ wallets, where chip implant technology means payments can be made seamlessly anytime, anywhere. The chips currently available on the market are predominantly RFID chips with near-field communications (NFC) technology. Similar to those used in credit cards, pet microchips and to track parcels in the mail.