WIT Press


Acceptance Of An Implantable Data Security Chip To Facilitate A Cashless Society

Price

Free (open access)

Paper DOI

10.2495/CI040101

Volume

31

Pages

10

Published

2004

Size

314 kb

Author(s)

A.M. Young

Abstract

As the monetary system evolves new and more efficient means of payment become possible via the Internet, microchip store value cards and telecommunications. With the improved convenience and sophistication comes a greater potential for fraud and loss of privacy on a magnitude not previously possible. A logical extension of the control environment surrounding means of exchange is a permanent verification mark, which would allow unique identification and storage of personal and financial information. Chip implantation complete with global positioning satellites is a possible alternative with their increasing storage capacity, diminishing size and remote access. Successful human implantation of chips has occurred with no signs of rejection or infection. A model has been developed to test the acceptance of this new technology. The underpinni

Keywords