Wed Apr 20, 2022 – 11:36 am EDTWed Apr 20, 2022 – 11:40 am EDT STORY AT-A-GLANCE Implantable microchips are marketed as the ultimate in convenience, but the goal is to create the Internet of Bodies (IoB), described by the World Economic Forum (WEF) as an ecosystem of “an unprecedented number of sensors,” including emotional sensors, “attached to, implanted within, or ingested into human bodies to monitor, analyze and even modify human bodies and behavior” Sweden is one of the earliest adopters of implantable microchips. The chip is implanted just beneath the skin on the hand, and operates using either near-field communication (NFC) — the same technology used in smartphones — or radio-frequency identification (RFID), which is used in contactless credit cards Implanted payment chips are an extension of the internet of things; they’re a way of connecting and exchanging data, and the benefits must be weighed against the potential risks Countries around the world are now working on a system for a central bank digital currency (CBDC), a fiat currency in digital form that is programmable so that you can only spend your money on certain things or in specific places, as desired
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