The world’s first payment from a chip implant!

For some people, the future is now, as the world’s first verified bio-payment using Bitcoin has been performed through a microchip implant into a man’s hand.

With the help of fellow computer software developer Juanjo Tara, Patric Lanhed has started the age of Bitcoin bio-payments. The video below shows Lanhed being the human guinea pig for the first verified Blockchain entry, literally by hand, using an NFC (Near Field Communication) scanner. They used a microchip developed by Dangerous Things, which stores 888 bytes of data, enough to hold up to 26 Bitcoin private keys. The two developed the software that takes the NFC scan and transmits it to their online bitcoin wallet portal, providing a quick confirmation.

„I’ve heard about people who have a public key stored in their chip, which in theory would make it possible to pay BTC to that persons Bitcoin wallet, but not paying from it,” says Patric Lanhed, who performed the first transaction using a chip implanted in his hand. „This is what we been trying to figure out and last night we pulled it off. The world’s first payment from a chip implant!”

“We are here to try to expand the frontiers of bio-functionality,” Tara reports to Vice’s Motherboard. “Ultimately you will be able to connect you credit card to your implant and pay with that. But this terminal is probably a generic product that can be used in other situations as well. It doesn’t have to be payments, it can be reading medical journals or travel documents.”

In that vein, they have proven this is only the first step in their bio-ventures. They have made another video using this system where medical information is stored in the hand and transmitted to a smartphone for viewing by medical first responders. They will make their code open source, so that the online community can follow in their implanted footsteps.

While this is the first verified bio-payment using Bitcoin, it is not the first hand implant of private keys. Martijn Wismeijer, founder of the Bitcoin ATM company, Mr. Bitcoin made news about this time last year by getting not one, but two glass 2mm x 12mm chips implanted into each hand to store his bitcoins. There is no proof of him making payments with these chips, but he says the chips can be read by the latest Apple iPhone 6 and Samsung Galaxy S5 smartphones.

“I did it because I wanted to experiment with strong bitcoins using subdermal implants because that’s what I thought would be the Holy Grail of contactless payments,” he told the IBTimes.

Source: cointelegraph.com