Video: Proof-Of-Concept of the World’s First Bio-Payment Using Bitcoin

Journalist:
Samburaj Das @sambdas
October 30, 2015

Biohacker Patric Lanhed has pulled off a neat trick. Only, it’s more than a gimmick.

While sending payment of 1 Euro worth of Bitcoin from one wallet to another, the authentication for the transfer is embedded in a chip for the NFC-key transfer. The chip, is implanted into Patric’s hand, with the secret key to his Bitcoin wallet under his skin.

With this established, a proof-of-concept video (below) shows Patric Lanhed and his acquaintance Juanjo Tara – a firmware engineer at Arduino, demonstrate a successful bitcoin payment from one digital wallet to another. The transaction they claim – is the world’s first “bio-payment.”

The aim, they say, is to store data in the embedded chip and to specify even storing different data, within the same chip. Their Medium post reveals that their ultimate goal is to have the technology accepted as a standard and they will be releasing it as open source.

Lanhed sees a future where people walk around with embedded implants with chips containing different types of data, including bitcoin. They claim the applications besides a bio-payment will include:

  • Payments
  • Medical records
  • ID papers such as an embedded Passport
  • Travel documents
  • ICE (In Case of Emergency) tags
  • Data authentication for consumer applications such as vehicle entry, home security, computer authorization etc.
  • VCard exchange over a phone and plenty more applications.

Here are some other videos that demonstrate some of the above applications.

Last modified (UTC): October 31, 2015 17:52

Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas