business blogs uk

According to research released today by the Institute for Grocery Distribution (IGD), a retail think-tank, one in five teenagers and one in nine adults would be willing to have a microchip implanted to pay shoping bills and help to prevent card or identity fraud and muggings. A quick scan of the arm would connect immediately to bank details and payments could be made swiftly.

Geraldine Padbury, senior business analyst at IGD, accepts that many consumers will have concerns about their privacy, but says that teenagers, the next generation of shoppers, will have far fewer concerns about using the body chips.

“With teenagers happy to use MySpace (the networking website) and blogs to share details of their private lives, there may be less concern surrounding privacy than for other generations.”

Would you take the chip?