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what money really means and how to get rich_136

Author: what money really means and how to get rich

Biometrics.The merging of humans with computer-encoded data.That is the future of money.

My Imagination sees a cyborg, a human in whose body computer chips

have been embedded. These chips communicate with our mind and with

computers outside the body.A chip perhaps kept in some lockbox in the skull.

A semiconductor surgically placed under the skin in the forearm.

But this isn't science fiction fantasy. This isn't something I have to try too

hard to imagine. It's happening today. In England, for example, a professor at

the University of Reading has implanted microchips in his body. He can open

doors without physical contact and soon hopes to have his nervous system

communicate directly with his computer.

Still, that isn't the future. Cyborgs are about as advanced as an external

computer modem.

Instead, picture this:That same professor walks into his office and the doors

open when he says, "open." His computer turns on at the sound of his voice,

his fingerprint on the keyboard serves as his password to open secure files. He

even pays for deliveries just by a simple confirmation of "yes" when the delivery

person drops off his food.That "yes" is circuited through a wireless Internet

environment and routed to his bank account. A debit is confirmed right then

and there.

That's biometrics.We don't need artificial devices planted on us to access

computer-encoded data and vice versa; those capabilities exist with biometrics.

Biometrics are computerized methods of recognizing people based

on physical or behavioral characteristics. The main biometric technologies

include face, fingerprint, hand geometry, iris, palm prints, signature, and voice

recognition.

Those biometric methods are currently being used mostly for security purposes

to identify criminals and terrorists at airports, passport control areas, and

security checkpoints around the world. But think about biometrics in the

context of money. Money is, as we have found, a medium of exchange for the

purposes of conveying trust and information. So, let's break that down.


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