Tuesday, 26 February 2013

Credit Card is replacing with Finger ...!What a technology

Futurists have long proclaimed the coming of a cashless society, where dollar bills and plastic cards are replaced by fingerprint and retina scanners smart enough to distinguish a living, breathing account holder from an identity thief.
What they probably didn't see coming was that one such technology would make its debut not in Silicon Valley or MIT but at a small state college in remote western South Dakota, 25 miles from Mount Rushmore.
Two shops on the School of Mines and Technology campus are performing one of the world's first experiments in Biocryptology - a mix of biometrics (using physical traits for identification) and cryptology (the study of encoding private information). Students at the Rapid City school can buy a bag of potato chips with a machine that non-intrusively detects their hemoglobin to make sure the transaction is legitimate.

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