People from Sweden always seem to be on the cutting edge of innovation. Sweden has produced some amazing companies such as H&M, IKEA, Spotify, Skype, and Electrolux. Sweden has also taken steps to become the world’s first cashless society. When I was visiting there last summer, several businesses had signs posted stating that they did not accept cash.

So it should come as no surprise, that Sweden is testing another innovation – putting a microchip under your skin to replace your wallet.

Several thousands of Swedes have already had the procedure done which consists of inserting a piece of rice sized microchip under your skin. They then simply need to wave their hand in order to access locked doors at work, pay for train tickets, and eventually perhaps even doing away with a boarding pass completely.

The implants have already helped replace the need for a host of daily necessities. Ulrika Celsing’s microchip, which is in her hand, has replaced her gym card and office key card. When she enters her workplace, the 28-year-old simply waves her hand near a small box and types in a code before the doors open, AFP said.

I think this is an interesting concept and something that can be explored more in depth. I would curious how they can ensure security against hacking but it’s something that I’m going to be keeping an eye in the future.