Verichip Buys ID Security Company

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VeriChip has a new name. The company famous for its development of RFID tags that can be implanted in humans has acquired Steel Vault Corporation, a provider of identity security products and services. Anti-identity-theft meet human microchipping. Together, VeriChip Corp and Steel Vault Corp are forming a new company called PositiveID.

Scott R. Silverman, Chairman and CEO of PositiveID, stated,
"In joining these two companies, we believe we are better positioned to accelerate the development of our exciting diagnostic and sensor applications such as glucose-sensing, as well as our rapid virus detection system for the H1N1 virus and other pandemic viruses. By moving beyond the original patient identification application of our implantable RFID microchip technology, we believe that we will be able to get high-value products to market faster with a more efficient use of capital."

Of course, it's easy to imagine the eventual use of RFID technology to identify every human being in America and even the planet. It certainly could reduce the problem of ID theft if one's scannable ID was embedded in one's arm. No more stolen or lost credit cards. No more forgetting one's driver's license at home. At least, PositiveID could make that argument, and then hello Big Brother.