Project Isis – Revolutionary or Idiotic?
Imagine a life without cash, credit cards, and even wallets. If Project Isis takes off, this is exactly the kind of future we could be looking at. AT&T, Verizon, and T-Mobile, teamed up with Discover Financial Services and Barclaycard US have begun developing a system in which all transactions occur through your cell phone. It uses technology called near-field communication to transmit data from the phone to the receiver. The developers are also implementing numerous security measures to make sure it is secure. The project was announced in early November of 2010, and the first devices are expected to be released in the next 18 months. The system, already in place in part of Japan and South Korea, aims to make a more convenient, personal, and simple way of paying for things.
However, if this system is nationally implemented in the United States, this will require all Americans to have a cell phone in order to pay for anything. In our society this would never work – the government would have to create a program that equips every person with this device. In the modern day, you can walk down the street and find a dollar lying on the sidewalk and instantly be a dollar richer – with this system you are required to have a cell phone in order to have money at all. There’s a huge problem with this, and I don’t think that it would be a good idea at all. If it is implemented, it is surely going to take a very, very long time.