The document discusses biochip technology which involves microprocessor chips that can be used in biology. It describes how biochips could potentially store a person's financial, medical, and identity information and be used to make payments, access medical records, and more. It proposes implementations of biochips with sensors to detect glucose, oxygen, and blood pressure levels. However, it notes that if biochips contained all of a person's electronic information, there could be security issues like theft where criminals extract chips from people. A solution is needed to address this potential problem. The document provides an overview of emerging biochip technology and applications as well as a security concern that would need to be resolved.