Biochips are small devices that can be implanted under the skin that contain electronic circuits and antennas. They are used for identification and can store personal information that is transmitted to readers. A biochip has a microchip, antenna coil, capacitor, and glass capsule. It receives and transmits signals to a reader that displays the unique identification number. Biochips have advantages like being small, fast, and able to store multiple types of personal data. They could potentially serve as credit cards, driver's licenses, and passports in the future with all information contained on one implanted chip.