Biochips are small computer chips that can be implanted under the skin for identification purposes. They work using radio frequency identification (RFID) technology to communicate between the chip and a reader. Over 7 million animals and 6 million medical devices implanted in humans already contain biochips. While biochips increase diagnosis speed and aid identification, their widespread adoption faces challenges regarding privacy, initial costs, and addressing chip failures. Proponents argue biochips will soon replace physical wallets and enable new forms of commerce requiring chip-based identification.