It is possible to store your vital information on an iring and activate it with a retinal scan from your eye if there is a mini camera in the iring. The ring using electromagnetic waves could then activate a retailers cash register and make the purchase by just scanning over the receiving device in the store. To deactivate the iring you would scan your retina a second time and it would turn off the iring.
The retailer would also have to have a sample of your retinal scan so that your identity could be verified because you could potentially turn your iring on an have it used by a potential thief to make an unauthorized purchase at point of sale.
This is a great system for relatively small purchases but there would be a problem of theft under gun point where a potential criminal would force you to activate the iring and make an international purchase of a product which you don’t want or transfer an incredibly large amount of money out of your bank account to a foreign country account.
The common human could use the iring relatively safely but the very rich would have to have theft protection procedures which would guarantee a bona fide transaction for large money amounts so they couldn’t be stolen from.
The iring could be used to activate your cell phone and you could then open a car door, house door, reset the thermostat in your home remotely, or make a purchase online. Some form of the iring will be the new technological advance but a lot of retailers will have to agree to the uniform detection device which would be needed so that anyone could purchase a product from them.
Encryption of the information will be necessary and there is still the danger of hackers intercepting the signal somewhere between you and the bank and stealing your identity.
There is also the problem of losing your iring and not being able to access your bank account electronically so some kind of safe storage device for your information would have to be invented which could reset a new iring with your important vital information on it without having to go to the bank physically and activate a new iring.
I personally don’t like to wear rings and would prefer to activate my cell phone with a retinal scan directly and turn it off with another retinal scan. The ring is really a pain in the butt or finger and an extra accessory which you don’t really need. I would use my cellphone as a credit card but which operates at a signal which has a short range or distance to the cash register pickup device so my signal would not be intercepted by a criminal with a pickup device for the signal.
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