Verichip Puts Itself Up For Sale, Parts Ways With CEO
Written by Evan SchumanMay 17th, 2008
Controversial RFID vendor Verichip on May 15 announced that it is selling much of the company, wants to sell the rest of it and that the company has parted ways with its CEO, Scott Silverman.
Verichip and its onetime parent company, Applied Digital, generated a lot of negative publicity for RFID with its efforts to push implantable RFID chips, including some especially controversial statements that Silverman made about RFID chips being implanted in non-citizen guest workers. The company’s sale of its XMark unit to The Stanley Works for $45 million will remove the vast majority of the company’s revenue. (RFID Update just ran an excellent look at whether such implantable RFID efforts are viable anymore.)
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I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
