Speaking at the Money 2020 conference underway this week in Las Vegas, Cellum Global CEO János Kóka announced a new product which makes ID and ticket presentation “essentially copy- and forgery-proof”.
As the press release states, the new technology “can turn the smartphone into a wallet that not only lets users pay, but also serves to store and present their transport and event tickets, their passes, or even such sensitive personal information as a national ID card or health insurance data.”
At the center of the breakthrough is the use of a Motion QR code, which holds much more information than the static QR codes consumers are used to seeing on packages and store-fronts.
The new technology is expected to be commercially available in early 2014.