Tech company installing microchips into employees - KWWL - Eastern Iowa Breaking News, Weather, Closings

Tech company installing microchips into employees

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River Falls, WI -

A Wisconsin tech firm will soon be installing microchips in its employees, according to CNBC.  Three Square Market will be the first to do so after the device was approved by the FDA in 2004.

CEO Todd Westby says the rice-size microchip will be put in the employees' hands if they choose to do so.

"We think it's the right thing to do for advancing innovation just like the driverless car basically did in recent months," he said in an interview with "Closing Bell."

The chip costs $300 per implant and is inserted using a needle between the thumb and forefinger.  It can be used to buy food and drinks in the break room, open doors, and log into computers.

Westby says employees cannot and will not be tracked.

"Unlike your cell phone that is trackable and traceable pretty much no matter where you are, this device is only readable if you're within six inches of a proximity reader," he said.

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