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Phones become electronic wallets

Lamont Wood | March 26, 2012
In a recent pilot project, about 30 regular guests at a Clarion Hotel in Stockholm were given smartphones enabled with Near Field Communication technology, enabling them to bypass the check-in counter and access their rooms by tapping their phones on an NFC reader, which replaced the typical card-swipe door lock.

Whoever initially supplies the secure element of a phone would probably charge other parties to use it for their apps, but that would additionally involve establishing trusted relationship among those parties, and many details would have to be settled, he notes. "How many trusted relationships can you work out?" he asks. "There are so many parties that need to be involved that it's mind-boggling."


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