The Revolution of Near Field Communication: Transforming Transactions and Ticketing

The video discusses the development and applications of contactless chip technology by Philips and Visa International. It highlights the use of NFC technology in various sectors such as gaming, ticketing, and retail. NFC enables electronic ticket storage and distribution, and facilitates person-to-person payments without cash. The technology also enhances retail possibilities and provides secure transactions with cryptographic features.

What are the applications being developed with the new contactless chip technology?

How can ticket holders distribute tickets to friends using NFC?

What is the new person-to-person payment concept introduced by Visa?

Describe how NFC technology allows users to show their electronic tickets.

What security features do devices with secure NFC possess?