'You may reject the idea of a microchip implant, but your grandchildren could embrace them, according to an Australian professor. Katrina Michael, associate professor of the University of Wollongong's school of information systems and technology, and author of scientific paper Towards a State of Uberveillance, said subdermal chip implants in humans could be commonplace within two to three generations.

But at present, she regards the device as a threat to life and liberty because technologists and politicians largely do not know if silicon chips could harm the human body and have not determined the terms in which the devices can be used.'

Read more: Grandkids to Welcome 'Uberveillance'