(DAILYMAIL) — For forgetful types, it promises to be a new wonder pill.

But far from boosting the memory, the tiny swallowable capsules contain a minute chip that transmits an individual’s personal details.

Electronic devices will be able to read the unique signal, ending the need for passwords and paper forms of ID, such as passports – and freeing users from such mundane tasks as recalling countless codes and security answers.

Already approved by the both the U.S. Food and Drug Administration and European regulators, the ingestible sensor is powered by a battery using the acid in the wearer’s stomach.

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