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British companies are planning to microchip their employees in order to boost security and stop staff from accessing sensitive areas of the business, The Sunday Telegraph has learned.

Biohax, a Swedish tech firm, has disclosed it is in talks with a number of UK legal and financial services firms to implant workers with human chip devices. One prospective client, which the company said could not be named, is believed to be a major global auditing firm with “hundreds of thousands of employees”.

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“These companies have sensitive documents they are dealing with,” said Jowan Osterlund, the founder of Biohax and a former professional body piercer. “[The chips] would allow them to set restrictions for whoever.”

The chips, about the size of a grain of rice, cost pounds 150 each and are similar to those used for pets. As well as restricting access to controlled areas, microchips could be used to buy food from the canteen, enter the building or access printers.