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The iPhone could be replacing one more device, your wallet
Rumors are flying today about iPhone5 adding Near Field Communication (NFC) capability. You may also see the term RFID used as well. With NFC, your iphone could become a electronic wallet so you could carry some sort of secure ID for purchasing your groceries. It could also be used to store you home folder, so that you could go to any Mac, wave your iphone over it, and your files and settings automatically appear.
Now, this seems interesting, and it would be nice not to carry around a wallet. To bring my home folder along would require a 500GB iPhone, so I don’t think that will be possible for the iPhone5, maybe in the future. It would be nice to go to any computer to use your stuff, but I see lots of problems in the near term. What about applications, are they transferred as well? What happens to the data when I leave that computer? How secure is the whole transferring of data? The electronic wallet also has me concerned with identify theft. In order for these to really work, security will really have to be greatly improved to trust it.
