Secure Transactions in a Chip: A Contemporary Review of Smart Card Innovations

Smart card technology has emerged as a powerful tool in the field of secure identification, authentication, and transaction processing. This abstract provides a comprehensive overview of smart card technology, highlighting its key features, applications, and benefits. Smart cards, also known as integrated circuit cards, are portable devices that incorporate a microprocessor and memory to securely store and process information. These cards have revolutionized various industries by enabling secure access control, secure payment transactions, and secure storage of sensitive data. The abstract begins by exploring the fundamental components and architecture of smart cards. It delves into the different types of smart cards, such as contact-based and contactless cards, and explains the communication protocols employed in their operation. Furthermore, the abstract discusses the extensive range of applications where smart cards have found widespread adoption. These applications include identification cards, payment cards, healthcare cards, transportation cards, and more. The abstract highlights the advantages of using smart cards in each of these domains, such as enhanced security, convenience, and interoperability.