According to Yahoo!Finance, Nxt-ID is, “…a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.”
The Study of Failure
“…while risk-taking can lead to either spectacular success or disastrous failure, looking only at successes will show a positive correlation between success and risk-taking.
“At least half the problem, says Denrell, is that data for failures tends to disappear. After all, companies that pursue unsuccessful strategies either go out of business or change their approach. Either way, information about the unsuccessful strategies becomes scarce, especially in comparison to the wealth of data from successful organizations (Krakovsky, Marina. What We're Missing When We Study Success. Graduate School of Business, Stanford. January 1, 2004. link.)”