http://www.adsx.com/accesscontrol.html
The Verichip (or similar) will certainly be the "root technology" of whatever "continuous-body-tracking" device that they come up with, but it currently will NOT do "24 hour a day report-back-to-the-office" tracking.
Currently, the chips draw their power to "report back" from the RF pulse the reader machine supplies. There is not currently a power source that that can be implanted into the body to provide the power for the continous radio link that a "report-back" device requires.
The best that the Verichip can currently do is report you when you pass a "reader". You can bet that eventually, such "readers" will be placed in the terminals of every mass transportation service in the country (unless, that is, they come up with a suitable "body power source" before then).