You may be right there but I think it depends on who is in control of the world government leader who understands his flocks would not do such a bad move thing as fully controlling his people. I believe that transparency is a must but we need to preserve human privacy too.
Let's say this chip can only track the record of your super evil deed murder, adultery, etc.. and not invade your other privacy stuff such as what humans normally do in private love and such.
Right now you can see the division of people into those who already know what awaits us and those who have not even heard of chipping. The worst part is that such actions against a person violate their privacy rights and depersonalize them. Many of the world's religions oppose the chipping, but it seems that the authorities have simply spat on religions and will discriminate against people who refuse to be chipped in order to create a society under their control.