Riders who don't like this idea had best start mobilizing now.
Manufacturers are likely to go along and insert a chip in bikes ... and any cyclist hit on the road without a chip or a connected smartphone will be hit hard (like people who don't wear seat belts---a ticket before the crash, in some cases, less insurance after.)
I use my phone to track my rides ... so I assume anyone who wanted could track me, and even listen to me wheezing ... but I wouldn't Voluntarily log in before a ride.