Teleportation is the process of moving objects from one place to another more or less instantaneously, without passing through the intervening space and scientist at the Niels Bohr Institute in Copenhagen have done it.

Hold your breath! We are still far away from transporting human's star-trek style but still we have moved one step closer. Danish scientists have managed to perform teleportation between two different objects, light and matter at the distance of 1.6 feet.
This technology is really more like transferring of information at incredible speed than 'real' teleportation. So to get beamed up like in star-trek is still a long way ahead.
But this technology can be applied to make ultra-powerful computers and super-secure encryption systems.
The diagram below shows how it's done.

Step 1: Pair of entangled ions is created: B and C
Step 2: The state to be teleported is created in ion A
Step 3: One ion from the pair - in this case B - is entangled with A and both are measured
Step 4: The result of the measurement is sent to ion C and the transformation implemented
Step 5: The state of C is now the same as that prepared for A
Via: Hitechblog