Can you explain about the proposed autocomplete type attribute? Should we add this on web forms?

Can you explain about the proposed autocomplete type attribute? Should we add this on web forms?

Many websites have forms which ask for the name (first and last name), the address, the street address, the postal code and all such stuffs. Visitors, usually, feel irritated or lazy to fill up these forms. 

If you are a business owner or a publisher, it would be a lot better if you make it easy for them to fill up those forms, so that they would like to do purchases or sign up for the newsletter or whatever you are interested in. 

An easy way to make this simpler is, first take the existing web form and Google Chrome and there is proposed a standard called autocomplete type, which means a software function that completes words or strings without the user needing to type them in full. It does not alter the form elements m i.e. the variables are same, so it's just only adding.

But by commenting the forms with the right thing which you expect people to fill in with the browser's auto-complete, Chrome will know how to fill out the forms. So when a Chrome user visits the page and wish to buy something and they type something in, then they can see an option to autocomplete.

It acts like, if you type in the first box, rest will get filled automatically. This makes the work simple. 

It should be semantically understandable in some sense.

As a result, users will fly right through the form. They can sign up for newsletter, purchase or whatever. It is highly recommended to have this, but it may take some hours of yours, but it's really worth it.