RFID chips: Future technology on everyone’s lips

Stefan Heng

MPRA Paper from University Library of Munich, Germany

Abstract: Radio frequency identification (RFID) is considered a technology of the future, but RFID chips have long established themselves in our everyday lives. RFID systems combine the physical world of a product with the virtual world of digital data. Projects based on RFID far transcend simply replacing the bar code, and in fact represent a new all-encompassing structural concept. The RFID market is faced with the conflicting demands for cheap solutions on the one hand and guaranteed high-level security, which is predicated on additional investment, on the other. The retail trade is playing a decisive part in the broad-based roll-out of RFID projects. Beyond deployment in the retail market, though, RFID will soon be considered an indispensable part of the entire value chain in all sectors of the economy.

Keywords: information- and communication technology; ICT; e-business; e-commerce; B2C-e-commerce; internet; retail; supply chain management; tag (search for similar items in EconPapers)
JEL-codes: L81 O14 O33 (search for similar items in EconPapers)
Date: 2006-02-20
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