Max Bellamy asked:
We all have of course seen James Bond attaching a small chip on an enemy’s overcoat to track the bad guy enemy. The spy-chip he used was actually the RFID system. RFID means Radio Frequency Identification method. This system uses transponders to store and remotely retrieve stored data. In the RFID method, these transponders are also known as RFID tags. Currently, RFID is used everywhere. From animal tracking to container tracking, and credit cards to library cards, we see the use of RFID. Some of the RFID applications can even remove human intervention completely.
Generally, an RFID system has tags, tag readers, servers and application software. The tags are mobile devices with digital memory chips and unique identification codes that transmit the data, which is then read by the tag reader. Further processing is done by application software according to the need.
Though relatively expensive, RFID provides the advantage of having multiple independent data sources on one chip. And when one thinks of long-term gains, RFID is the future. RFID technology not only provides greater functionality but also greater clarity. But, as every coin has two sides, RFID technology has some side effects too. The use of RFID creates the problems about the privacy of an individual. These concerns mainly rise from the RFID tags attached to products consumers buy.
Thus, great technologies like RFID must be judiciously used to enjoy the benefits from it. Once the negative issues are removed by standardization and by law then RFID will definitely be useful for mankind.
Smart RFIDs

Max Bellamy asked:
In any rapidly emerging market sector, there are companies that proceed with bold plans but fail to achieve their targets. Then there are those that calmly build lucrative businesses. As far as RFID (radio frequency identification) is concerned, many companies are re-evaluating their policies after disappointment, while others are succeeding.
The internet is the best source of searching for RFID companies. Some examples are Baxtek Solutions, Datex Corporation, Kornyk Computer Solutions International, Inc., The L D S Corporation, and Miles Technologies, Inc. Productivity of RFID operations can change by market sector, label frequency, and position in the value chain. In RFID, profitability is not associated with the size of the market, but many people are attracted to the largest markets despite the success rate being low. Also, customer reluctance may cause prices to decrease.
Also, technical problems may cause an even graver situation. There is a high probability that companies having good positions with expert technology and business acquaintances will prosper. Some examples of sectors having prevalent RFID activities are airlines and airports, animals and farming, books, libraries and archiving, financial security and safety, healthcare, land and sea logistics, and postal services.
There is also an idea of disruptive technology. In management terminology, it is the latest scientific innovation, item, or service that can ultimately capsize the existing technology. At first, disruptive aids frequently perform worse, but they can control an existing market by playing a role that older technologies could not play or by improving performance. The RFID industry is presently unconcerned about printed RFID because it is not ready and cannot meet the increasingly more intricate specifications being written. However, there is a need for writing an uncomplicated specification for item level RFID, and printed electronics is likely to be the most economical. Printed RFID can be a big disruptive technology in RFID. Obviously, companies working on it would be technologically more advanced.
In general, the RFID industry complies with the laws of the marketplace and by taking them into consideration, losses can be avoided.
Smart RFIDs

Powered by Yahoo! Answers