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RFID chips: Future technology on everyone’s lips

Heng, Stefan (2006): RFID chips: Future technology on everyone’s lips. Published in: E-conomics No. 55 (20. February 2006)

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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.

Item Type:MPRA Paper
Institution:Deutsche Bank Research
Language:English
Keywords:information- and communication technology; ICT; e-business; e-commerce; B2C-e-commerce; internet; retail; supply chain management; tag
Subjects:O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology
L - Industrial Organization > L8 - Industry Studies: Services > L81 - Retail and Wholesale Trade; Warehousing; e-Commerce
ID Code:3299
Deposited By:Stefan Heng
Deposited On:22. May 2007
Last Modified:07. Nov 2007 03:06

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