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)

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