Munich Personal RePEc Archive

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.

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