RFID technology is capable of both enhancing and protecting the lives of consumers, and also revolutionize the way of doing business. RFID is a flexible auto-identification technology, that can be used to track and monitor items or people in the physical world automatically and with a high level of accuracy.
RFID tells you what an object is, where it is, and depending on the tags functionality, even its condition. This is why it is integral to the development of the so-called Internet of Things. This so called Internet of Things or IoT is a global web of interconnected objects. The physical world itself will become an information system, automatically sensing what is happening, sharing related data, and responding.
The adoption of RFID is increasing rapidly because it enables to “tag” any item with a low cost tag and then communicate with that tag using a reader. Applications range from “SCM” supply chain management to asset tracking and the authentication of frequently counterfeited pharmaceuticals. Applications are only limited in fact by the imagination of the user.