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RFID chips: Future technology on everyone’s lips

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  • Heng, Stefan

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.

Suggested Citation

  • Heng, Stefan, 2006. "RFID chips: Future technology on everyone’s lips," MPRA Paper 3299, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:3299
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    File URL: https://mpra.ub.uni-muenchen.de/3299/1/MPRA_paper_3299.pdf
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    More about this item

    Keywords

    information- and communication technology; ICT; e-business; e-commerce; B2C-e-commerce; internet; retail; supply chain management; tag;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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