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RFID
Radio-frequency identification
Radio-frequency identification (RFID) is an automatic identification
method, relying on storing and remotely retrieving data using devices
called RFID tags or transponders. The technology requires some extent
of cooperation of an RFID reader and an RFID tag.
An RFID tag is an object that can be applied to or incorporated into
a product, animal, or person for the purpose of identification and tracking
using radio waves. Some tags can be read from several meters away and
beyond the line of sight of the reader.
Most RFID tags contain at least two parts. One is an integrated circuit
for storing and processing information, modulating and demodulating
a radio-frequency (RF) signal, and other specialized functions. The
second is an antenna for receiving and transmitting the signal.
Future Chipless RFID allows for discrete identification of tags without
an integrated circuit, thereby allowing tags to be printed directly
onto assets at a lower cost than traditional tags. Currently (2008)
none of the chipless concepts has become operational.
Today, RFID is used in enterprise supply chain management to improve
the efficiency of inventory tracking and management. However, growth
and adoption in the enterprise supply chain market is limited because
current commercial technology does not link the indoor tracking to the
overall end-to-end supply chain visibility. Coupled with fair cost-sharing
mechanisms, rational motives and justified returns from RFID technology
investments are the key ingredients to achieve long-term and sustainable
RFID technology adoption.
Source: http://en.wikipedia.org/wiki/RFID

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