29 Jul RFID: State of the Market
RFID is an emerging standard for identification and tracking of goods. It’s one of the key underlying technologies for the Internet of Things. Yesterday we looked at the market for Internet fridges. Our conclusion was that until RFID tags become more common place on food items, Internet fridges will continue to be novelty appliances. In this post we look at the current state of RFID (Radio-frequency identification).
Some big names in the retail industry have climbed on board the RFID freight train. Notably Wal-Mart, which has not only adopted RFID big time, but pressured its suppliers to do so too.
The US retail giant issued a mandate to its top 100 suppliers in late 2004, requiring them to use RFID tags. The suppliers struggled to comply, so more Wal-Mart mandates followed. Finally, after years of slow take-up, Wal-Mart introduced fines for non-compliance in January 2008.
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