RFID Technology: The Next Big Thing in China's Economy

The Chinese government has laid special emphasis on the development of RFID technology. The government envisages that large-scale implementation of this technology in different sectors of the economy will fuel increased efficiency with respect to supply-chain management, availability of accurate and relevant data, and crucial cost savings. The government zeal for RFID systems for overall efficiency is louder than ever. RFID finds applications in security access, or even for tracking library and act as vending machines for money transactions. Most systems that deploy RFID technology use High Frequency devices such as smart cards that have a variety of applications such as in transportation, anti-counterfeiting, ticketing and others. Experts say there's immense scope o View the rest of this article