The Pros And Cons Of Blockchain

In its basic form, a typical RFID system has two major components, a reader and tags, as shown in Figure 3.1. These tags are made from a tiny chip, also called an integrated circuit (IC), that is connected to an antenna that can be built into many different kinds of tags including apparel hang tags, labels, and security tags, as well as a wide variety of industrial asset tags. The tag chip contains the product's electronic product code (EPC) and other variable information so that it can be read and tracked by RFID readers anywhere(Impinj 2015).

The RFID system mainly includes three parts: reader, antenna, and RFID tag, as shown. Because of the uniqueness of the RFID tag, the reader can locate and

As RFID technology evolves and becomes less expensive, there will be an increase in the number of companies and vendors using the technology. Eventually, new applications will be developed and these systems may even be able to solve common or unique problems associated with business in today’s market.

To justify the objective I have begun the research with literature revi9ew and by collecting the secondary data from the articles, peer reviewed journals, related research papers and books. Journals and articles were important to understand the challenges and risk RFID technology is facing .I Addition to data collected from another sources are discussing with industries who implemented and using RFID technology to track their products, Reviews and people who are technically involved with RFID technology helped me to collect the data required for my

While the Radio Frequency Identification Device has been in existence for almost 50 years, the use of this chip in human beings is an advancement of the technology. The chip has mainly been used for tracking animals and goods throughout is existence. Generally, the RFID chip consists of two main parts i.e. an antenna and integrated circuit chip. It's been used as an effective detection mechanism since the antenna can recognize the chip regardless of whether it's within its line of sight (Alam, 2011).

First of all, what are RFID chips, and what are they capable of? In more detail RFID stands for Radio Frequency IDentification, a technology that uses tiny computer chips smaller than a grain of sand to track items at

First and foremost the RFID IC or (Radio Frequency Identification Chip) is a tag, label, or card that can exchange data with the reader using its built in antenna and its IC (Integrated circuit ). There are a numerous amount of different things that helps tie this chip tie together, such as your personal ID, Medical history , bank information, and all of the other information government wants to know about you. The chip is inserted by doctors in one of your hands right between your index finger and you thumb they say it take no longer than thirty seconds to a minute.

As technology advances so does the threat to our privacy as citizens, we enter into this technological world worried only with what’s new and hot and not diving deeper into how these devices are collecting data on us. One of these new devices is called a Radio Frequency Identification (RFID) it’s a wireless system of both what is called tags and readers that pick up radio waves and hold information. The many uses include Inventory control, Equipment tracking, Out-of-bed detection and fall detection (FDA).

Within the realm of IoT, Blockchain has huge potential with home automation systems, connected thermostats, autonomous vehicles, etc. Blockchain helps to reduce security threats at the edge, but the long-term value is with interactive appliances such as refrigerators or washing machines that can intuitively restock, order, pay for, and have items shipped without user interaction. Industries like Aviation, Financial Services, Healthcare, Supply Chain and the Public Sector have all begun transforming to support Blockchain. For example, aviation and manufacturing are using Blockchain to track, move, and track replacement parts across multiple companies and suppliers. The Financial Services industry is leveraging Blockchain to ensure transactional integrity, faster

RFID, or radio frequency identification, is the new system that is replacing the use of barcodes. RFID tags allow users to more quickly obtain information from the object that the RFID tag

Bitcoin is an amazing currency that can be unpredictable in movement. It can skyrocket in value and also go down in value depending on the movement of the market and it has the capacity to solve many of the negative issues our legal currencies are suffering from.

Technology plays a major role in our lives. Technological advancements have made significant contributions to how our world operates today and how we go about our daily lives. One question many have is this: will our money become completely digital like so many other things have? Digital money should not become the United States' only way of payment in the future because technology is not always reliable, hackers can easily use it for personal gain, and it is only controlled by its users.

Radio Frequency Identification Technology (RFID) is basically a special tag implanted into a product which can identify and track the product via radio waves. These tags can carry up to 2,000 bytes of data. RFID tags are tiny computer chips that transmit radio signals which are put onto packages or shipping containers to help organization identity product locations and movement. They have many different application in both manufacturing and service industries, since RFID tags are being embedded in virtually everything, including clothes, supermarket

Radio Frequency identification involves a small electronic device that has a small chip and antenna. 2,000 bytes of data can be carried by this chip. RFID devices give an object or product its unique identifier, just in the same way that bar codes and magnetic strips which are placed behind credit, ATM or debit cards. The data stored on the chip is only accessible when on scans the device and then the information is captured on the computer. Though one needs to scan the RFID device to gain access to the data, it is not mandatory that one places the scanner directly beside the chip. The chips can be read from approximately 20 feet as it does not use line of sight. This gives RFID a greater advantage over the other methods for automated data collection. RFID use radio waves to transmit a signal that can be read by a reader thus enabling the chip to transmit information to the scanner which then converts the data to machine readable information(Taghaboni-Dutta & Velthouse, 2006).

The famous digital cryptocurrency over the internet is bitcoin that has eased the online transactions. It’s a global phenomenon and misunderstood by bankers, governments and many companies. This is why understanding the basic of it is as mandatory as the virtual money itself.