It may be possible for the government or a similar authority to pass a law saying that all assets declared by a publicly held corporation on its books should be tagged with a read-on.
- With the Enron & Worldcom corporate scandals still fresh in people’s minds, this RFID asset tagging could be a solution suggested by external independent auditors.
- Standardization of asset number tags is a possibility, therefore all “asset” tags will follow a certain standard both in physical aspects as well in their internal data structure.
Applications & Solutions
Future Trends
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Advantages Over The Earlier System
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a. Was not painful to the animal.
b. Visible only to an RFID reader.
RFID Solution Of Retailing
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Equip fixed RFID readers all over the store, including the trial rooms. The goods all are tagged with RFID tags. Sales staff have small handheld unobtrusive readers, also called as wands by some RFID vendors.
Likely Future Scenarios
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The government or other statutory authorities may mandate that all animals should be tagged whether pets,cattle,livestock or endangered wild species. Future Scenarios Of Retailing
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Many higher end retail stores, could implement this system easily. Plus having high margins means that the ROl on such investments will be much higher and in a smaller timeframe. Designer clothes boutique stores, high end fashion accessories stores, leather handbags and accessories stores will be the implementers of this system in the coming few years.