There are many promising RFID applications. For example, medicinal products can be tagged and traced to combat drug counterfeiting. Logging tagged items into and out of your refrigerator can help you track when certain products are out of stock or whether certain products have gone beyond their date of expiry. An RFID chip can provide useful information over the whole life-cycle of its tagged product. That is why RFID chips can improve customer relations through better aftersales services.

There is a large field of applications when it comes to medical services and services for people with additional needs. Even the tracking of criminals on parole from prison is imaginable.

One of the most popular new developments is a contact-less payment solution called SmartPay for small payments in the US. It is also an efficient technique to reduce thefts from shops, in addition to the stock keeping function, mentioned above.

Looking into the future, RFID and smart tags will allow the creation of an ‘Internet of Things’, where objects and locations may be directly related to one another. These objects will also be capable of increasingly “intelligent” interaction.