RFID dealers form association with eye on more scalability and cost effectiveness
In what seems to be a step in the right direction, RFID dealers have formed an association. It would primamrily look in to the patenting and licensing of products based on the technology. It is believed to be on the lines of the organisation formed by the DVD and MPEG -2 players manufacturers.
The vision of the group is increased appeal and cost effectiveness for the technology.The business model RFID follows as of now is not the best in terms of structure. The association aims at an organised approach which would ensure fair pay packets to RFID patent holders. This would in turn enable the latter to sell them at lower prices to the end users. It also believes in amagamating RFID with low cost technologies to bring down the overall cost. Mobile Health Data reports:
The consortium's goal is to offer a structured approach for holders of RFID patents to receive fair compensation for them so they can offer reasonable prices to users.
Read more: RFID Vendors Form Consortium