Measurement & Instrumentation

RFID and RTLS solution providers are finding interest in blockchain to develop a more robust tracking and tracing technology that also offers high accountability

Published: 6 Jul 2018

Blockchain technology has started to gain acceptance beyond cryptocurrencies and companies and research institutes have started integrating it with Radio Frequency Identification (RFID) and Real-Time Location System (RTLS) solutions. China based Waltonchain has developed a solution in combination of blockchain and RFID to counter the anti-counterfeiting challenges in retail and supply chain; Fraunhofer Institute for Photonic Microsystems (IPMS) in Germany is working on developing a solution based on blockchain and RFID sensors; and A.P. Moller – Maersk and IBM are working on developing a solution for improved supply chain management using blockchain and RFID. A technology that combines RFID and RTLS along with blockchain has the capability to transform businesses and bring more visibility. Such a solution allows business owners to view their transactions related to RTLS tags through blockchain-enabled smart contracts.

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