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Why limit the thought to simply monetary transactions? What about communications with other types devices. Inventory management at warehouses, package sorting b
by karanr 16y ago
Why limit the thought to simply monetary transactions? What about communications with other types devices. Inventory management at warehouses, package sorting by shipping companies, communication with other consumer devices. Your phone will become the data hub. New business models can be derived... the possibilities are endless.
- evgen 16y agoThere are some practical limitations on NFC that make this unlikely. The difference between NFC and RFID is that RFID used backscatter for transmitting information while NFC uses induction, with the latter you get an inverse square drop-off in the communications link as distance increases. The range for NFC is unlikely to get beyond 10-20cm while RFID can be read over a hundred meters or so given the right equipment.