Several new RFID tag technologies have been introduced that should reduce the cost of the tag to the lowest possible level. Looking at the history of RFID, their first real application was in the agricultural sector, where they were used to identify animals. Today's RFID tag is used in many applications, most notably in highway toll collecting. RFID is found in E-Z Pass and FastPass systems. RFID now allows vehicles to pass through a scan point without stopping, which saves lots of time and increases traffic-flow. According to Bmp Today:
The value of the RFID passive tag is approximately the same as for a barcode; the tagged item has a unique identity. The data for the tagged item is usually located in a computer database, not on the tag. Simplicity of the tag keeps the cost at a minimum.
Read more: RFID Unites the Supply Chain
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