Financial Wealth graphic
Financial Wealth symbolFinancial Wealth picture
Financial Wealth image

 

Welcome to Universal Wealth Creation.com

 

This site have been developed as a resource for people

searching for the best ways to create wealth and increase the

quality of their lives. Inside you will find reviews of the latest

Investment strategies available.

Wealth Creation 

Home Page

 

 


 

 

Financial Wealth

Business & Finance Articles

 RFID Privacy and You
 By: Rich McIver

 

RFID (Radio-Frequency Identification) is a tiny wireless technology which has the potential to radically transform the commerce world. It consists of an inexpensive chip, often smaller than a grain of sand, which can be read up to several meters away. The hope among retailers, is that the technology can be used as a next-generation barcode, automating inventory levels, and thus cutting costs for manufacturers and retailers. While the technology does offer some potentially remarkable opportunities, it also raises some concerns with regard to individual privacy and corporate espionage.

While barcode-type RFID tags are not likely to reach consumers on a regular basis in the near future, there is little doubt that with the success of early trials, they eventually will. Consequently, concerns about privacy infringement with regard to RFID are important not only in the theoretical sphere, but increasingly such discussions have vital practical applications.

SPECIFIC PRIVACY CONCERNS

RFID tags differ from conventional barcode tags in a number of ways. It is these differences that create the benefit of adopting the technology, while simultaneously creating the greatest concern over the privacy issues involved. For example, under today's bar code technology, a pack of Wrigley's Gum sold in Houston, Texas has the same barcode as a pack sold in New York City or Ontario. With RFID, however, each pack would have a unique ID code which could be tied to the purchaser of that gum when they use an 'item registration system' such as a frequent shopper card or a credit card.

Continuing with the Gum example, the purchaser could then be tracked if he/she ever entered that same store again, or perhaps more frightening, if they entered any other store with RFID reading capability. Because unlike a barcode, RFID can be read at a distance of up to a few yards. Meaning that if you enter a store with a pack of gum in your pocket, the reader can identify that pack of gum, the time and date you bought it, where you bought it, and how frequently you come into the store. If you used a credit card or a frequent shopper card to purchase it, the manufacturer and store could also tie that information to your name, address, and email. You could then receive targeted advertisements by gum companies as you walk down the aisle, or receive mailings through your e-mail or snail mail about other products.

As the technology behind RFID advances, the potential for privacy infringement does as well. A more recent development is a study which reveals that RFID already has the capability to determine the distance of a tag from the reader location. With such technology already available, it is not difficult to imagine a situation in which retailers could determine the location of individuals within their store, and thus target specific advertisements to that customer based upon past purchases. In effect, that store would be creating a personal log of your past purchases, your shopping patterns, and ultimately your behavioral patters. While such information gathering would be considered intrusive enough by many consumer's standards, the danger that such information could be sold to other retailers, (similar to the way such profiles are currently sold regarding internet commerce), could create potentially devastating information vulnerabilities. While some RFID critics have pointed out that the technology could lead to some sort of corporate 'Big Brother' there is a more widespread concern that allowing RFID to develop without legal restrictions will eliminate the possibility for consumers to refuse to give such information to retailers.

COUNTER-MEASURES

Despite these and other such dangers, however, there are some steps being taken to mitigate these privacy issues. For example, a recent proposal would require that all RFID-tagged products be clearly labeled. This would give consumers the choice to select products without RFID, or at a minimum to recognize that the items they select are being tracked. For those unsatisfied with disclosure, there also exist a growing number of products designed to limit their exposure to RFID tagged products. One such product is ģKill Codesī a command which turns off all RFID tags immediately as the consumer comes into contact with them, thus entirely eliminating the effectiveness of the technology. Another proposal, however, ģRSA Blocker Tagsī, try to address privacy concerns while maintaining the integrity of the product. Under this technology, the item can only be tracked by that store's authorized reader, meaning that customers cannot be tracked outside of the store in which they purchased the item.

CONCLUSION

While some of the dangers posited here seem far-fetched and unlikely, the technology already exists and is developing rapidly to ensure that such hypotheticals can become realities. RFID tags have the potential to revolutionize the shopping experience by bringing us targeted products and allowing retailers and manufacturers to track purchases and shopper behavior more accurately and cost-effectively. The concern, however, is that if we are not aware and careful about the potential abuses of such technologies early on, we may fail to incorporate them at a time when the laws and mores of such a system are still developing, ultimately suffering the consequences later on.

 

Return to Index

Return To Universal Wealth Creation Home Page

 

About The Author

Rich McIver writes for http://www.rfidgazette.org, a free informational resource on RFID. See http://www.rfidgazette.org/privacy/ for more information on RFID privacy issues.

This article was posted on April 25, 2005  

http://www.universalwealthcreation.com   Wealth Creation | Financial Wealth

Copying or republishing this article is permitted with this footer included

 

Collect a Free 260 page ebook here: Universal Wealth          Earn up to $1,000 per referral: Wealth Creation Affiliate

 

These property, finance, stock market & business articles have been supplied in the interest of Universal Wealth Creations visitors who want to expand their knowledge in the wealth creation & investment fields.  All the business, finance, stock market & business articles have not been read as they are submitted remotely, so if you find any questionable facts in here or simply do not like it, please email webmaster@universalwealthcreation.com and we will review the material. As we find time to do so, we will go through all articles and remove any that appear not suitable. Other sites we recommend here at Universal Wealth Creation are: 21st Century Academy with Jamie McIntyre, Investor Finance, Universal Trading Solutions which promotes great wealth creators like: Kim Reilly, Simon Martin, Justin Beeton, Louise Bedford, John Kaye, Daniel Kertcher & more. They run great seminars across the country. At times we will publish dates for these seminars as they are made available around the counrty. Meanwhile, there is a great opportunity to learn about the finance, stock market & property investment field through reading these kind of articles. Learn about share trading, options, futures, CFD's, derivatives, warrants, indices & more in the stock market. You will also learn plenty about business, finance & property investing through authors opinions in the marketplace.  Enjoy your journey towards financial freedom. We hope you will enjoy your visit.

Regards    Sean Rasmussen - Universal Wealth Creation Pty Ltd

Financial Wealth | Wealth Creation Ebook | Wealth Creation Ezine | Financial Investment Books | Kim Reilly | Jamie McIntyre DVD | Jamie McIntyre Homestudy  | FAQJamie McIntyre Testimonial | Wealth Creation Forum | Wealth Creation Affiliate | Bourse Data | Australian Property | JB Global | Justin Beeton | Investor FinanceGuy Bower | 21st Century Academy | Pacific Investor Group | Forex Currency Trading | Property Investment | Property | Covered Calls | Property Sourcing | Property Articles | Business Articles | Finance Articles | Resource Directory | Jamie McIntyre | Business Opportunities | Property Investing | Share Trading | Renting SharesAustralian Property | Investor Finance Articles | Property & Finance Links | Wealth Creation DVD | Perth Property | Adelaide Property | Brisbane Property | Hobart Property | Melbourne Property | Sydney Property | Australian PropertyASX Links | Work From HomeMaking Money | CK Locke | IPO | Finance Review | Deposit Bonds | Bank Guarantees | Investment Tutorial |

Site Map

 

 

 

Copyright © 2004 & 2005 Universal Wealth Creation Financial Wealth