RFID stands for Radio Frequency IDentification.

Its supporters tout its amazing power to streamline it supply chain. I am in agreement with those supporters. RFID will significantly increase the efficiency of supply chains. The problem with RFID is that the RFID tags will be released into the world and become a privacy and security nightmare.

I think that the true potential of this technology is as big as the internet. That is a bold statement, but think about it. The internet is electronic content in small pieces linked together. RFID taken to its logical limits becomes the internet of things. Imagine if every thing made in the world could shout out its existence. If you have enough RFID scanners and internet capacity you could place every man made object in its GPS location. Get your mind around that for a second. Every manmade object with real-time global placement.

This ends many things: cash, theft, and privacy.

Why would world wide RFID end cash? There would be no need to exchange currency because all of everybody