Barcode vs RFID
A barcode is a method of representing data in a visual, machine-readable format. Although patented in the US in 1952, it took over twenty years before the barcode technology became commercially successful when they were used to automate supermarket checkout systems, a task for which they have become almost universal.
However, as alternative, UHF RFID got a boost in 1999, when the Uniform Code Council, EAN International, Procter & Gamble and Gillette put up funding to establish the Auto-ID Center at the Massachusetts Institute of Technology. Two professors, David Brock and Sanjay Sarma, researched into the possibility of putting low-cost RFID tags on all products aimed to track them through the supply chain. Their idea was to put only a serial number on the tag to keep the price down (a simple microchip storing very little information would be less expensive to produce than a complex chip with more memory). Data associated with the serial number on the tag would be stored in a database that would be accessible over the Internet. (The history of RFID technology, RFID Journal, Jan 16, 2005).
Link: https://www.rfidjournal.com/the-history-of-rfid-technology
Benefits of RFID
When to use RFID in your process
RFID provides a quick return on investment in many industrial production processes and warehousing operations, also in rental or supply chain sectors:
RFID automatic Identification data capture is ‘Smarter’ than barcode and It’s a tried and tested technology for automatic data capture and identification.