Several technology operators on Thursday founded the Hong Kong Radio Frequency Identification (RFID) General Chamber of Commerce which aims to provide professional advice and connection services to develop the innovative technology in the city.
The general chamber of commerce believed RFID could play an important role under Hong Kong’s Smart City Blueprint as the technology is now widely applied in e-commerce, self-shopping and unmanned stores.
“Any business related to goods could use RFID at different stages to improve operation efficiency and customer experience. Thus, RFID is regarded as vital in the Internet of Things era,” Calvin Yip, the chamber’s chairman, said.
The wireless technology utilizes electromagnetic fields to identify and track tags attached to objects. A chip on the tag carries information on the object and computers can update or track the tag using a wireless signal from an RFID reader.
RFID tags supply information on loads and deliveries in many industries such as retail, logistics, transport, storage and manufacturing. RFID systems can identify any product as it moves from factory to end-user.
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Hong Kong based Chow Tai Fook Jewellery group is a pioneer in integrating RFID, which the company deployed for its inventory control system. The jeweler expected it could offer different functions to meet various needs and targets.
“The system looks after logistics management, store inventory and retail operation. It also collects information for us to know more about customers’ preferences and help business decisions,” said Patrick Tsang Siu-kwong, general manager of the information and communication center at Chow Tai Fook.
The RFID General Chamber of Commerce signed memorandums with two companies – FMC Exhibition and Guangdong based Inno Valley – on its opening and inauguration ceremony on Thursday, seeking opportunities in Belt and Road countries and Guangdong-Hong Kong-Macao Bay Area cities.