Delhi, Delhi India (PressExposure) March 09, 2007 -- After two years (2005 and 2006) of grueling hardwork, Malaysia Microchip Project has gain success in the development of the worldâs smallest Radio Frequency Identification microchip with an in-built antenna.
The Malaysian Government commenced on the MM microchip Project in 2004 to exploit the potential of RFID technology.
On February 24, 2007, Malaysian Prime Minister, Datuk Seri Abdullah Ahmad Badawi, launched the chip. He said in a statement to thestar.com published on February 25, 2007 that some applications that are presently under-development would help in achieving a better public service delivery system.
The microchip that cost around RM180 Million (US$ 50 Million) to develop works on Japanese technology and is the first of its kind with multi-band frequency. The chip is so small that it can be imbedded on paper. Each microchip comes with its own serial number.
Mr. Abdullah expected the solutions and applications based on MM microchip will find their place at both domestic and international front equally.
He counted a number of uses of the microchip, like itâs an aid to counteract the forgery in government documents, halal certificates, currency notes, compact discs, and medical products.
Datuk Seri Mohd Radzi Sheikh Ahmad, a Minister, appraised the MM chip in a statement to thestar.com published on February 25, 2007. Ahmad said that MM microchip is commended to be the smallest RFID chip in the world with an in-built antenna. Moreover, it can work on three distinct bands of radio frequencies. So, other countries can also adopt it. He urged all government and government-linked bodies to use the microchip and help to promote it worldwide.
According to the RNCOS report âRFID Industry Analysis 2006â, in the coming years, asset tracking application will be the most rapidly growing section. It will grow unequally as against the RFID market at large. Interoperability across several RFID systems, countries and companies is essential to achieving wide-scale implementation of the technology.
The market research report also discusses the applications and opportunities of RFID, potential of RFID in retail management (like supply chain management, point of sale, and asset tracking), potential of RFID in segments like consumer packaged goods, and healthcare/pharmaceutical sector, and the future prospects of RFID market.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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