Comparative Study on RFID based Tracking and Blockchain based Tracking of Material Transactions

Radio Frequency Identification &amp; Detection (RFID) technology is used frequently in material and<br> device identification and tracking in business firms and retail shops. In RFID technology tags are<br> used to transmit data in the form of radio waves. The device transmits information from a reader<br> to an RFID computer program. The RFID tags are often used for goods as well as for the followup<br> of pets, Alzheimer's disease patients &amp; vehicles. RFID tag is called an RFID chip as well. This<br> technology supports the tracking of tangible components and materials. Similarly, one of the ICCT<br> underlying technologies called blockchain technology is recently developed and it consists of a<br> growing list of cryptography associated records in the form of chain that has the property of<br> transparency, decentralization, and immune to modifications. Blockchain technology is used for<br> record creation across many computers or digital devices of a process or an activity which cannot<br> be altered retroactively, without altering its subsequent processes or activities. Blockchain<br> technology allows a system to own digital goods, assets, and data and capable to trace the history<br> of everything which is created as a footprint in the past transactions. In this paper, we have<br> analyzed and compared how RFID and Blockchain technologies can be complementary to each<br> other and add new features in material-based tracking in society. The data were gathered from<br> various websites &amp; scholarly journals. Initially, RFID, ICCT &amp; BCT are analyzed in terms of their<br> material tracking properties, then a comparison is made between RFID &amp; BCT in material tracking<br> to give an insight into different complementary technologies in transactions and material tracking.