This document discusses radio frequency identification (RFID) technology. It describes the basic components of an RFID system including RFID tags, readers, and application software. It outlines the different types of RFID tags based on frequency and read range. Examples of current RFID applications are provided such as payment systems, access control, and electronic toll collection. The results of an online survey of small and medium enterprises on the benefits of RFID in different industries are presented. The document concludes that while RFID provides benefits like contactless reading and adding data, costs remain relatively high and standards are still being developed.