The document summarizes a technical seminar report on Apple iBeacon technology presented by D. Madhavi. It discusses how Apple created iBeacons using Bluetooth low-energy technology to allow companies to interact with customers using their smart devices within close proximity. Locally placed beacons can send messages to phones if the user has the company's app installed and Bluetooth turned on. The report also covers how beacons work, their battery life, compatible devices, applications, advantages and disadvantages of using beacon technology.