RFID technology uses radio waves to electronically identify objects. It consists of tags that store data, readers that interrogate the tags, and application software. There are three main types of tags: passive, semi-passive, and active. Common applications include credit cards, transportation payment systems, toll collection, access control, and supply chain/logistics. A survey found the most suitable industries for RFID are logistics/supply chain, libraries, and pharmaceutical manufacturing. While RFID provides benefits over barcodes like contactless reading and rewritable data, limitations include higher costs and signal interference from some materials.