Link: PC World - EU Working Towards RFID Standards.
The potential growth of the RFID market is "huge," Information Society and Media Commissioner Viviane Reding told reporters Thursday at the Cebit trade show in Hanover, Germany. She estimated that the European RFID market will grow from €500 million (US$660 million) in 2006 to €7 billion by 2016.
"We're strong in wireless, mobility and chip manufacturing, and we must develop this for RFID," she said. But the commissioner also warned that industry must pay greater attention to security and privacy issues. "We must make industry aware that the Internet of things must be an Internet for people." (((That might actually happen – after retail gives up, the military gives up, and EU regulatory bodies give up. There's always the people of the Internet – even if their traffic is 95% predatory spam, the people never give up clicking.)))
To that end, Reding announced the creation of an "RFID stakeholder group," including representatives from industry and consumer groups. (((Gotta see if they've got a mailing list.)))
