Monday, August 15, 2005 in News
“The RFID Consortium is modelled on the successful patent licensing consortium formed and implemented for technologies in the MPEG-2 and DVD industries. As with those models, the RFID consortium aims to provide a structured approach for holders of essential RFID patents to receive fair compensation for those patents, at a reasonable cost to the end-user. This approach should provide competitive benefits by integrating complementary technologies and reducing transaction costs, the group says. It also offers an alternative to individual licensing agreements.”
