Verisign's CEO Speaks on RFID
Filed in archive EPC Standards , Ubiquitous Computing by Anita Campbell on January 14, 2005

If you read just one article on RFID today, make sure it is this fascinating interview of Verisign's CEO, Stratton Sclavos on sfgate.com. (Hat tip to Mark Johnson of RFID Tribe for the link.)
Through Verisign's creation of the electronic product code database, we are one step closer to the Internet of Things. Verisign's CEO even uses that term in the interview, and makes this observation about the value of RFID:
"VeriSign doesn't expect any revenue from RFID until 2007.
People say gee, if it's going to take that long, why is it all that interesting? If you do the math of the number of retailers and the number of products they stock and the number of manufacturers and their manufacturing plants, the numbers I have seen would suggest 7 to 8 percent of the profits of a large manufacturer like a Gillette or a Procter & Gamble are lost through poor inventory tracking, counterfeitproducts, whatever may be out of stock on the shelf or out of stock in the back room. That 7 percent apparently equals about $600 billion a year. So that's why it's the holy grail for the supply chain.
But I've sat in meetings with the Wal-Mart and the Kroger and the Gillette and the P&G people, and they told the technology industry to go faster. It's the first time I've really seen the retail industry and the consumer packaged-good industry (tell them that).
This is really going to work. It's going to be the Internet of things, as opposed to the Internet of people and addresses."
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